Homeownership is still considered vital to the American dream. But for many Americans, joining that dream also means living in a place of economic opportunity and diverse communities.
SmartAsset, a personal finance resource, ranked the best places for living the American dream by looking at five key metrics: homeownership rates, diversity rates, upward mobility rates, median home values, and unemployment rates.
According to the study’s findings, the American dream is being achieved the most in Texas. Half of the cities in SmartAsset’s top 10 are located in Texas. Texas cities tend to have affordable homes and plentiful jobs, which drives down the unemployment rate and improves upward economic mobility.
Source: “The Best Cities for Living the American Dream in 2018,” SmartAsset (May 2, 2018)
