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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