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Best and Worst States for Families to Live a Richer Life

GOBankingRates Logo By Cameron Huddleston of GOBankingRates | Slide 1 of 52: If you want to live a richer life, you don’t necessarily have to work all hours of the day to earn more to buy the best for your family. In fact, you might already be wealthier than you think if you live in a state that offers a good quality of life at a good price.To help you identify whether you’re in one of best places to live for families, GOBankingRates evaluated all 50 states. We pinpointed which ones are the best and worst by analyzing 12 factors grouped into the following five categories:Jobs and income: Median household income and state unemployment rateHousing: Median home listing price and state property tax rateLifestyle: State sales tax rate, annual child care costs, cost of groceries and school district gradesHealthcare: Average family health insurance premium and percentage of employer contribution to employee health insuranceSafety: Annual violent crime rates and property crime ratesIncome and home price received double the weight of other factors because they play a more important role in people’s ability to have a good quality of life. Click through to find out if you’re in one of the best or worst places to live a richer life.

Best and Worst States for Families to Live a Richer Life

If you want to live a richer life, you don’t necessarily have to work all hours of the day to earn more to buy the best for your family. In fact, you might already be wealthier than you think if you live in a state that offers a good quality of life at a good price.

To help you identify whether you’re in one of best places to live for families, GOBankingRates evaluated all 50 states. We pinpointed which ones are the best and worst by analyzing 12 factors grouped into the following five categories:

  • Jobs and income: Median household income and state unemployment rate
  • Housing: Median home listing price and state property tax rate
  • Lifestyle: State sales tax rate, annual child care costs, cost of groceries and school district grades
  • Healthcare: Average family health insurance premium and percentage of employer contribution to employee health insurance
  • Safety: Annual violent crime rates and property crime rates

Income and home price received double the weight of other factors because they play a more important role in people’s ability to have a good quality of life. Click through to find out if you’re in one of the best or worst places to live a richer life.

© skynesher / Getty Images
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