The Best States to Raise a Family In

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The Best States to Raise a Family In | Latina on Real Estate

Hispanics, in general, are very family oriented. As mentions,The needs of the family are more important than the concerns of the individuals, and the individual’s self-esteem and identity is strongly affected by his or her relationship with family members.” Keeping family in mind as a priority, WalletHub recently conducted an analysis of ‘2017’s Best & Worst States to Raise a Family.’

In their analysis, they compared all 50 states and the District of Columbia based on 40 key indicators of family-friendliness. Indicators of family-friendliness included things like median family salary, housing affordability, and unemployment rate.

Here are the top 5 states for most-affordable housing:

  • Iowa
  • Nebraska
  • North Dakota
  • South Dakota
  • Kansas

Here are the top 5 states for least-affordable housing:

  • Massachusetts
  • New Jersey
  • California
  • Hawaii
  • District of Columbia

Best vs. Worst

  • Wyoming has the highest median family annual income (adjusted for cost of living) at $79,732, which is 1.7 times greater than that of Hawaii where it is lowest at $48,111.
  • New Hampshire has the lowest share of families living below the poverty level at 5.6%, which is 3.1 times lower than the share in Mississippi where it is highest at 17.6%.
  • Mississippi has the lowest child-care costs (adjusted for median family income) at 6.16%, which is 2.8 times lower than that in the District of Columbia where they are highest at 15.41%.

In general, these are the top 10 states for families:

  1. North Dakota
  2. New Hampshire
  3. Vermont
  4. Minnesota
  5. Nebraska
  6. Massachusetts
  7. New Jersey
  8. Iowa
  9. Connecticut
  10. South Dakota

Bottom line

If the wellbeing or your family is your top priority, and you are planning to make a move, call your local real estate professional today so you can raise your family in the state they deserve.

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