US Cities With the Lowest Child Poverty Rates


More than 40 million Americans live below the poverty line, and of those facing such financial hardship, children are disproportionately affected. Nearly 12.6 million children under age 18 live in households with poverty level income. 

Not only are children at higher risk of poverty, they are also especially vulnerable to poverty’s harmful effects, both in the immediate and long-term. Childhood poverty can negatively impact brain development and has been linked with a greater likelihood of chronic illness, shorter life expectancy, and poor emotional and behavioral health. Those who spend some or all of their childhood in poverty are also less likely to succeed in school or be financially secure later in life. 

Nationwide, an estimated 17.5% of children under age 18 live below the poverty line. And though the United States has one of the worst child poverty rates among wealthy, developed countries, in parts of the U.S., child poverty is nearly non-existent.

Using data from the U.S. Census Bureau, 24/7 Wall St. identified the 50 U.S. cities – defined as places with populations of at least 25,000 – with the lowest child poverty rates. 

In every city on this list, less than 3% of children live below the poverty line. The places on this list span the country, though nine are located in California, the most of any state. Here is a look at the income a family needs to cover normal living expenses in every state. 

Not only is serious financial hardship less common in these places than in much of the country, but families also tend to be relatively well off. In each of the 50 cities on the list, the median income among households with children is over $100,000, exceeding the comparable national median of $77,445. Here is a look at the richest town in every state

Households with two parents are more likely to be financially secure than those headed by a single parent. Single-mother households are especially vulnerable to financial insecurity, and in nearly every city on this list, the share of households with children headed by a single mother is below the 11.7% national share. 

Click here to see cities with the lowest child poverty rates 
Click here to read our detailed methodology

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Source: Read Full Article