Recently, MoneySense Magazine announced their 2018 ranks for cities which are good places to live and retire – and Cobourg’s ranks are slipping. The table below shows the ranks for 2018 with some of the numbers from 2015 and 2017 for comparison. To calculate ranks, MoneySense looks at “Wealth and economy, affordability, population growth, taxes, commute, crime, weather, access to health care, amenities and culture.” These are weighted so that money and health get high ratings but culture and amenities are low. I would weight culture higher and maybe adjust some of the others but these are the ranks that are often quoted. You have to wonder what such rankings mean – everyone’s idea of a perfect town is different but it no doubt sells magazines.
MoneySense also tweaked the ranks this year to give more weight to health wait times and to give a higher rank to fast growing cities so it’s not really fair to compare to previous years. However, I note that the Town’s web site says: MoneySense magazine regularly lists Cobourg as ‘one of the best communities in Canada’ – I wonder which year they were looking at?
We all know that apart from taxes, Cobourg is the best place to live so it’s strange that MoneySense has a different view. MoneySense does admit that “our ranking is unable to capture the beauty of the sunsets or the passion of the local hockey team’s fans”. Translation: there are a lot of attributes that are impossible to measure – e.g. traffic, parking, walkability to mention a few.
But for what they are worth, here are Cobourg’s rankings:
|Ranks||Best Place to Live||Best Place to live – Ontario||Best Place to Retire|
|2018||194 out of 415||82 out of 150||112 out of 415|
|2017||113 out of 417||50||85 out of 417|
|2015||58 out of 209|
Another point: if everyone thought Cobourg the best, we’d be overwhelmed with people moving here. Oakville was ranked highest but with the average house priced at $1.2M (Cobourg $407K) and the average tax bill at $5.3K (Cobourg $2.7K), it would not suit many who now live in Cobourg.