LOS ANGELES, Aug. 31, 2017 /PRNewswire/ -- New Jersey is the best state for single parents to raise children, a new study finds. Florida, Mississippi, Alabama and surrounding southern states offer the least support and financial security for single parents.
In order to determine which states are best for single-parent support, personal finance website GOBankingRates analyzed eight key factors in 50 U.S. states:
Each state's median household income
Average home listing price
Average cost of groceries for a family
Average employee contribution amount for employer-sponsored family health insurance
Annual childcare costs for an infant and 4-year-old
Whether the state offers a paid family leave insurance program
Whether the state offers an earned-income tax credit on top of the federal credit
Whether the state has adopted the Medicaid expansion under the Affordable Care Act
New Jersey Median Household Income: $72,093 (third-highest in the nation) State Support: Expanded Medicaid, earned-income tax credit and paid family leave program
Rhode Island Median Household Income: $56,852 State Support: Expanded Medicaid, earned-income tax credit and paid family leave program
Michigan Average home listing price and grocery costs are among the lowest in the nation State Support: Expanded Medicaid and earned-income tax credit
Washington No state income tax allows single parents to keep more of their pay State Support: Expanded Medicaid, earned-income tax credit and paid family leave program (effective 2019)
Illinois Fourth-lowest employee contribution amount for employer-sponsored family health coverage State Support: Expanded Medicaid and earned-income tax credit
Worst States for Single Parents to Raise Children
Florida Low median household income: $47,507 Does not offer single-parent support systems*
Mississippi Lowest median household income in the nation: $39,665 Does not offer single-parent support systems
Alabama Fourth-highest family health coverage costs: $5,606 Does not offer single-parent support systems
South Carolina Ninth-lowest median household income: $45,483 Does not offer single-parent support systems
North Carolina 10th-lowest median household income: $46,868 Does not offer single-parent support systems
*Single-parent support systems include expanded Medicaid, an earned-income tax credit or a guaranteed paid family leave program.
Additional Study Insights
Only three U.S. states offer paid family leave: New Jersey, Rhode Island and California. Washington and New York will join the list of states that offer paid family leave by 2019.
Michigan offers the lowest employee contribution amount for family health coverage of any state.
Only 19 states have yet to expand Medicaid to give more low-income families access to health coverage.
GOBankingRates.com is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets, including MSN, MONEY, AOL Finance, CBS MoneyWatch, Business Insider and dozens of others. GOBankingRates specializes in connecting consumers with the financial institutions and products that best match their needs. Start your journey toward a rich mind and full wallet with us here.
Natalie Richter, Media Relations GOBankingRates.com [email protected] 310-297-9233 x137