Aug 14, 2024, 12:00 AM
Aug 12, 2024, 1:42 PM

Massachusetts Tops in Quality of Life

Highlights
  • WalletHub ranks Massachusetts as the best state to live in.
  • The ranking is based on the state's health care and education systems.
  • Massachusetts is recognized for its high quality of life.
Story

In a recent analysis by WalletHub, Massachusetts has been recognized as the best state to live in, attributed largely to its robust healthcare system and high-quality education. The state ranked first in both education and health categories, boasting the highest percentage of insured residents at 97.3%. Additionally, Massachusetts has the lowest premature death rate in the nation and a significantly lower proportion of adults in fair or poor health compared to other states. The state's educational achievements are notable, with a high school graduation rate exceeding 90% and a median household income of over $94,000, placing it third in the country. However, despite these accolades, Massachusetts faces challenges in affordability, ranking 44th out of 50 states in this regard. A report from Bankrate highlighted that prospective homebuyers in Massachusetts need an annual income exceeding $162,000 to afford housing, raising concerns about the state's cost of living. The financial strain is prompting some residents to consider leaving the state, with a recent poll indicating that one in five individuals sees themselves moving away within the next five years. Those struggling with housing and transportation costs are particularly inclined to seek opportunities elsewhere. In the broader context of New England, Massachusetts leads the way, followed by Florida, New Jersey, Utah, and New Hampshire in WalletHub's "Best States To Live In" ranking for 2024. Maine, Vermont, and Connecticut also made the list, ranking 14th, 19th, and 22nd, respectively.

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