America's Best Places To Raise A Family, Listed By State

BusinessWeek recently released its 2011 America's Best Place to Raise a Family rankings. College-town Blacksburg, Virginia took top honors, breaking a 2-year win streak for the Chicago, Illinois region.

In 2009, suburban Mount Prospect, Illinois placed first. Last year, it was Tinley Park, Illinois.

The BusinessWeek report employs data from real estate information firm Onboard Informatics to make its rankings, compiling data across categories such as education, crime, and jobs plus access to parks and affordable homes. All selections are limited by population; all selections are home to 50,000 residents or fewer. Median incomes are within 20 percent -- plus or minus -- of the state's median income levels.

BusinessWeek names one winner in each state. The winners in the 10 most populous states and their nearest "big city" are listed below

1. California : East San Gabriel (Los Angeles)
2. Texas : Wells Branch (Austin)
3. New York : Hampton Manor (Albany)
4. Florida : Niceville (Fort Walton Beach)
5. Illinois : Morton Grove (Chicago)
6. Pennsylvania : Cecil-Bishop (Pittsburgh)
7. Ohio : St. Henry (Dayton)
8. Michigan : Spring Arbor (Jackson)
9. Georgia : Hoschton (Atlanta)
10. North Carolina : Tryon (Spartanburg, SC)

The winners in all 50 states can be found on the BusinessWeek website.

Rankings like the BusinessWeek America's Best Place to Raise a Family can be useful for home buyers in San Mateo , but like everything in real estate, statistics do not apply to every home equally. Even within the "best towns", there are areas in which school systems are better, crime figures are lower, and amenities are more plentiful.

Therefore, before you make the decision to buy a home, talk with a real estate agent who has local market knowledge. It's the most effective means to get data that matters to you.

Top 25 Least Expensive U.S. Cities

A report issued Monday by the U.S. government showed core inflation rising 2.5 percent in the last 12 months for its biggest one-year gain since January 2010.

Everyday living is becoming expensive, it seems.

But there are some U.S. towns in which the cost of living remains affordable -- and downright cheap -- as compared to the national average. They're detailed in a BusinessWeek piece titled "The Cheapest 25 Cities In The U.S".

In comparing costs across 340 urban areas as compiled by the Council of Community & Economic Research, cities in Texas, Arkansas, Tennessee and Oklahoma ranked consistently high. Cities in Hawaii did not.

Take note, though. Although the BusinessWeek piece highlights inexpensive cities in which to live, a low cost of living does not necessarily correlate to a high standard of living. Cost-leader Harlingen, Texas, for example, boasts a poverty rate nearly triple the national average.

Other "Inexpensive Cities" feature similar poverty rates.

The Top 10 "cheapest cities", as shown by BusinessWeek are:

1. Harlingen, Texas
2. Pueblo, Colorado
3. Pryor Creek, Oklahoma
4. McAllen, Texas
5. Cookeville, Tennessee
6. Commerce-Hunt County, Texas
7. Brownsville, Texas
8. Fort Smith, Arkansas
9. Muskogee, Oklahoma
10. Springfield, Illinois

And, at the other end of the spectrum, the top 5 most expensive cities/areas were, in order, Manhattan, New York; Brooklyn, New York; Honolulu, Hawaii; San Francisco, CA; and Queens, New York.

Manhattan's cost of living is more than twice the national average.

The complete list is available at the BusinessWeek website.

The 50 Most Expensive Small Towns In The United States

According to the National Association of REALTORS®, foreclosures and other "distressed properties" sell at discounts of 20 percent of more. Discounts of that size affect pricing in the broader housing market, too. It's among the reasons why median home prices are dropping.

Not all markets are affected equally, however. In a recent BusinessWeek analysis, it was shown that one-third of the nation's 50 most expensive small towns experienced a median price increase between 2010 and 2011.

Topped by Sagaponack, New York -- a town of only 582 residents -- each of the cities carries a median home price of more than $1,000,000, and a total population of 10,000 or less.

The list is dominated by New York and California, with 22 and 13 entrants, respectively. The rest of the towns are spread throughout the country, including Chilmark, MA (#28), Yarrow Point, WA (#29) and Belle Meade, TN (#48).

The complete Top 10 follows:

1. Sagaponack :
   $3,406,640, -14.5%
   Jupiter Island, FL : $2,810,434 -11.3%
   Kings Point, NY : $2,379,905 +13.5%
   Los Altos Hills, CA : $2,161,255 -13.6%
   Water Mill, NY : $2,111,688 -10.0%
   Belvedere, CA :  $2,100,453 + 1.3%
   Rolling Hills, CA : $2,063,917 +7.3%
   Hidden Hills, CA : $1,871,182 +0.7%
   Sands Point, NY : $1,823,677 +9.0%
   Woodside, CA : $1,792,837 -15.7%
   $3,406,640, (-14.5% from 2010)
2. Jupiter Island, FL : $2,810,434 (-11.3% from 2010)
3. Kings Point, NY : $2,379,905 (+13.5% from 2010)
4. Los Altos Hills, CA : $2,161,255 (-13.6% from 2010)
5. Water Mill, NY : $2,111,688 (-10.0% from 2010)
6. Belvedere, CA :  $2,100,453 (+1.3% from 2010)
7. Rolling Hills, CA : $2,063,917 (+7.3% from 2010)
8. Hidden Hills, CA : $1,871,182 (+0.7% from 2010)
9. Sands Point, NY : $1,823,677 (+9.0% from 2010)
10. Woodside, CA : $1,792,837 (-15.7% from 2010)

See the complete list at the BusinessWeek website.