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.

Raleigh/Durham/Chapel Hill, N.C. (1994)
Franklin Street in Chapel Hill
Raleigh/Durham/Chapel Hill, N.C. (1994)
 
1994 986,100 2.7% $140,000
2007 1,421,600 3.4% $212,000


It's no secret that the Raleigh/Durham/Chapel Hill area has a lot of gray matter, with three major universities - Duke, the University of North Carolina at Chapel Hill and North Carolina State - and the famed Research Triangle Park. In 1994 all that brainpower, plus the area's idyllic setting, job opportunities and great weather, made it our Best Place.

Today it remains a job mecca, and Triangle Park alone is home to 40,000 employees at 130 companies with a diverse group of employers in high-tech, life sciences and academe. The metro area added nearly 30,000 jobs in 2006, and Black Enterprise magazine named Raleigh/Durham the third-best area in the U.S. for African Americans in 2007. Rapid growth - before 1994 and since - has increased traffic and sprawl. Several school districts have switched to year-round schedules to help ease overcrowding, despite loud objections from parents.

Biggest development since 1994: Public and private investments worth a combined $1.8 billion will dramatically reshape Raleigh's downtown core. Construction began earlier this year.

Nashua, N.H.

Seattle

Rochester, Minn.

Raleigh, Durham, Chapel Hill

Gainesville, Fla.

Charlottesville, Va.

Sarasota
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.