In December 30, 2008, Lancaster was named the 8th most secure place to live amongst mid-sized cities in the U.S. 127 of the most notable metropolitan areas with populations between 150,000 and 500,000 were included in the study.
The study, conducted by the 5th annual farmers insurance group, used the following criteria to come to it's conclusion:
- Crime Statistics
- Extreme Weather
- Risk of Natural Disasters
- Housing Depreciation
- # of Foreclosures
- Air Quality
- Life Expectancy
- Unemployment #'s
Lancaster's diverse community has allowed it's economy to survive due to stable home prices, low unemployment, good education and low crime. It would be the Fourth time in 5 years that Lancaster has been in the top 20 of it's study. Ranked #1 was Olympia,Washington.
This study followed Forbes Magazine ranking Lancaster as one of the best 10 places to ride out the recession and previous to that in November, Lancaster was named one of the 6 best "Save Havens in Real Estate"by Kiplinger.
Both studies credited Lancaster County's sturdy housing market & slow growth as activators against a recession. It should also be noted that Yahoo's travel site indicated that Lancaster had one of the largest page view increases on it's network.
- Metro Population: $498,465
- Median Home Price: $206,000
- 12-month change in home value: +1.6%
- Top Employer: R.R. Donnely & Sons
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