With holiday shopping inching us closer to a record year for credit card debt and resolution season not far off, the personal-finance website WalletHub today released an in-depth report on 2017’s Best & Worst Cities for Wallet Fitness.

Wallet Fitness is about turning the country’s biggest stressor – money, according to the American Psychological Association – into one of your biggest strengths. Reaching top Wallet Fitness means you’re in a stable financial position, able to comfortably meet existing obligations as well as plan for the future.

With that in mind, WalletHub compared more than 180 U.S. cities across 29 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. You can find a handful of highlights below.

10 Best Cities for Wallet Fitness10 Worst Cities for Wallet Fitness
1Fremont, CA173Oxnard, CA
2San Francisco, CA174Miami, FL
3Madison, WI175New Orleans, LA
4Columbia, MD176Gulfport, MS
5San Jose, CA177Santa Ana, CA
6Seattle, WA178Brownsville, TX
7Minneapolis, MN179San Bernardino, CA
8Sioux Falls, SD180North Las Vegas, NV
9Bismarck, ND181Newark, NJ
10Warwick, RI182Hialeah, FL

Best vs. Worst

  • Columbia, Maryland, has the highest median household income (adjusted for cost of living), $87,240, which is 3.4 times higher than in Hialeah, Florida, the city with the lowest at $25,850.
  • Detroit has the lowest median credit card debt per person, $1,750, which is 2.4 times lower than in Juneau, Alaska, the city with the highest at $4,122.
  • Burlington, Vermont, has the lowest share of unbanked/underbanked households, 12.9 percent, which is 3.3 times lower than in San Antonio, Texas, the city with the highest at 42.6 percent.
  • Pearl City, Hawaii, has the lowest share of uninsured residents, 3.8 percent, which is 9.1 times lower than in the Brownsville, Texas, the city with the highest at 34.6 percent.
  • New York has the lowest foreclosure rate, 0.0088 percent, which is 30.9 times lower than in the North Las Vegas, Nevada, the city with the highest at 0.2717 percent.

To view the full report and your city’s rank, visit: https://wallethub.com/edu/best-cities-for-walletfitness/2862.

Ryan Belmore is the Publisher of What'sUpNewp. 
Belmore has been involved with What’sUpNewp since shortly after its launch in 2012, proudly leading it to be named Best Local News Blog in Rhode Island by Rhode Island Monthly readers in 2018, 2019, and 2020 and an honorable mention in the Common Good Awards in 2021.

Born and raised in Rhode Island, Belmore graduated from Coventry High School and the Community College of Rhode Island. In addition to living in Newport for 10 years, he has lived in Portsmouth, Coventry, Providence, Smithfield, Burrillville, and East Greenwich.

Belmore currently serves as Vice President of the Board Of Directors for Fort Adams Trust and on the Board of Directors for Potter League For Animals. He previously served on the Board of Lucy's Hearth and the Arts & Cultural Alliance for Newport County.

Belmore and his wife, Jen, currently live in Alexandria, Virginia, a move they made in 2021. Read more about that here - https://whatsupnewp.com/2021/09/letter-from-the-publisher-some-personal-news/

Belmore visits Newport every couple of weeks to support the 12+ paid contributors What'sUpNewp has on the ground across Rhode Island, a place he called home for 39 years.

Belmore is a member of Local Independent Online News (LION) Publishers, Society of Professional Journalists, and the North American Snowsports Journalists Association.

In 2020, Belmore was named Member of the Year by LION and won the Arts & Cultural Alliance of Newport County's Dominque Award.
Belmore can be contacted at ryan@whatsupnewp.com and 401-662-1653.