Chicago is one of the most affordable big cities in the country, Money magazine says. View Full Caption Flickr/VXLA

CHICAGO — Money magazine rounded up its annual list of the best places to live in America this month, naming Chicago a "big-city bargain."

While the "best places to live" list focused on smaller towns and cities, Chicago was the largest city included on its "bargain" list, which highlighted places with populations over 500,000 based on "housing affordability, economic strength, home price forecasts and livability."

The Northwest Side's Edison Park neighborhood was Money's neighborhood pick.

"This family-friendly neighborhood combines a suburban feel with some urban advantages," the magazine states. "Home prices start around $250,000," reports Realtor Ray Mandel, and "property taxes are lower than those in nearby muni­cipalities."

While the city didn't make the cut on the "Best Places" overall or "Best Places to Walk or Bike" list, some suburbs did. Evanston was applauded for its bike-friendly streets, Naperville for its good schools and "vibrant" downtown and Palatine for its booming housing market.

Check out the full list here.

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