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Princeton has been ranked the best college town of 2015, according to financial technology company SmartAsset.

According to the company's2015 study, Princeton’s violent crime rate is second lowest within college towns, and its property crime rate is third lowest. The town’s average discretionary income is also the highest among college towns at $85,697.

Princeton is also a relatively affordable location to live in despite its proximity to both New York City and Philadelphia, two of America’s largest cities, the study said.

The company annuallyranks college towns based on factors such as unemployment rate, violent crime rate, property crime rate and average discretionary income.

Kearney, Neb., home to University of Nebraska – Kearney was ranked as the second best college town, and Cambridge, Mass., which has both MIT and Harvard, was ranked sixth.

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