Coming as no surprise to anyone who has felt the undeniable community spirit, had a child go through their excellent school system, or just enjoyed the many great local parks and events, Fuquay Varina was named to the list of nerdwallet.com’s Best Places to Raise a Family in North Carolina.
The experts at Nerd Wallet recently released the annual poll of Best Places to Raise a Family in North Carolina. It was explained in the article posted at their website that including the entire listing for 145 municipalities that they looked at across the “Tar Heel State,” that the process focused on four major subject areas to arrive at the Best Place to Raise a Family in North Carolina.
To arrive at the final rankings, Nerd Wallet columnist, Andrew Wang explained, “Data used to analyze the 145 municipalities and census-designated places with populations over 5,000 in North Carolina are from the 2015 U.S. Census Bureau’s American Community Survey. Our methodology took into account four factors:
This factor, which is 30% of the score, was calculated by averaging index scores for median home value and median selected monthly owner costs. The lower the costs, the higher the score. Fuquay showed a very manageable $196,100 median home value and homeowner costs of just $1,412 per month in this area.
Growth and prosperity
The two metrics involved were growth in family income from 1999 to 2015, and the median family income in 2015. Both were weighted equally; the higher the average, the higher a place’s score. It was 20% of the score, and this was Fuquay’s strongest area among the Best Places to Raise a Family in North Carolina, as the town has seen a 69.1 percent income and the median family income sits at $72,543.
Quality of schools
The data used in this area is from the school ratings site GreatSchools. Every place was assigned a ranking from 1 to 10. This score is 20% of the score.
This factor, which is 30% of our score, was calculated by looking at the percentage of married couples with at least one child younger than 18 and the percentage of families in poverty with at least one child younger than 5.
The affordability, safety, and overall growth and prosperity in Fuquay Varina not only earned the town a spot, once again, on the annual Best Places to Raise a Family in North Carolina, but it also is piece of mind for you and your family, supporting your decision to call the South Lakes neighborhood home for you and your family.