Over the past year, crime has spiked in many cities across the nation, instilling fears in many Americans.
Living in a safe community is something all Americans desire, but many factors play into making a town or city safe for both individuals and families.
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The crime rate is an essential determinant in the safety of a city, along with rent prices, which communities are conducive for raising a family, and even which places are best to start and expand your own business.
If crime is high, home values can decrease, while insurance costs could rise, putting unwanted stress on many individuals and families.
Additionally, businesses have to look out for robberies, theft, and even vandalism, burdening business owners with high insurance costs to keep their businesses safe. Some studies have found these costs to be as high as $12,000 or more, while the average crime loss is over $14,000.
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Despite this, there are many safe places to live or start a business in the United States, where crime rates are low.
Luckily, AdvisorSmith conducted a study to help narrow down these places for those looking for a safe living community in the US, whether large or small.
Their research looked at recent crime data from the FBI to determine the safest big cities in the US, as well as small and midsize cities.
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Here are the top 5 safest large cities in the United States.
Virginia Beach, Virginia
Home to the world’s longest pleasure beach, this suburban coastal city thrives off of tourism to drive its economy.