2023’s Best & Worst States to Raise a Family – WalletHub Study

UNDATED – With rampant inflation making raising children much more costly than usual, the personal-finance website WalletHub today released its report on 2023’s Best & Worst States to Raise a Family, as well as expert commentary.

To determine the best states in which to put down family roots, WalletHub compared the 50 states across 51 key indicators of family-friendliness. The data set ranges from the median annual family income to housing affordability to the unemployment rate.

South Dakota ranked 14th overall in the study, scoring the best in Education and Child Care, where it was 11th. The state ranked 12th for Health and Safety.

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

Best vs. Worst

  • Utah has the lowest separation & divorce rate, 15.63 percent, which is 1.7 times lower than in Nevada, where it is highest at 25.79 percent.
  • New Hampshire has the lowest share of families living in poverty, 4.60 percent, which is 3.3 times lower than in Mississippi, where it is highest at 15.00 percent.
  • South Dakota has the lowest average annual cost of early childcare (as a share of median family income), 7.05 percent, which is 1.9 times lower than in North Carolina, where it is highest at 13.32 percent.
  • Maine has the fewest violent crimes (per 1,000 residents), 1.09, which is 7.7 times fewer than in Alaska, the state with the most at 8.38.

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

People are also reading...

Weather

loader-image
Rapid City, US
4:50 am, November 23, 2024
temperature icon 24°F
overcast clouds
Humidity 88 %
Pressure 1019 mb
Wind 7 mph
Wind Gust: 0 mph
Visibility: 10 km
Sunrise: 6:59 am
Sunset: 4:20 pm
Sarah Bestgen

Market News

Share via
Copy link