It might be a bit reductive to call Austin a college town, but that's what makes it so good. It certainly benefits from the creativity and industry of college living, but there's a lot more to do than go to gentrified lunches and cool, underground shows.

Recognizing this special balance, financial website WalletHub has declared Austin the No. 1 college city in the United States for 2023, beating out some obvious contenders like Pittsburgh and Columbus, Ohio.

In addition to being the best city overall, Austin also tops the large cities list, and is one of only two Texas locales represented in the top 10 of any category; the other is College Station, No. 6 on the small list.

The most represented state, perhaps not surprisingly, is Florida, with four cities in the overall top 10. The top 10 college cities for 2023, according to WalletHub, are:

1. Austin
2. Ann Arbor, Michigan
3. Orlando, Florida
4. Gainesville, Florida
5. Tampa, Florida
6. Rexburg, Idaho
7. Provo, Utah
8. Scottsdale, Arizona
9. Miami
10. Raleigh, North Carolina

And how did Austin make the grade? WalletHub looked at key metrics across three categories to determine the rankings.

Austin scored best, No. 12, in the “social environment” category, determined by metrics like students per capita; breweries, cafés, and food trucks per capita; and safety issues like vaccination and crime statistics.

Its ranking at No. 21 in the “academic & economic opportunities" category puts it in the 95th percentile, even above Boston and Cambridge, Massachusetts, famous for their Ivy League prevalence.

And perhaps unsurprising to those who currently reside in Austin, the Capital City ranked worst in "wallet friendliness,” at No. 204 out of 415.

Elsewhere in Texas, El Paso did well on the overall list at No. 36, followed by Houston (No. 64), Dallas (99), Fort Worth (153), and San Antonio (169).

Dallas landed well down the list in every category: wallet friendliness (226), academic & economic opportunities (168), and social environment (147).

Fort Worth fell even farther down the list in the same categories: wallet friendliness (242), academic & economic opportunities (201), and social environment (149).

Notably, cities that tend to fall lower in similar studies ranked relatively well among college towns.