Colorado Springs was named the fifth-best place to live by U.S. News and World Report.

Denver topped the magazine's annual rankings of Best Places to Live in the USA.

Other cities in the top five are Austin, Texas, Fayetteville, Ark., and Raleigh-Durham, N.C. 

Colorado Springs was lauded for its low cost of living, a low unemployment rate and its wide variety of recreation and entertainment options.

"This Colorado city, which is filled with natural wonders of its own, has the additional allure of proximity to ski resorts like Aspen and Vail without the associated steep costs of living and high levels of traffic," said the magazine's profile.

U.S. News analyzed 100 cities in the United States to find the best places to live based on quality of life and the job market in each city, as well as the value of living there and people's desire to live there. Colorado Springs ranks as fifth with an overall score of 7.4 out of 10.

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