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Business Week Lists Folsom Among Most Affordable Suburbs

Business Week included Folsom on its on-line list of the 25 Best Affordable Suburbs in the United States in December 2006. The list included suburbs near the nation’s largest metropolitan areas that were ranked on “the winning combination of affordability, academics, safety and culture.”

Bert Sperling, co-author of Best Places to Raise Your Family: the Top 100 Affordable Communities in the U.S., helped BusinessWeek.com compile its list of the best affordable neighborhoods in the country. “We looked for places with a sense of identify and a good economy, and we excluded areas with economic problems and extremely high prices,” he said.

 

Folsom and Santa Clarita (near Los Angeles) were the only California cities to make the list.

Money Magazine Ranks Folsom Among Top Places to Live

In July 2006, Money Magazine ranked Folsom 34th among the top 100 places to live in the nation. Selection factors included cost of living, educational opportunities, job growth, crime rate, cultural amenities and weather.

Key statistics about Folsom cited on Money Magazine’s website include:

Category

Folsom Stats

Best Places average

Median household income

$83,371

$62,555

Job growth

38.95%

10.46%

Purchasing power

$50,836

$43,961

Home price gain

17.80%

9.40%

Personal crime risk

17

52

(100 is nat’l average;

lower is better)

Median age

35.0

34.3

Completed at least some college

69.3%

63.3%

 

Folsom Residents Give City High Approval Rating

 

Local residents have an overwhelmingly positive impression of Folsom, with 94% calling it an excellent or good place to live, according to data collected in a poll of registered voters. The survey was conducted in April by Fairbank, Maslin, Maullin & Associates, a professional opinion research firm.

 

Survey results show that local voters are highly satisfied with the quality of life in Folsom and also with City government’s performance providing services. Respondents gave the City high marks for public safety, parks and recreation programs, library and other services.

 

The most serious issues facing residents of Folsom are traffic, cited by 34% of the respondents, and growth and development, named by 24%.

Top priorities identified in the survey are police and fire protection, reliable water supplies, maintaining city streets, roads and parks. Other high priorities include managing growth and development, keeping taxes at affordable levels, preserving open space and managing traffic.

 

Four hundred residents participated in the telephone survey. The margin of error is +/-5.0 percentage points at the 95% confidence level. For a number of results, comparisons are drawn to the results of a 2001 City-sponsored survey to identify changes in community opinion over time.

 

Read the full survey report by clicking on the following: Community Survey Report

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