DUSP Lecturer Ezra Glenn recently shared his research on small cities with WalletHub, including the most important factors to consider when deciding where to live. Glenn notes that to the surprise of most economists, financial factors are not the most important factors to most people in choosing a place to live. People of all incomes choose to live in places where they relate to culture, weather, history, and family before considering cost. However, the most important financial factors that come into play, he says, are cost of housing, employment options, and relative incomes in the region.
Glenn also notes that no small town is going to be the best for everyone. "Unfortunately, we live in an extremely unequal country, which makes it impossible to talk about what is best without asking, 'best for whom?'"