The research ranks areas by a combination of affordability and residents’ happiness and is based on official data of house price-to-income ratios and the Life Satisfaction Index from the Office of National Statistics.
Leader of Stockton-on-Tees Borough Council, Councillor Bob Cook, said: “Positive results such as this really complement the efforts of ourselves and Tees Valley Unlimited to further put Stockton on the map as a great place to live, work and do business.
“There is plenty to be proud of across the Borough from our beautiful parks and countryside, to the great town centres and regenerated High Streets in Stockton, Thornaby, Billingham and Yarm, and of course our popular, diverse programme of events which take place throughout the year.
“What’s more, previous research named Stockton among the top 10 per cent of places in the UK to do business with particular praise given to our outstanding environment, business infrastructure and strong skills base.
“We know that times are tough for many people and we always strive to deliver the very best for our residents. It is fantastic to see the confidence in Stockton continue to go from strength to strength.”