Cleveland Near Bottom of Wallet Health, Study Finds

Courtesy Vic Gideon/WTAM

(CLEVELAND) Cleveland ranked fourth worst of more than 180 cities for "WalletFitness" according to personal-finance website WalletHub.  WalletFitness means you’re in a stable financial position, able to comfortably meet existing obligations as well as plan for the future.  WalletHub compared the U.S. cities across 32 key metrics – ranging from unemployment, poverty and foreclosure rates to income volatility and savings habits – to see where people are in the best and worst financial shape. 

Here's the Top 10

1. Fremont, CA

2. Shreveport, LA

3. Seattle, WA

4. Fayetteville, NC

5. San Francisco, CA

6. El Paso, TX

7. San Jose, CA

8. Columbus, GA

9. Madison, WI

10. Newark, NJ

Best vs. Worst

  • Gilbert, Arizona, has the highest median household income (adjusted for cost of living), $90,085, which is 3.5 times higher than in Hialeah, Florida, the city with the lowest at $25,474.
  • Detroit has the lowest median credit card debt per person, $1,690, which is 2.5 times lower than in Juneau, Alaska, the city with the highest at $4,166.
  • Pearl City, Hawaii, has the lowest share of uninsured residents, 3.3 percent, which is 10.1 times lower than in Brownsville, Texas, the city with the highest at 33.4 percent.
  • Fargo, North Dakota, has the lowest foreclosure rate, 0.0077 percent, which is 18.2 times lower than in Baltimore, the city with the highest at 0.1401 percent.

Click for more.

© 2018 iHeartMedia   Photo Courtesy Vic Gideon/WTAM

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