topic Re: Move to This State and Improve Your Financial Health in Community Chat

Move to This State and Improve Your Financial Health

lolakimono — Mon, 03 Aug 2015 01:34:12 GMT

http://www.dailyfinance.com/2015/07/29/states-best-health-personal-finance/

http://www.nerdwallet.com/blog/credit-cards/credit-debt-habits-2015/

If you're looking to improve the health of your finances, try moving to North Dakota. Or at least avoid Georgia.

Three North Dakota cities made it into the top five slots in NerdWallet's rankingsof cities based on the financial health of residents, which was released today.

By contrast, three Georgia cities were ranked in the bottom five out of 265 cities analyzed.

Based on data from credit bureau Experian and the U.S. Census Bureau, NerdWallet's rankings reflect residents':

Debt (as measured by average consumer debt as a percentage of per capita income; average credit card debt; and percentage of homes with a second mortgage, home equity loan or both) -- 50 percent of the score

Financial management (average number of credit cards; average credit score) -- 30 percent

Spending (percentage of household income spent on housing and related costs by homeowners) -- 20 percent

Midwestern cities in general fared well, "likely due to strong economies paired with lower costs of living," NerdWallet reports.

The relatively low rankings of Southern cities -- they comprise a large percentage of the bottom 20 -- is perhaps less easily explained. Rod Griffin, Experian's director of public education, tells NerdWallet:

"Unfortunately Southern cities tend to have lower [credit] scores than Northern cities, particularly the Midwest."

The 10 cities whose residents' finances are in the best shape are:

Dickinson, North Dakota

Bismarck, North Dakota

Sioux City, Iowa

Minot, North Dakota

Moline, Illinois

Helena, Montana

Appleton, Wisconsin

Bloomington, Illinois

Rochester, Minnesota

Richland, Washington

Residents' finances are in the worst shape in:

Columbia, South Carolina

Fresno, California

Greenville, North Carolina

Tallahassee, Florida

Norfolk, Virginia

Macon, Georgia

Savannah, Georgia

San Bernardino, California

Albany, Georgia

Riverside, California

The average American carries more than $26,000 in nonmortgage debt, including about $3,800 in credit card debt, according to Experian.

Re: Move to This State and Improve Your Financial Health

Puzzle Piece — Mon, 03 Aug 2015 02:08:12 GMT

I believe it's due to the oil industry and others there that are extracting resources out of the land. Sure, jobs are created but the environment is compromised.

Re: Move to This State and Improve Your Financial Health

tansy — Mon, 03 Aug 2015 02:32:22 GMT

I could handle Richland, WA. It's a part of the Tri-Cities that border the Columbia River.

North Dakota has some gorgeous scenery and lots of not so gorgeous. Way too cold for me.

Re: Move to This State and Improve Your Financial Health

tedEbear — Mon, 03 Aug 2015 02:40:48 GMT

In ARIZONA gas is under $3.00 and milk $1.99, Oh,wait! The rest of the food is $$$, meat is awful, produce never seems just right, summer electric is $$$. OH WELL, NEVERMIND.

Re: Move to This State and Improve Your Financial Health

YorkieonmyPillow — Mon, 03 Aug 2015 04:33:10 GMT

I doubt most people would want to move to North Dakota. It gets very cold there.

Re: Move to This State and Improve Your Financial Health

hckynutjohn — Mon, 03 Aug 2015 04:51:41 GMT

Sioux City Iowa? Pulleessseee. I've been there more times than I wanted to for hockey and saw nothing that would have me moving there from good my good ole Corn State.

Re: Move to This State and Improve Your Financial Health

Desertdi — Mon, 03 Aug 2015 05:23:46 GMT

@tedEbear wrote:
In ARIZONA gas is under $3.00 and milk $1.99, Oh,wait! The rest of the food is $$$, meat is awful, produce never seems just right, summer electric is $$$. OH WELL, NEVERMIND.

My Maricopa County property tax is 1/10th of what it would be elsewhere

Re: Move to This State and Improve Your Financial Health

Kachina624 — Mon, 03 Aug 2015 06:50:07 GMT

@Desertdi wrote:
@tedEbear wrote:
In ARIZONA gas is under $3.00 and milk $1.99, Oh,wait! The rest of the food is $$$, meat is awful, produce never seems just right, summer electric is $$$. OH WELL, NEVERMIND.
My Maricopa County property tax is 1/10th of what it would be elsewhere

Yeah, but don't you have to put up with Joe Arpio?

Re: Move to This State and Improve Your Financial Health

hckynutjohn — Mon, 03 Aug 2015 07:11:08 GMT

Don't have to "put up with Joe Arpio"? He is exactly what I wish more would follow. Too many "yes men" and not near enough "MEN" that do what they say, not like others that tell you what you want to hear and then do squat.

Re: Move to This State and Improve Your Financial Health

esmeraldagooch — Mon, 03 Aug 2015 07:32:17 GMT

I agree John. Joe would be the only reason to move there.

Re: Move to This State and Improve Your Financial Health

Mom2Dogs — Mon, 03 Aug 2015 10:59:49 GMT

Agree.....he dos his job.......I like that

Re: Move to This State and Improve Your Financial Health

Desertdi — Mon, 03 Aug 2015 12:36:18 GMT

@Kachina624 wrote:
@Desertdi wrote:
@tedEbear wrote:
In ARIZONA gas is under $3.00 and milk $1.99, Oh,wait! The rest of the food is $$$, meat is awful, produce never seems just right, summer electric is $$$. OH WELL, NEVERMIND.
My Maricopa County property tax is 1/10th of what it would be elsewhere
Yeah, but don't you have to put up with Joe Arpio?

His "magnetic charm" is waning......and he's back in court in Sept (!)

Re: Move to This State and Improve Your Financial Health

eddyandme — Mon, 03 Aug 2015 14:05:39 GMT

Surprising! I always thought NY, NJ, CT and MA had the highest costs of living. I know MA has a very high cost of living index.

Re: Move to This State and Improve Your Financial Health

deepwaterdotter — Mon, 03 Aug 2015 16:18:05 GMT

The only city listed by the OP that appeals to me is Rochester, Minnesota. Premier health care options and a comfortable standard of living. Close enough proximity to Minneapolis and its many cultural/sports/shopping opportunities. We occasionally visit friends who live in Rochester.

Re: Move to This State and Improve Your Financial Health

Kalli — Mon, 03 Aug 2015 16:52:54 GMT

I already think it's too cold in my home state, not gonna move to someplace that's even colder.

Re: Move to This State and Improve Your Financial Health

tansy — Mon, 03 Aug 2015 17:02:50 GMT

@Desertdi wrote:
@Kachina624 wrote:
@Desertdi wrote:
@tedEbear wrote:
In ARIZONA gas is under $3.00 and milk $1.99, Oh,wait! The rest of the food is $$$, meat is awful, produce never seems just right, summer electric is $$$. OH WELL, NEVERMIND.
My Maricopa County property tax is 1/10th of what it would be elsewhere
Yeah, but don't you have to put up with Joe Arpio?
His "magnetic charm" is waning......and he's back in court in Sept (!)

May he be wearing pink underwear soon

....

debic — Mon, 03 Aug 2015 17:30:01 GMT

@YorkieonmyPillow wrote:
I doubt most people would want to move to North Dakota. It gets very cold there.

.....

LOL, and the summer heat is worse. The claim to fame is with wind chill 100 above to 100 below. Fishing is great tho. Did I mention how flat it is?

2 of my sisters went back 'home' after divorces. I can't imagine why, they do have 4 actual seasons tho.

Re: Move to This State and Improve Your Financial Health

Kachina624 — Tue, 04 Aug 2015 03:51:16 GMT

@Desertdi wrote:
@Kachina624 wrote:
@Desertdi wrote:
@tedEbear wrote:
In ARIZONA gas is under $3.00 and milk $1.99, Oh,wait! The rest of the food is $$$, meat is awful, produce never seems just right, summer electric is $$$. OH WELL, NEVERMIND.
My Maricopa County property tax is 1/10th of what it would be elsewhere
Yeah, but don't you have to put up with Joe Arpio?
His "magnetic charm" is waning......and he's back in court in Sept (!)

Good! Some of the stunts he's pulled are downright Inhumane. If someone wanted to keep dogs in tents in 110 degree heat, every animal lover in the country would be up in arms about it. And then there are the illegal profiled traffic stops.

Re: Move to This State and Improve Your Financial Health

Blahblahvampemer — Tue, 04 Aug 2015 14:40:25 GMT

@hckynutjohn wrote:

Don't have to "put up with Joe Arpio"? He is exactly what I wish more would follow. Too many "yes men" and not near enough "MEN" that do what they say, not like others that tell you what you want to hear and then do squat.

I've donated money to Joe. Love him to bits!!! A man who believes in the law...wow.

Re: Move to This State and Improve Your Financial Health

Blahblahvampemer — Tue, 04 Aug 2015 14:42:04 GMT

@Puzzle Piece wrote:
I believe it's due to the oil industry and others there that are extracting resources out of the land. Sure, jobs are created but the environment is compromised.

How is it compromised? At least we can fix things if something goes wrong, and the earth recovers as it always does.