WalletHub study finds Estero ranked in the top 4% of cities across the country with the best money-management skills and in 2018’s Top 1% of cities with the highest credit scores

//WalletHub study finds Estero ranked in the top 4% of cities across the country with the best money-management skills and in 2018’s Top 1% of cities with the highest credit scores

 

 

In order to determine where Americans are best at handling their finances, WalletHub compared more than 2,500 cities based on 10 key indicators of money-management skills. The data set ranges from median credit score to average number of late payments to mortgage debt-to-income ratio.

Money Management in Estero (99th Percentile = Best)

 

  • Median Credit Score (778)
  • Credit-Card Debt-to-Income Ratio (5.21%) (67th Percentile)
  • Mortgage Debt-to-Income Ratio (339.65%)(47th Percentile)
  • Car-Loan Debt-to-Income Ratio (21.80%)(86th Percentile)
  • Student-Loan Debt-to-Income Ratio (35.09%)(73rd Percentile)
  • Avg. Number of Late Payments (1.35)
  • Avg. % of Credit Used (36.9%)
  • Foreclosure Rate (0.031%)

 

You can find the full study here: https://wallethub.com/edu/best-cities-at-money-management/19256/.

WalletHub analyzed the median credit scores of residents in 2,572 cities to determine 2018’s Cities with the Highest & Lowest Credit Scores.

The median credit score in Estero is 778, which falls into the Excellent category and ranks in the 99th percentile relative to all other cities. (99th Percentile = Best)

You can find the full study here: https://wallethub.com/free-credit-score/

2018-03-25T08:10:37+00:00