Real Estate

Columbia Named The “Best Place To Live” in US by Money Magazine

During a recent feature by Money Magazine, Columbia, Maryland was named the “Best Place To Live” in the US out of 50 other named cities and towns across the country. It is the only Maryland location that made the list this year.

Money Magazine creates the rankings by analyzing data based on 60 different factors. The study is limited to American towns with populations between 50,000 to 300,000 and examines variables such as median household income, median home prices, high school graduation rates, crime, commuting time, unemployment rates and average property taxes.

Columbia is a planned community that is celebrating its 50th year. It is the brainchild of legendary developer James Rouse and The Rouse Company, a shopping mall and community developer founded in 1956.  The company was acquired in 2004 by General Growth Properties, Inc. Residents enjoy an average commute to work of just 29 minutes, a low 3.5% unemployment rate and average property taxes of just $4,442 per year.

There has been  a flood of planned development activity for the Maryland suburb. Several developer have plans on the table which will encompass thousands of apartments, offices and new retail. Notable projects include a planned $19 million overhaul of popular Merriweather Post Pavilion.


Other local towns also made the list of fifty. Ashburn was number 22 on the list, while Hunter Mill, a quiet Fairfax County area that covers parts of Reston, Herndon, Vienna and Tysons, was number 28.

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