When choosing where to settle down and purchase a home for your family, there are so many factors to consider. Some encouragement for homeowners and those looking to purchase a home in the Greater Boston Area: Massachusetts was recently named #1 on WalletHub’s 2023 list of Top States to Raise A Family. Read more to find out why Massachusetts came out on top!
Marino & Marino, P.C. Source: WalletHubRaising a healthy, stable family sometimes requires moving to a new state. The reasons people choose to move are often similar: career transitions, better schools, financial challenges or general desire to change settings. Wants and needs don't always align in a particular state, though. For instance, a state might offer a low income-tax rate but have a subpar education system. However, families do not necessarily need to make these kinds of tradeoffs. They can avoid such problems by knowing which states offer the best combination of qualities that matter most to parents and their kids. The ideal city is one that's affordable to live in during this time of high inflation but also offers quality schools, healthcare and entertainment.
To help with the evaluation process, WalletHub compared the 50 states across 51 key indicators of family-friendliness. The data is set ranges from the median annual family income to housing affordability to the unemployment rate. We will display the top 20 states from this list below:
Ask the Experts
Not all states are created equal. Some are more conducive to pleasant family life than others. With those in mind, we asked a panel of experts to share their thoughts on the fill-in key questions:
Why should families consider when choosing a place to set down roots?
To what degree is a child's development and a family's quality of life influenced by the state in which they live? How?
How can authorities make their states more attractive to young families?
How might President Biden's proposals related to child care and paid family leave affect child and family well-being?
In evaluating the best states for families, what are the top five indicators?
Methodology
In order determine the best states to raise a family, WalletHub compared the 50 sates across five key dimensions:
Family Fun
Health & Safety
Education & Child Care
Affordability
Socio-economics
We evaluated those dimensions using 51 relevant metrics. Each metric was graded on a 100-point scale, with a score of 100 representing the most favorable conditions for family life.
Finally, we determined each state's weighted average across all metrics to calculate its overall score and used the resulting scores to rank-order the states.
As you can see, there was a lot of research done and metrics involved to rank Massachusetts #1 on the best state to raise a family. If you are fortunate enough to be located within the Greater Boston Area, and you are looking for a new family home, don't hesitate to reach out!
Marino & Marino, P.C. can ensure that your process for buying your new home is a breeze. The faster you can settle down, the faster you can begin to take advantage of all of Massachusetts' family metric benefits! Contact us and we will be happy to chat.