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

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 California (1=Best; 25=Avg.):

  • 11th – % of Families with Young Children
  • 42nd – Child-Care Costs (Adjusted for Median Family Income)
  • 2nd – Infant-Mortality Rate
  • 45th – Median Annual Family Income (Adjusted for Cost of Living)
  • 35th – Violent Crimes per Capita
  • 31st – % of Families in Poverty
  • 50th – Housing Affordability
  • 37th – Unemployment Rate
  • 12th – Separation & Divorce Rate
  • 13th – 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

This article was released by WalletHub.