2024’s Best & Worst States to Raise a Family – WalletHub Study

Happy New Year! With inflation cooling but still making raising children more costly than usual, the personal-finance website WalletHub today released its report on 2024’s Best & Worst States to Raise a Family.

To determine the best states in which to put down family roots, WalletHub compared the 50 states across 50 key indicators of family-friendliness. The data set ranges from the median annual family income to housing affordability to the unemployment rate.

Best States for Families Worst States for Families
1. Massachusetts 41. Arizona
2. North Dakota 42. South Carolina
3. Minnesota 43. Oklahoma
4. Nebraska 44. Nevada
5. New York 45. Louisiana
6. Maine 46. Arkansas
7. New Hampshire 47. Alabama
8. South Dakota 48. West Virginia
9. Rhode Island 49. Mississippi
10. Vermont 50. New Mexico

Best vs. Worst

  • Utah has the lowest separation & divorce rate, 1.7 times lower than in New Mexico, which has the highest rate.
  • New Hampshire has the lowest share of families living in poverty, 3.1 times lower than in Mississippi, which has the highest share.
  • South Dakota has the lowest average annual cost of early childcare (as a share of median family income), 2.5 times lower than in New York, which has the highest.
  • Maine has the fewest violent crimes per capita, 7.6 times fewer than in New Mexico, which has the most.

READ FULL ARTICLE HERE