This New Jersey town outranked all others as the best place to live

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FILE-People walk down a street in a metropolitan area in 2022. (Photo by Spencer Platt/Getty Images)

There are many factors to consider when figuring out a place to call home. Whether it’s a city's job market, housing affordability, or diversity, the criteria are different for everyone.

Money, a financial magazine and website, recently assembled their own list of the best places to live in 2024. The borough of Metuchen, New Jersey topped their list.

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To create the list, Money compared these locations based on data including the health of the local job market, the average housing costs borne by homeowners and renters, the percentage of residents in poverty, and the quality of public schools.

Instead of ranking the cities on its list numerically, Money put them into five categories: "Suburbs with a soul," "hidden gems," "new boomtowns," "not just college towns," and "culture hubs."

According to Money, their list also highlights cities with "thoughtful policy, civic engagement, and community spirit — each with its own identity."

Here are Money's best places to live in 2024.