The Best College Town in America

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By Douglas A. McIntyre Published
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The Best College Town in America

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College towns can be divided into at least two categories. The first is places like Gainesville, Florida. It is completely dominated by the University of Florida, one of the largest public university campuses in the state. Its total enrollment is near 60,000 students. Gainesville’s population is barely 130,000. At the other end of the spectrum are places like the University of Chicago, which is tiny compared to the country’s third-largest city.

To identify the best college town in America, 24/7 Wall St. reviewed U.S. Census Bureau data about the affordability, economic conditions, health, safety and commutability, as well as arts, entertainment and dining options, in college towns across the country. We considered cities, towns and villages with at least 30,000 residents and where at least 25% of the population is enrolled in college.

On the list we considered to pick the best, we found that highly rated college towns are spread across 21 different states, many of which are home to their state’s large, public flagship institutions. These towns tend to be relatively affordable, safe and economically prosperous. They also tend to have a wide array of entertainment, arts and dining options.

The population of a college town tends to have a much higher level of education than the typical U.S. city. People who live in these top towns have a bachelor’s degree attainment rate higher than the national rate of 32.1%, and some even rank among the most educated cities in the country.

The best college town in America is Cambridge, Massachusetts. Here are the details:

  • Colleges and universities in the area: five
  • Largest college in the area: Harvard University
  • Population enrolled in college: 25.1% (29,279)
  • Adults with a bachelor’s degree: 79.0%
  • Unemployment rate: 4.0%
  • Bars and restaurants: 205.1 per 100,000 people

In determining the best college town in America, the number of degree-granting colleges and universities (including graduate degrees) in each city or surrounding county in 2020 came from the National Center for Education Statistics. Data on enrollment by college came from the same source. The percentages of adults with at least a bachelor’s degree in each city are five-year estimates from the U.S. Census Bureau’s 2019 American Community Survey. And the number of restaurants per 100,000 county residents came from the U.S. Census Bureau’s County Business Patterns and are for 2019.

Click here to see the 30 best college towns in America.
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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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