NY ranked 24th best state to raise a family

Staff Reports Posted 18 January 2017 at 9:16 am

New York has been ranked the 24th best state to raise a family, according to the personal finance site, WalletHub.

That site used 40 indicators in its ranking which puts North Dakota as the best state and New Mexico as the the worst.

The data set ranges from “median family salary” to “housing affordability” to “unemployment rate.”

New York ranked its highest, at 12th, in the Education & Child Care category. It was also 16th in affordability. The state fared its worst, 50th, with Child Care Costs (Adjusted for Median Family Income).

New York was also 47th overall in socioeconomics – separation and divorce rate, share of two-parent families, share of families living below poverty line, wealth gap, unemployment rate, underemployment rate, and other factors.

Here are other highlights from the report about New York’s ranking:

• 24th with percent of Families with Kids

• 9th – Infant Mortality Rate

• 48th – Median Family Salary (Adjusted for Cost of Living)

• 28th – Violent-Crime Rate

• 34th – % of Families Below Poverty Level

• 46th – Housing Affordability

• 28th – Unemployment Rate

• 18th – Divorce Rate

• 48th – % of Two-Parent Families

To see the report, visit wallethub.com.

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