A bedroom community near Charlotte has claimed the title of top suburb in North Carolina.
The town of Weddington, located about 16 miles southeast of Charlotte, was selected as the “best suburb to live in” the state of North Carolina by financial news and opinion website 24/7 Wall St. The small town had a population of 10,949 people as of July 1, 2018, according to the most recent U.S. Census Bureau data.
The home-ownership rate in Weddington is 98% — well above the nationwide rate of 64%, 24/7 Wall St. says.
It pegs the median household income in Weddington at $133,262 — 165% higher than the state median. Its average commute time is listed at 31 minutes.
In South Carolina, Blythewood, located in the Columbia metro area, was named as that state’s top suburb.
To determine the best suburb in every state, 24/7 Wall St. looked at 10 factors, including commute time, home size, crime rates and income, in creating a weighted index. Suburbs ranked higher in the index if they performed particularly well in those 10 factors in comparison to the closest major city.
24/7 Wall St. considered suburbs to be cities, towns, villages, boroughs or Census-designated places with between 2,000 and 100,000 residents that fell within the boundaries of a metro area without being the principal city of that MSA. Data from the Census Bureau’s American Community Survey and the FBI’s 2018 Uniform Crime Report, among other sources, was used to compile the study.
Read the full report here.
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