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Image shows an aerial view of Chapel Hill, North Carolina. SmartAsset analyzed data from various sources to identify and rank the most livable college towns in the U.S.

The closure of college campuses in 2020 stoked fears about whether college towns around the country could endure the economic instability wrought by COVID-19. The smaller the town, the more precarious the economic situation. A SmartAsset study from 2020 found that the 11 most vulnerable college towns all had populations of 125,000 or less. But despite the recent challenges, college towns have forged ahead and remain viable places to live and work.

To find the most livable college towns, we studied 116 cities and towns around the country and compared them across eight metrics: median household income; housing costs as a percentage of median household income; concentration of restaurants and entertainment establishments; average commute time; percentage of households with internet access; unemployment; property crime and violent crime. For details on our data sources and how we put all the information together to create our final rankings, read the Data and Methodology section below.

Key Findings

  • The most livable places are also the most affordable. All 10 college towns at the top of our list rank in the top 30 for housing costs as a percentage of median household income. While the average percentage for this metric across the entire study is over 25%, the average across the top 10 towns is 20%.
  • Midwestern college towns take the lead. The No. 1 most livable college town may be in the South (Chapel Hill, North Carolina) but the Midwest is the region most represented at the top of our rankings. Of the top 25 college towns in our study, 13 are in the Midwest. Relative to all 116 college towns we examined, these 13 Midwestern towns tend to have low June 2021 unemployment rates, low housing costs as a percentage of income and high concentrations of restaurants and bars.

Image is a map by SmartAsset titled "Top 10 Most Livable College Towns."

1. Chapel Hill, NC

Home to the University of North Carolina, Chapel Hill takes the No. 1 spot. The college town ranks in the top 25 for seven of the eight metrics used in this study, including seventh-lowest violent crime rate. Chapel Hill also has the 22nd-highest median household income ($73,614) and 22nd-highest concentration of restaurants and entertainment establishments (11.03%). It has the 19th-lowest housing costs as a percentage of median household income (21.35%).

2. Eau Claire, WI

This town of 68,000 residents is home to the University of Wisconsin-Eau Claire and has the 16th-highest concentration of restaurants and entertainment establishments across our study (11.45%). Eau Claire also ranks eighth-best for relatively low housing costs as a percentage of median income (19.84%). Its average commute time of 16.2 minutes is 14th-best across our study.

3. Oshkosh, WI 

Home to the University of Wisconsin-Oshkosh, this town of nearly 67,000 residents ranks highly for housing costs that are just 19.69% of the median household income, sixth-lowest across our study. Oshkosh also has the 12th-highest concentration of restaurants and entertainment establishments (11.95%). With a relatively low property crime rate (15th-lowest) and June 2021 unemployment rate (21st-lowest), Oshkosh is the No. 3 most livable college town according to our metrics.

4. Cedar Falls, IA

With the University of Northern Iowa in town, residents of Cedar Falls benefit from commute times that average just 14.7 minutes (sixth-best) and housing costs that are only 19.11% of median household income, fourth-best across our study.

5. Rochester Hills, MI

Home to Rochester University and Oakland University, this city of 74,000 residents has the lowest violent crime rate among all 116 towns in our study and the lowest housing costs as a percentage of median household income (17.18%). Rochester Hills also has the ninth-highest median household income ($93,953), second-lowest property crime rate and 13th-highest percentage of households with internet access (91.48%).

6. Madison, WI

The third of three Wisconsin college towns in our top 10, Madison ranks particularly well for its 3.5% unemployment rate, 11th-lowest across our study. Home to the University of Wisconsin’s flagship campus, Madison has the 24th-highest concentration of restaurants and entertainment establishments (10.96%). Madison also ranks in the top 30 for median household income ($65,332), housing costs as a percentage of median household income (22.57%) and percentage of households with internet access (88.67%).

7. Edmond, OK

Home to the University of Central Oklahoma and Oklahoma Christian University, the city of Edmond has the 15th-highest median household income across all 116 cities in our study ($81,473). Meanwhile, housing costs are just 18.31% of the median household income, which is the third-lowest percentage overall. Edmond also ranks 11th-best for percentage of households with internet access (91.64%).

8. Orem, UT

With the second-lowest unemployment rate (2.8%) and the fifth-lowest violent crime rate, Orem is among the top-rated college towns in the U.S. Home to Utah Valley University, Orem’s housing costs are just 20.49% of the median household income, 11th-best across our study.

9. Waltham, MA

This suburb of Boston, Massachusetts is home to both Bentley University and Brandeis University. Waltham has the eighth-highest median income ($95,964) and fourth-lowest property crime rate. The city also ranks in the top 30 for its low violent crime (19th overall) and housing costs as a percentage of median income (22.36%), 27th overall.

10. Bothell, Washington

Located about 20 miles northeast of Seattle, Bothell is home to both the University of Washington-Bothell and Cascadia College. This city of nearly 46,000 residents has the fifth-highest median income across our study ($99,965) and second-lowest violent crime rate. Bothell is also sixth for the percentage of households with internet access (92.21%).

Image is a table by SmartAsset titled "2021 Edition: Most Livable College Towns."

Data and Methodology

To rank the most livable college towns in America, SmartAsset pulled data for all U.S. cities with a population of at least 40,000 and at least one four-year college or university. We then looked at the total number of undergraduate students enrolled in local schools and taking in-person classes and compared that figure to the city population.

We found the towns where students made up more than 10% of the population, removing all other cities and towns from our list. This left us with a total of 116 college towns, which we compared across eight metrics:

  • Median household income. Data comes from the Census Bureau’s 2019 5-year American Community Survey.
  • Housing costs as a percentage of median household income. This is median annual housing costs divided by median household income. Data for both metrics comes from the Census Bureau’s 2019 5-year American Community Survey.
  • Concentration of restaurants and entertainment establishments. This is the percentage of all establishments that are restaurants, bars or entertainment establishments. Data comes from the Census Bureau’s 2019 County Business Patterns series.
  • Average commute time. Data comes from the Bureau of Labor Statistics (BLS).
  • Percentage of households with internet access. Data comes from the Census Bureau’s 2019 5-year American Community Survey.
  • June 2021 unemployment rate. Data comes from the BLS and is at the county level.
  • Property crime rate. This considers the number of property crimes per 100,000 residents. Data comes from the FBI and is for 2019.
  • Violent crime rate. This measures the number of violent crimes per 100,000 residents. Data comes from the FBI and is for 2019.

First, we ranked each town in every metric. Average commute time, percentage of homes with internet access, property crime rate and violent crime rate were all given a half weighting. The other four metrics were given a full weighting. We then found each city’s average ranking and used the average to determine a final score. The city with the highest average ranking received a score of 100. The city with the lowest average ranking received a score of 0.

Home Buying Tips if You’re Considering Living in a College Town

  • Know your limits. Experts recommend devoting between 25% and 30% of your income to your housing expenses. Go over the 30% threshold and you’ll be considered “housing burdened.” Using SmartAsset’s mortgage calculator you can determine how much house you can afford while spending no more than 30% of your income on housing. Perhaps renting still makes more sense. Our rent vs. buy calculator can help you figure it out.
  • Work with a professional. Whether you’re an incoming student, instructor or loved one, if you’re hoping to save up for a new home closer to campus, a financial advisor can help you create a plan to save and invest your money most effectively. SmartAsset’s free tool can match you with up to three advisors in your area in as little as five minutes. If you’re ready to find an advisor, get started now.

Questions about our study? Contact press@smartasset.com.

Photo credit: ©iStock.com/Ryan Herron

Patrick Villanova Patrick Villanova is a writer for SmartAsset, covering a variety of personal finance topics, including retirement and investing. Before joining SmartAsset, Patrick worked as an editor at The Jersey Journal. His work has also appeared on NJ.com and in The Star-Ledger. Patrick is a graduate of the University of New Hampshire, where he studied English and developed his love of writing. In his free time, he enjoys hiking, trying out new recipes in the kitchen and watching his beloved New York sports teams. A New Jersey native, he currently lives in Jersey City.
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