Tuesday, September 12, 2017

The Single Difference: Best States for Single Parents

RECBL - Cash Buyers Lists
The Single Difference: Best States for Single Parents

RECBL - Real Estate News

Parents raising children solo have unique needs. Being a single parent requires a different life balance and a knowledge of the most appropriate areas to live and raise a child.

The needs of a single parent can be vastly different than those of two parent households.

A recent study by GOBankingRates identifies the states with the most favorable conditions for meeting those needs, including an ideal median income:

1. New Jersey
Median Household Income: $72,093
State Support: Expanded Medicaid, earned-income tax credit and paid family leave program

2. Rhode Island
Median Household Income: $56,852
State Support: Expanded Medicaid, earned-income tax credit and paid family leave program

3. Michigan
State Support: Expanded Medicaid and earned-income tax credit

Bonus: The average grocery cost and home list price in Michigan are among the lowest in the nation.

4. Washington
State Support: Expanded Medicaid, earned-income tax credit and paid family leave program (effective 2019)

Bonus: There is no state income tax in Washington.

5. Illinois
State Support: Expanded Medicaid and earned-income tax credit

Bonus: Illinois has the fourth-lowest employee contribution amount for employer-sponsored family health coverage.

Source: GOBankingRates




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