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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.):

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

Source: WalletHub


Here are the top 5 best states to raise a family:
  1. Massachusetts
  2. Minnesota
  3. New York
  4. North Dakota
  5. Vermont

Here are the top 5 worst states to raise a family:

  1. Mississippi
  2. New Mexico
  3. West Virginia
  4. Louisiana
  5. South Carolina

To see the full list, click here.

Jay Edwards

Born and raised in Northwest NJ, Jay has a degree in Communications and has had a life-long interest in local radio and various styles of music. Jay has held numerous jobs over the years such as stunt car driver, bartender, voice-over artist, traffic reporter (award winning), NY Yankee maintenance crewmember and peanut farm worker. His hobbies include mountain climbing, snowmobiling, cooking, performing stand-up comedy and he is an avid squirrel watcher. Jay has been a guest on America’s Morning Headquarters,program on The Weather Channel, and was interviewed by Sam Champion.

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