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 Recent article from "The Herald" 2/25/09

‘Business Week’ calls Cornelius affordable

Looking for a nice, affordable suburb in which to live? Look no farther than the Town of Cornelius.

So say the editors of “Business Week” magazine and their data-crunching partners at On board Informatics. Data relating to affordability, as well as some other lifestyle concerns such as crime, education, pollution and commuting distances, showed Cornelius to be the nation’s seventh-most affordable community with a population between 5,000 and 60,000. Cornelius finished just behind South Weber, Utah, and just ahead of West Des Moines, Iowa. Pewaukee, Wisc. – a suburb of the somewhat better known Milwaukee – was rated as the most affordable ‘burb.

Cornelius officials were delighted with the ranking, even if it did put them behind Pewaukee. “It’s better than being in the bottom 10,” said Mayor Jeff Tarte, “and we didn’t even have to lobby for it.”

Added Town Manager Anthony Roberts, “Just be sure you note that I was town manager when it happened.”

To qualify for the ranking, towns had to fit the population guidelines (5,000 to 60,000) and be within 25 miles of one of the nation’s most populated cities. Charlotte turned Cornelius into a qualifier, and, for good measure brought Fort Mill, S.C., (number 10 in the rankings) in, too. Only for the top-ranked ‘burb in each state was listed.

Magazine editors said they “weighted a variety of factors including livability (short commutes, low pollution, green space), education (well-educated residents, high test scores), crime (low personal and property crime), economy (high job growth, low unemployment rate, high family income) and affordability (median household income, cost of expenditures), but noted that “affordability was most heavily weighted in our calculations.” The stats came from a variety of (mostly) government sources.

The “Business Week” editors noted the fact that “about 31 percent of residents (in Cornelius) are married with children,” and that “the average commute is 31 minutes.” Cornelius had a higher median household income ($87,016) than Pewaukee, but lagged behind in median household price (actually a good thing vis-à-vis affordability). Pewaukee had more households with children, a shorter commute and a lake of its own (Pewaukee Lake). On the other hand, it’s rooted to Wisconsin’s frozen tundra, so, presumably, there were some minus points for that.