Woodinville Named to 2018’s Best Cities at Money Management

Woodinville ranked in the Top 5% of Cities with the Best Money-Management Skills in a recent study from personal finance outlet WalletHub.com. You can find the full study here: https://wallethub.com/edu/best-cities-at-money-management/19256/.

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 Woodinville (99th Percentile =Best)

  • Median Credit Score(755)
  • Credit-Card Debt-to-Income Ratio(5.18%) (68th Percentile)
  • Mortgage Debt-to-Income Ratio(430.05%)(22nd Percentile)
  • Car-Loan Debt-to-Income Ratio(19.77%)(90th Percentile)
  • Student-Loan Debt-to-Income Ratio(19.43%)(99th Percentile)
  • Avg. Number of Late Payments(1.30)
  • Avg. % of Credit Used(44.2%)
  • Foreclosure Rate(0.0137%)

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