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 Fitness 10 Worst Cities for Wallet Fitness
1 Fremont, CA 173 Oxnard, CA
2 San Francisco, CA 174 Miami, FL
3 Madison, WI 175 New Orleans, LA
4 Columbia, MD 176 Gulfport, MS
5 San Jose, CA 177 Santa Ana, CA
6 Seattle, WA 178 Brownsville, TX
7 Minneapolis, MN 179 San Bernardino, CA
8 Sioux Falls, SD 180 North Las Vegas, NV
9 Bismarck, ND 181 Newark, NJ
10 Warwick, RI 182 Hialeah, 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 Owner and Publisher of What's Up Newp. He was born and raised in Rhode Island and graduated from Coventry High School. He serves as Vice President of Fort Adams Trust and serves on the Board of Directors for Potter League for Animals. Ryan also is currently the Senior Editor - North America for Mountain News, publisher of OnTheSnow. Ryan is a member of Local Independent Online News (LION) Publishers and North American Snowsports Journalists Association (NASJA).