WalletHub: New Jersey is 2023’s 7th best state to raise a family

NEW JERSEY – New Jersey is 2023’s 7th best state to raise a family, according to a study done by WalletHub.

With rampant inflation making raising children much more costly than usual, the personal-finance website WalletHub today released its report on 2023’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 51 key indicators of family-friendliness. The data set ranges from the median annual family income to housing affordability to the unemployment rate.

Raising a Family in New Jersey (1=Best; 25=Avg.):

• 17^th – % of Families with Young Children
• 5^th – Child-Care Costs (Adjusted for Median Family Income)
• 4^th – Infant-Mortality Rate
• 4^th – Median Annual Family Income (Adjusted for Cost of Living)
• 5^th – Violent Crimes per Capita
• 17^th – % of Families in Poverty
• 1^st – Unemployment Rate
• 3^rd – Separation & Divorce Rate
• 8^th – Percentage of Residents Aged 12+ Who Are Fully Vaccinated Against COVID-19

To see the full list, click here.