Hoboken Among Top 9 Percent Of Small Cities To Call Home: Study

Jeff Arnold
·2 min read

HOBOKEN, NJ — After Hoboken was determined earlier this year to be one of the Top 15 places to call home in the United States, a national personal finance website has placed the city in the top 9 percent of small cities in the country to live.

In a study released this week by WalletHub, Hoboken was ranked in the 91st percentile among 1,200 cities across the country with populations between 25,000 and 100,000. The study ranked those cities on 43 key indicators of livability ranging between housing costs, the quality of schools, the quality of restaurants and bars and the percentage of positive coronavirus cases over a seven-day period per 100,000 residents.

In Hoboken’s case, the city ranked in the following categories with following the following metrics (1=Best; 634=Average)

  • 436th — Percentage of population in poverty

  • 38th – Income growth

  • 123rd — Percentage of insured population

  • 225th – Crime rate

  • 23rd – Bars per capita

The WalletHub study indicated that people are migrating out of big cities largely because of fear the spread of the coronavirus and are finding their way to smaller to mid-size cities like Hoboken.

Hoboken ranked among the top 9 percent of smaller cities to live while places like Lexington, Mass., Carmel, Ind., Brentwood, Tenn., Princeton, Wheaton, Ill., and Sugar Land, Tex. All ranked in the top 1 percent.

Hoboken finished with a score of 64.53 with an affordability ranking of 828, which, in comparison finished behind locations like Sammamish, Wash., which topped the charts with a total score of 73.5 and an affordability ranking of 146. Hoboken ranked with a 156 score in quality of life.

The WalletHub study is the second such city ranking system to designate Hoboken as a desirable place to live after 24/7 Wall Street ranked the city as the 13th best place to live in the country based on criteria such as five-year population change (4.5 percent) and five-year unemployment rate (3.4 percent). In that study, Manhattan Beach, Calif. Was selected as the best place to call home.

This article originally appeared on the Hoboken Patch