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How much does it cost to live the American Dream?
Lynette Khalfani Cox, CEO of the Money Coach shares how the high cost of living is impacting families in the US.
NEW YORK - The personal-finance website WalletHub released its report on 2024’s Best & Worst States to Have a Baby – where do you think NY, NJ and CT ranked?
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WalletHub compared the 50 states and the District of Columbia across 31 key measures of cost and health care accessibility, as well as baby- and family-friendliness.
"The best states for having a baby minimize costs while providing top-notch care for both newborns and their mothers," wallethub analyst Cassandra Happe said.
- MORE: These NY, NJ, CT cities named best US places for families to live
- MORE: These are the best places to raise a family in the NYC area
Here's where New York, Connecticut and New Jersey ranked on the list:
New York
- Overall rank: 12
- State total score: 58.77
- Cost rank: 50
- Health Care rank: 18
- Baby-friendliness rank: 9
- Family-friendliness rank: 5
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Connecticut
- Overall rank: 15
- State total score: 58.04
- Cost rank: 45
- Health Care rank: 13
- Baby-friendliness rank: 13
- Family-friendliness rank: 12
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'Best places to live'
U.S. News & World Report has released their list of the "Best Places to Live in the U.S. in 2024-2025."
New Jersey
- Overall rank: 27
- State total score: 51.51
- Cost rank: 48
- Health Care rank: 28
- Baby-friendliness rank: 17
- Family-friendliness rank: 17
Massachusetts ranked first overall, followed by North Dakota and Minnesota. Mississippi finished last.
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Where does NY, NJ rank for best states to live a long, healthy life?
A new study by Life Extension found Hawaii was the best state to live in for a long and healthy life. Here's where New York and New Jersey ranked on the list.
"They [the best states] also continue to be good environments for parents even long after the birth, with high-quality pediatric care, affordable and accessible child care, and a strong economic environment that makes providing for a child easier," Happe said.
To see the full list, click HERE.