Fortune ranks Fountain a top city for families
Last updated 9/28/2022 at 9:48am
Fortune magazine has named Fountain among the top 25 cities in the country for families. Fountain is the only Colorado city to appear on the list, which was released early the morning of Sept. 28.
"We are pleased and delighted to make Fortune Magazine's top 25 Best Places to Live for Families 2022, and honored to represent Colorado on the list," Mayor Sharon Thompson said. "Fountain has always been a welcoming, vibrant and diverse community, that has worked hard to balance our recent growth and development while maintaining our All-America hometown feel. We are very proud of that, and I think our citizens deserve all the credit."
Fortune Well, which focuses on health, mind, family and life issues, launched the inaugural Fortune 25 Best Places to Live for Families ranking, highlighting areas in the U.S. where multigenerational families are most likely to have access to critical resources, community support, and financial well-being.
Fountain is listed at No. 23. Ann Arbor, Michigan, ranked first. See the full list here: https://fortune.com/well/ranking/best-places-families/
According to a statement from Fortune, the basis for the ranking largely has to do with multigenerational families, or the "sandwich generation."
Nearly half of Americans who are raising children under the age of 18 are also shouldering the responsibility of regularly caring for their aging parents in some capacity, according to a survey of some 1,200 respondents conducted by the Harris Poll on behalf of Fortune in August.
This so-called "sandwich generation" is the target population of the Fortune Well ranking. Location can make all the difference when Americans are managing caregiver roles. High-quality schools, reliable health care, ample senior support, and safe neighborhoods help bolster the well-being of multigenerational families and mitigate stress for caregivers.
Fortune found that seven in 10 Americans with at least one living parent say they expect to help their aging parents regularly in the future, with 88% of millennials planning to care for their baby boomer parents.
With data provided by Caring.com, CVS, Healthgrades, Sharecare, and Witlytic, Fortune evaluated some 2,000 cities, towns, suburbs, exurbs, villages, and townships that had between 25,000 and 750,000 residents across all 50 states in the U.S. in order to determine the best places to live for families within this category. Fortune found that communities in the West, Midwest, and mid-Atlantic were more likely to offer better access to quality hospitals and doctors, solid public schools, and support for older residents compared with communities in the Southeast, and at more affordable rates than most coastal metros like New York City and Los Angeles.
Fortune Well is presented by CVS Health. See the full article published by Fortune Well on Sept. 28, "The American dream is broken. The best hometowns for raising a family could offer solutions." https://fortune.com/well/2022/09/28/best-places-to-live-for-families-in-us/
"The so-called sandwich generation-people in their late thirties, forties, and fifties-is trying to do it all, juggling the needs of both their growing kids and older parents often while working full-time jobs," according to a Fortune statement. "Resources within their communities-housing, local schools, nearby colleges, quality nursing homes, assisted living communities, home health care agencies, and prompt access to solid healthcare providers-can make the difference between a family surviving or thriving. As families increasingly consider relocation to be closer to relatives, the Fortune 25 Best Places to Live for Families list gives them guidelines to help determine where they may want to land."
To select the top 25 Best Places to Live for Families, Fortune evaluated some 2,000 cities, towns, suburbs, exurbs, villages, and townships that had between 25,000 and 750,000 residents across all 50 states in the U.S. This range provided a broad universe of places that offered high-quality amenities in communities that had a hometown feel.
To analyze each place, Fortune collected more than 215,000 unique data points across five broad categories:
• Aging resources
• General wellness
• Financial health
This ranking focused on families, particularly the subset of Americans who are shouldering the responsibilities of raising their own children while caring for aging parents. With their needs in mind, Fortune put extra emphasis on factors that met the unique challenges of this cohort-such as the quality of local school districts, graduation rates, nearby college affordability, the number of quality nursing homes, assisted living communities, home health care agencies, risk of social isolation among older residents, and access to solid health care providers.
To ensure the winning places were cities and towns where residents could afford to buy homes without breaking the bank, Fortune eliminated locales with home sale prices that were more than twice as high as the state median and/or more than 2.75 times higher than the national median.
Additionally, Fortune wanted to highlight places that offered diverse neighborhoods. To that end, the editors cut any town where more than 90% of its population is white, non-Hispanic. From there, Fortune compared the racial breakdown of a place against state benchmarks, eliminating any place that was less diverse than either state or national medians.
To provide a broad range of options, the editors determined there could be no more than two places per state among the top 25 places and no more than one winner per county or major metro area within a state.
Fortune describes Fountain like this on its ranking page: "An all-American town tucked at the base of Colorado's famous Pike's Peak, Fountain delivers a good bang for your buck amid natural splendor."
"Housing prices are typically above the national average, but the area is more affordable than Denver for those who want to wake up to the equally majestic scenery," the article states. "You also won't find much of a nightlife in the laid-back suburb-but the diverse town offers families decent schools and a close-knit community feel."
For more about the methodology, see https://fortune.com/franchise-list-page/best-places-families-methodology-2022/
This isn't the Fountain's first recognition at a national level. In 1999, the New York Times said Fountain was "America's Millennium City," a nod to the city's diverse population and how it closely reflected national census statistics and American life at the end of the 20th century.
In 2002, Fountain was named an All-America City by the National Civic League. The award recognizes communities that leverage civic engagement, collaboration, inclusiveness and innovation to successfully address local issues.
– Karin Hill