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The city is located in the Eastside, which is a region of King County. It has been ranked twice as the best place to live in Washington State for young families and its schools consistently rank among the top ten districts in Washington. In 2014 it was second on CNN Money magazine's list of places with highest median household income behind only Bellevue. Redmond was officially incorporated on March 11, 1889, when James Aveson bought land and platted a town site with a general store at its center named "Winchester." The townsite became known as "Aveson's Addition" to distinguish it from New Seattle (later renamed Seattle), across Lake Washington; both were called "Seattle" until 1891 when residents voted to rename the latter after Hiram Gill – former mayor of Kansas City – over George R. Davis (the eventual namesake for nearby Mount Rainier).