San Francisco is super-expensive, but the people who live there can handle it.
WalletHub named San Francisco the most financially fit city, based on criteria such as credit standing, responsible spending, savings, risk exposure, and earning power. Other fiscally successful cities include Seattle, San Jose, Madison, Wis., Overland Park, Kan., Sioux Falls, S.D., and both Minneapolis and St. Paul, Minn.
Cities on the other end, ones that fare the worst, include Newark, Miami, Detroit, and New Orleans. WalletHub examined the 150 largest U.S. cities, ranked them in 27 factors, and created a composite score.
WalletFitness is about turning the country’s biggest stressor into one of your biggest strengths. It means building an excellent credit score and using the bargaining power that provides to never again overpay for financial products. It means maximizing your earning potential, minimizing debt and protecting yourself with the proper insurance coverage.
Advertisement
Related Stories
Economics
Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
Economics
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Economics
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
