Known as a vacationer's paradise, with gorgeous beaches, awesome wineries, the National Cherry Festival, and more-- Traverse City is also being recognized as a fantastic place to stay year round.

Out of 227 beach communities across America, Traverse City has been named the No. 4 city in which to live in 2017 by Wallethub

The personal finance website compared the cities across 49 key indicators of livability, from housing costs to shar of for-sale waterfront homes, to quality of beach water.

Wallethub ranked Traverse City 7th in the "Quality of Life" category, 113th in "Education and Health", 92nd in "Economy", 15th in "Safety", 49th in "Weather", and 139th in "Affordability. Traverse City came in with an overall score of 64.35, nabbing the No. 4 spot on the list.

Here's the rest of Wallethub's top 10:

  1. Naples, FL
  2. Key West, FL
  3. Eden Prairie,
  4. Traverse City, MI
  5. St. Augustine, FL
  6. Charleston, SC
  7. Marco Island, FL
  8. Key Biscayne, FL
  9. Boca Raton, FL
  10. Duluth, MN