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Massachusetts named best state to raise a family
Massachusetts has been named the No. 1 state in the country to raise a family, according to WalletHub’s list of “2022’s Best & Worst States to Raise a Family.”
WalletHub compared all 50 states across five metrics covering family fun, health and safety, education and childcare, affordability and socio-economics. States were also compared across 51 key indicators of family-friendliness from median annual family income to housing affordability to the unemployment rate.
The Bay State took the top spot with a total score of 65.21. It ranked ninth in family fun, third for health and safety, second in education and childcare and second for affordability.
The report also ranked Massachusetts third in having the lowest infant mortality rate.
Last June, Massachusetts was named the second-best state to live in the U.S., according to WalletHub’s 2021 Best States to Live In list
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Updated: Boston Real Estate Blog 2022
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A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’
The Top 5 Best States for Millennials are:
- Washington, D.C. (also ranks highest in percentage of millennials already living there!)
- North Dakota (lowest unemployment rate)
- Minnesota (highest millennial homeownership rate)
- Massachusetts (highest percentage of millennials with health insurance coverage)
- Iowa (ranked #1 in lowest housing cost for millennials)
Below is a map with the rankings for each of the 50 states:
We recently reported on a study that set out to find out “How Much You Need to Make to Buy a Home in Your State,” which may have left you wondering what the average salaries are in each of the five states listed above.
According to WalletHub’s research, the top 5 states with the Highest Average Millennial Salaries are:
- Washington, D.C.
- New York
- Massachusetts
- Washington
- California
Every day, more and more millennials are aging into the ‘Responsibility Zone,’ the time in their lives when their responsibilities start to dictate their behaviors. For many, this includes buying a home. The top 5 states with the Highest Millennial Homeownership Rate are:
- Minnesota
- West Virginia
- Indiana
- Utah
- Delaware
Bottom Line
If owning a Boston condo is next on your list, let’s get together to answer any questions you may have and set you on the path to homeownership!
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