LendingTree's evaluation of U.S. metropolitan areas identifies the suburbs as the best places for families with children, with Salt Lake City, Minneapolis, and Cincinnati ranking highest. Analyzing median income, childcare expenses, and commute times, the research underscores the high costs associated with raising children in coastal cities like New York and Los Angeles. In contrast, the listed cities offer more affordable options, allowing families to thrive financially while ensuring access to quality schools and healthcare, making them ideal for raising children.
LendingTree's research revealed that the top cities for families are generally in the Midwest and Southern regions, emphasizing affordability and quality of life over cost-heavy coastal cities.
LendingTree's chief analyst noted that cities like New York and Los Angeles, despite their higher incomes, can be more expensive for families due to extremely high childcare costs.
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