Study finds Carolinas slightly below average for families wanting to live a richer life

A new study places the Carolinas near the middle of the best and worst states for families to live a richer life.

GOBankingRates surveyed all 50 U.S. states and the District of Columbia on 12 different factors to find the places families can get the most out of life.

North Carolina ranked No. 31. South Carolina came in at No. 34.

The factors span the following:

  • Jobs and income: median household income and state unemployment rate
  • Housing: median home listing price and effective state property tax
  • Lifestyle: state sales tax, 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: violent crime rates and property crime rates

The Tar heel State ranks pretty average. Housing prices, child care costs and the unemployment rate score in the middle, according to the survey.

The factors that stand out the most, however, aren’t positive. The survey found that North Carolina has the 11th-lowest median income and a school district grade that falls in the bottom third of the country.

South Carolina ranks in the top 10 best states for both housing and health care, but the survey found the state's crime rate runs high on the list, especially property crime, which is the fourth highest in the U.S.

So, where should you be moving to or moving from?

The No. 1 best state for families to live a richer life according to GOBankingRates is New Hampshire.

Between low crime rates, highly-rated schools and low child care costs, the only drawback is the state’s 2.15 percent average property tax.

Falling at No. 51, the District of Columbia has a lot of factors working against it. The survey found the U.S. capital has the fourth-highest unemployment rate and the second-highest median home price, $549,900. Ouch.

For more information, visit https://www.gobankingrates.com/personal-finance/best-worst-states-families-live-richer-life/

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