February 22,2017
the staff of the Ridgewood blog
Ridgewood NJ, in a 2017’s Best & Worst States to Raise a Family Wallet hub the Study gave New Jersey high marks rating the Garden state 7th best state in the nation for raising a family.
The survey was predicted on the idea that ,”raising a healthy, stable family sometimes requires moving to a new state. And the reasons are often similar: career transitions, better schools, financial challenges or perhaps a general desire to change settings.
But wants and needs don’t always align in a particular state, which might offer, for instance, a low income-tax rate yet subpar education system. Consequently, a family must make unnecessary sacrifices — the kinds that are easily avoided by knowing which states offer the best combination of qualities that matter most to parents and their kids.
To help with the evaluation process, WalletHub’s data team compared the 50 states and the District of Columbia based on 40 key indicators of family-friendliness. Our data set ranges from “median family salary” to “housing affordability” to “unemployment rate. Read on for the complete ranking, relocation advice from experts and a full description of our methodology.”
The WalletHub analysis used 40 key indicators of family friendliness for its ranking.
The study ranked New Jersey as:
11th best in the country for the percentage of families with kids
9th best for child care costs, adjusted for median family income
4th best for infant mortality rate
10th best for median family salary (adjusted for cost of living)
13th best for violent crime rate
11th best for percentage of families below the poverty level