Best and Worst States for Families

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By GOBankingRates, Special for USDR

For the second consecutive year, New Hampshire ranks as the No. 1 state for families to live richer lives, finds a new study by personal finance website GOBankingRates.

Wyoming and Virginia have moved up in the rankings as the second- and third-best states for families. New Mexico saw the most dramatic decline on the list, replacing California as the worst state for families to live richer in 2017.

  • Jobs and Income: Median household income and state unemployment rate
  • Housing: Median home listing price and state property tax rate
  • Lifestyle: State tax rate, annual child care costs, cost of groceries and school district grade
  • Healthcare: Average family health insurance premium and percentage of employer contribution to employee health insurance
  • Safety: Annual Violent crime rates and property crime rates

For full study results and more details on methodology, visit: Best and Worst States for Families to Live a Richer Life

Best States to Live Richer

1. NewHampshire

  • Median Household Income: $66,779
  • Median Home List Price: $278,000
  • Violent Crimes Per 1,000 People: 1.99

2. Wyoming

  • Median Household Income: $58,840
  • Median Home List Price: $238,125
  • Violent Crimes Per 1,000 People: 2.22

3. Virginia

  • Median Household Income: $65,015
  • Median Home List Price: $299,950
  • Violent Crimes Per 1,000 People: 1.96

4. NorthDakota

  • Median Household Income: $57,181
  • Median Home List Price: $201,500
  • Violent Crimes Per 1,000 People: 2.39

5. Delaware

  • Median Household Income: $60,509
  • Median Home List Price: $260,000
  • Violent Crimes Per 1,000 People: 4.99

Worst States to Live Richer

1. NewMexico

  • Median Household Income: $44,963
  • Median Home List Price: $219,000
  • Violent Crimes Per 1,000 People: 6.56

2. Louisiana

  • Median Household Income: $45,047
  • Median Home List Price: $204,400
  • Violent Crimes Per 1,000 People: 5.4

3. California

  • Median Household Income: $61,818
  • Median Home List Price: $499,000
  • Violent Crimes Per 1,000 People: 4.26

4. Texas

  • Median Household Income: $53,207
  • Median Home List Price: $270,000
  • Violent Crimes Per 1,000 People: 4.12

5. Washington

  • Median Household Income: $51,062
  • Median Home List Price: $344,950
  • Violent Crimes Per 1,000 People: 2.84

Additional Study Insights

  • New Mexico has the highest rate of violent crimes at 6.56 per 1,000 residents and its schools have the third-lowest grade in the U.S.
  • Vermont is the safest place to live on the list with the lowest property crime and violent crime rates.
  • Massachusetts has the highest-rated schools out of the 50 states on the list.

About GOBankingRates is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets, including MSN, MONEY, AOL Finance, CBS MoneyWatch, Business Insider and dozens of others. GOBankingRates specializes in connecting consumers with the financial institutions and products that best match their needs. Start your journey toward a rich mind and full wallet with us here.

SOURCE GOBankingRates

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.
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