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PHOENIX - The city of Oro Valley is the best town for young Arizona families based on a recent report by a financial firm.

According to Nerd Wallet, Oro Valley, which is located approximately 15 miles north of Tucson, was ranked the best town for young Arizona families due to its amount of high tech firms and a good median household income.

The town is home to a dozen high-tech firms, emerging as a regional center for the biotech industry and providing for lucrative employment opportunities. Oro Valley is distinguished by attractive qualities such as a median household income that is nearly 50% higher than the US median, a #1 FBI safety ranking in the state of Arizona and an excellent school district.

The report looked at three different factors to rank the cities around the state: schools, cost of living and town growth and prosperity.

The cities of Scottsdale, Buckeye, Peoria and Chandler were also on the list.

"One thing that kept Scottsdale from hitting number one was that homes are a little bit more expensive," said Nerd Wallet analyst Mike Anderson. "Then again, income is high enough that the cost of living is reasonable."

The mediocrity of Phoenix's public school system kept the city off the list, Anderson said.,

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