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Omaha was founded in 1854 and is the largest city in the state of Nebraska and the 42nd largest city in the U.S. With a population of 427,872, Omaha has a strong and vibrant business community and is home to five Fortune 500 companies. In 2008, the Kiplinger Personal Finance magazine named Omaha as the third best city to live, work, and play in the nation. Parenting Magazine ranked Omaha as one of the top ten cities for raising a family and their public school system has been identified as one of the top 20 in the United States. Two medical universities are located in Omaha.