Hispanics, in general, are very family oriented. As Livestrong.com 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:
- North Dakota
- New Hampshire
- Vermont
- Minnesota
- Nebraska
- Massachusetts
- New Jersey
- Iowa
- Connecticut
- 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.