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2018’s Best & Worst Cities for WalletFitness – WalletHub Study

With shopping during the holiday season sure to increase America’s already staggering credit card debt and resolution season not far off, the personal-finance website WalletHub today released its report on 2018’s Best & Worst Cities for WalletFitness as well as accompanying videos.

WalletFitness is about turning the country’s biggest stressor – money, according to a study by Northwest Mutual – into one of your biggest strengths. Reaching top WalletFitness means you’re in a stable financial position, able to comfortably meet existing obligations as well as plan for the future.

With that in mind, WalletHub compared more than 180 U.S. cities across 32 key metrics – ranging from unemployment, poverty and foreclosure rates to income volatility and savings habits – to see where people are in the best and worst financial shape. You can find a handful of highlights below.

10 Best Cities for WalletFitness
1 Fremont, CA
2 Seattle, WA
3 San Francisco, CA
4 San Jose, CA
5 Madison, WI
6 Boise, ID
7 Minneapolis, MN
8 Overland Park, KS
9 Orlando, FL
10 Pearl City, HI

10 Worst Cities for WalletFitness
173 Shreveport, LA
174 Fayetteville, NC
175 El Paso, TX
176 Columbus, GA
177 Newark, NJ
178 Laredo, TX
179 Cleveland, OH
180 Gulfport, MS
181 Brownsville, TX
182 Hialeah, FL

Best vs. Worst
Gilbert, Arizona, has the highest median household income (adjusted for cost of living), $90,085, which is 3.5 times higher than in Hialeah, Florida, the city with the lowest at $25,474.

Detroit has the lowest median credit card debt per person, $1,690, which is 2.5 times lower than in Juneau, Alaska, the city with the highest at $4,166.

Pearl City, Hawaii, has the lowest share of uninsured residents, 3.3 percent, which is 10.1 times lower than in Brownsville, Texas, the city with the highest at 33.4 percent.

Fargo, North Dakota, has the lowest foreclosure rate, 0.0077 percent, which is 18.2 times lower than in Baltimore, the city with the highest at 0.1401 percent.

To view the full report and your city’s rank, please visit:
https://wallethub.com/edu/best-cities-for-walletfitness/2862

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