Which Colorado cities' residents manage money best? Here's how 32 communities rank

DENVER BUSINESS JOURNAL - In Colorado, the residents of Highlands Ranch are tops for money management, according to a new WalletHub report that analyzes financial literacy in cities across the country.

To compile the report, WalletHub compared 2,534 U.S. cities based on 10 key metrics across two categories:

  • Debt level, which included credit card debt-to-income ratio, mortgage debt-to-income ratio, car loan debt-to-income ratio, student loan debt-to-income ratio and the average percentage of credit uses.
  • Financial behavior, which included median credit score, average number of late payments, share of adults who are delinquent on their debts, share of adults with a bankruptcy filing in the past 12 months and the foreclosure rate.

With a median credit score of 756, Highlands Ranch ranks first in the state and 295th nationally for its residents' money management skills.

Read more at Denver Business Journal.

© 2017 American City Business Journals.


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