Troy is Tops Among Michigan Towns for Young Families

Troy racked up another media honor this week, as nerdwallet.com, a personal finance website, named the city as best in the state to raise a young family.

The website used three main criteria in ranking the communities: Quality of public schools, cost of living and the community's economy and growth.

"Education here is phenomenal. Not just one but in fact all of the district’s schools has earned a Blue Ribbon from the Department of Education. That’s a grade-A education from kindergarten to senior year of high school," Anderson wrote.

The rankings also took into account the following figures:

• Median home value: $237,000
• Monthly owner costs: $2,002
• Median household income: $85,946
• Growth from 1999-2011: 10.8 percent