Americans who are thinking of relocating to another state have a lot to consider before loading the moving van because each has its own benefits and disadvantages. A new study from the personal finance website WalletHub finds that some states stand out with the benefits they offer, while others are more notable for their drawbacks. "When deciding on a place to move, you should first consider financial factors like the cost of living, housing prices and job availability," Cassandra Happe, a WalletHub analyst, said in a statement. Happe noted, however, that many states have strong economies, so a wide variety of other factors come into play, such as health and safety considerations and whether there is adequate access to preferred activities. "If you have children, a robust education system is also key." In order to determine the best and worst places to live in, WalletHub compared the 50 states across these key dimensions:
Researchers evaluated those dimensions using 51 relevant metrics, and graded each one on a 100-point scale, with a score of 100 representing the most favorable living conditions. See the gallery for the 12 best states to live in, according to WalletHub.
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Sponsored by Allianz Life Insurance Company of North America and Allianz Life Financial Services LLC
Can Systematic Risk Be Reduced?