Monday, January 22, 2018

Parenting Pointers: Best & Worst States to Raise a Family

With fresh starts being top of mind – hiring and single-family home starts are expected to grow in 2018, for instance – the personal-finance website WalletHub today released its report on 2018's Best & Worst States to Raise a Family.
 
To determine the best states in which to put down family roots, WalletHub compared the 50 states across 42 key indicators of family-friendliness. The data set ranges from median family salary to housing affordability to unemployment rate.
 

Best States for Families Worst States for Families
1Massachusetts 41Nevada 
2Minnesota 42Georgia 
3New Hampshire 43Arkansas 
4North Dakota 44South Carolina 
5Vermont 45Oklahoma 
6Wisconsin 46Louisiana 
7New York 47West Virginia 
8Iowa 48Alabama 
9Nebraska 49Mississippi 
10California 50New Mexico 
 
Best vs. Worst

  • Minnesota has the highest median family annual income (adjusted for cost of living), $80,399, which is 1.8 times higher than in Hawaii, where it is lowest at $44,295.
     
  • Utah has the lowest divorce rate, 16.18 percent, which is 1.6 times lower than in Nevada, where it is highest at 26.57 percent.
     
  • New Hampshire has the lowest share of families living below the poverty level, 5.3 percent, which is 3.3 times lower than in Mississippi, where it is highest at 17.4 percent.
     
  • Mississippi has the lowest average annual cost of early childcare (adjusted for median family income), 6.15 percent, which is 2.3 times lower than in the New York, where it is highest at 14.12 percent.
     
  • New Hampshire has the lowest infant-mortality rate, 4.18 percent, which is 2.2 times lower than in Mississippi, where it is highest at 9.27 percent.
     
  • Maine has the fewest violent crimes (per 1,000 residents), 1.24, which is 6.5 times fewer than in Alaska, the state with the most at 8.04. 

To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/best-states-to-raise-a-family/31065/   

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