Thursday, April 24, 2014 · 3:36 p.m.

A list released Monday from Movoto Real Estate tapped Signal Mountain as the Best Place to Live in Tennessee among 50 of the most populous cities in the state.

Click here for the full report.

Masterminds at the Movoto Blog used seven different categories to make their decision: cost of living, crime rate, high school diploma attainment, median household income, median home value, median rent price and unemployment rate.

"With a population of just over 7,700, Signal Mountain is one of the three smallest places on our list, but this certainly does not mean it is lacking in benefits," according to the article. "In fact, the only area where Signal Mountain seems to be lacking is in its crime rate—just 708 per 100,000 residents."

Other statistics keeping Signal Mountain at the top of the list included a high school diploma attainment rate of 96 percent and some of the highest average rent prices in the state at a whopping $1,240 per month.

Only 0.3 percent of the Signal Mountain population is unemployed, according to the blog.

Brentwood, just outside of Nashville, was second place. Two Memphis communities, Bartlett and Germantown, were third and fourth, respectively. Knoxville’s Farragut community rounded out the top five.

Regionally, Middle Valley ranked 20th on the list, Harrison 31st and Soddy-Daisy 34th.

Collegedale ranked 40th, and East Ridge was 43rd on the list.

Movoto is a national real estate brokerage serving more than 30 states. Their blog has been recognized for its unique approach to city-based research by Forbes and CBS News.

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