New Jersey Is 2023’s 7th Best State to Raise a Family – WalletHub Study
Happy New Year! 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.
Raising a Family in New Jersey (1=Best; 25=Avg.):
- 17th – % of Families with Young Children
- 5th – Child-Care Costs (Adjusted for Median Family Income)
- 4th – Infant-Mortality Rate
- 4th – Median Annual Family Income (Adjusted for Cost of Living)
- 5th – Violent Crimes per Capita
- 17th – % of Families in Poverty
- 1st – Unemployment Rate
- 3rd – Separation & Divorce Rate
- 8th – Percentage of Residents Aged 12+ Who Are Fully Vaccinated Against COVID-19
For the full report, please visit:
https://wallethub.com/edu/best-states-to-raise-a-family/31065
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