MONTEREY PARK (CBSLA) — A small San Gabriel Valley city is being recognized in a big way.

Monterey Park came in at No. 3 on Money Magazine’s annual list of the best places to live in America, thanks to its good schools, neighbors, and growing economy.

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According to the Money Magazine, the city boasts a high school graduation rate of 92.3 percent, and projected job growth in the area is 4.7 percent.

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The city has long been an immigrant enclave, a factor noted by the magazine as contributing to Monterey Park’s reputation as a “foodie haven” where “you’ll find everything from dim sum to tortas to Hong Kong-style cafes within minutes of one another.”

Other Southern California cities that made the list were Santa Monica at No. 18 and Los Alamitos at No. 60.

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The magazine named Fishers, Indiana as the best city to live in the U.S., followed by Allen, Texas.