Chanhassen, Minn. was named #2 on the list of Best Places To Live according to Money Magazine.
The announcement was made on NBC's Today Show Monday morning. The magazine used schools, good jobs and affordable housing along with a low crime rate to base its decision.
Boasting a population of 23,700, Chanhassen was beat out by Louisville, CO.
Money Magazine says Chanhassen's low unemployment rate and its genuine small-town feel contributed to the #2 ranking of American's best small towns.
Money also took into consideration the many lakes, parks and Minnesota's Landscape Arboretum in its rankings.
Last year Plymouth, Minn. was named the best place to live by Money Magazine.
