General Business

WalletHub: New Jersey is 2019’s 8th Best State to Raise a Family

With fresh starts in mind – hiring is up with the lowest unemployment rate in close to fifty years yet single-family housing starts are on a slight downward trend, for instance – the personal-finance website WalletHub released its report (which can be found here) on 2019’s Best & Worst States to Raise a Family as well as accompanying videos.

Raising a healthy, stable family sometimes requires moving to a new state. And the reasons for moving are often similar: career transitions, better schools, financial challenges or a general desire to change settings.

But wants and needs don’t always align in a particular state. For instance, a state might offer a low income-tax rate but have a subpar education system. However, families do not 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.

To help with the evaluation process, WalletHub compared the 50 states across 49 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 our panel of experts and a full description of our methodology.

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

  • 11th – Percent of Families with Young Kids
  • 16th – Child-Care Costs (Adjusted for Median Family Income)
  • 4th – Infant-Mortality Rate
  • 3rd – Median Family Salary (Adjusted for Cost of Living)
  • 8th – Violent-Crime Rate
  • 14th – % of Families in Poverty
  • 4th – Separation & Divorce Rate

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