If you want to live a richer life, you don’t necessarily have to work all hours to buy the best for your family. In fact, you might be wealthier than you think if you live in a state that offers a good quality of life at a good price.
To help you identify whether you’re in one of the best places to live for families, GOBankingRates evaluated all 50 states. The study pinpointed which ones are the best and worst by analyzing 12 factors grouped into the following five categories:
Jobs and income: Median household income and state unemployment rate
Housing: Median home listing price and state property tax rate
Lifestyle: Combined state and average local sales tax rate, annual child care costs, cost of groceries and school district grades
Healthcare: Average family health insurance premium and percentage of employer contribution to employee health insurance
Safety: Annual violent crime rates and property crime rates
Income and home price received double the weight of other factors because they play a more important role in people’s ability to have a good quality of life.
Click through to see if your state is one of the best to live a richer life.
This article originally appeared on GOBankingRates.com: Best and Worst States for Families to Live a Richer Life