SmartAsset found the U.S. cities where the American Dream is most attainable, and Aurora, Ill., topped their list.
The financial firm generally defined the American Dream as a place to live out a “full and fulfilling life, surrounded by a community of people doing the same.” The company took into account homeownership rate, diversity rate, upward mobility rate, median home value, and unemployment rate.
Aurora, Ill., a Chicago suburb, topped the list for its diversity and economic mobility. Texas also dominated the list, with four cities in the top six. Odessa and Midland, Texas, placed second and third respectively, West Valley City, Utah, took the fourth spot, and Abilene and Round Rock, Texas, took fifth and sixth.
Advertisement
Related Stories
Market Data + Trends
Vacation and Investment Home Market Insights
A recent report finds beach homes to be the most sought-after vacation-home type and that the investment potential of a second home is an important factor in the purchasing decision
Affordability
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
Affordability
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable