20 years of Best Places

Money's top places have always had great schools, reasonable housing and a genuine sense of community. For many, the trick today is to maintain those virtues when everyone wants to move in. Here is an update on seven past winners.

Rochester, Minn. (1993 / 1999)
City Hall and the Mayo Civic Center, Silver Lake Park
Rochester, Minn. (1993 / 1999)
 
1993 110,300 3.6% $93,500
1999 119,100 2.2% $174,300
2007 179,600 4.3% $186,900


In 1993, Money said Rochester was bustling yet bucolic, radiating a cosmopolitan style without big-city ills. It was a leader in the region when it came to job growth, with plenty of start-up capital flowing, especially to medical-technology firms that fed off the Mayo Clinic. The clinic remains a powerhouse with more than 15,000 employees, and it continues to be a medical pioneer. Its executive-health program brings a five-star clientele of CEOs and celebrities to town, and that has spawned a growing service sector, including a brand-new International Hotel, to tend to their needs.

That's a plus, considering that IBM, which employed 7,600 in 1993, has cut its Rochester ranks to just 4,400 today. Housing in Rochester remains surprisingly affordable, and the lush green space that attracts so many people to the city has been maintained and preserved. Still, growth has its downside, namely clogged roadways and hints of sprawl.

Biggest development since 1999: Construction is under way on Rochester's first state college, and a $30 million, 10-story BioScience Center should be completed by 2009.

Nashua, N.H.

Seattle

Rochester, Minn.

Raleigh, Durham, Chapel Hill

Gainesville, Fla.

Charlottesville, Va.

Sarasota
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.