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Like many places near Detroit, Troy suffered during the recession, but good times seem to be back. Auto companies' profits are rising and formerly vacant office space in Troy is filling up. Detroit's woes mean housing in the area is a bargain: The median home price is just $166,000, and property taxes are ultralow. That's a pretty good deal for a city that's been rated the safest in Michigan for 10 of the past 14 years, has great schools and the best community sports program in the state. -- L.M.
Notes:
*County data
Due to erroneous job, cost-of-living, and test score stats for a small number of places, this city's rank changed slightly from an earlier version.
Details.
Due to an error by our data provider, an earlier version listed incorrect stats for this city's number of colleges.
(I) Income tax notes:
17 states have statutory provision for automatically adjusting to the rate of inflation the dollar values of the income tax brackets, standard deductions, and/or personal exemptions. Massachusetts, Michigan, and Nebraska index the personal exemption only. Oregon does not index the income brackets for $125,000 and over. Because the inflation adjustments for 2012 are not yet available in some cases, the table may report the 2011 amounts. In Michigan, includes an additional exemption of $600 for children age 18 and under. Tax rate scheduled to decrease to 4.25% on 10/1/13.
Using statistics from data services company Onboard Informatics, we crunched the numbers in order to zero in on America's best small cities for families. (Last year, we looked at small towns, with populations between 8,500 and 50,000.)
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