Several North Carolina Cities Among Worst For Money Management

Sorry Raeford and Jacksonville friends. It seems that you – along with many other North Carolina cities – may not be so good at money management.

According to the latest survey from our friends at WalletHub.com, those cities come in not just at the bottom of the state but also the country for money management. Only the good folks in Willis, Texas might be worse at in fact, as Raeford came in ranked No. 2,571 on the list.

WalletHub ranked 2,572 U.S. cities on money management (but don't worry we read all that for you!). Their rankings were based on 10 key indicators. Indicators included things like average credit scores, late mortgage payments, and debt-to-income ratios.

Charlotte's scores were nothing to write home about coming in at the 45th best city in the state and 37th percentile. Huntersville, Matthews, Cornelius, and Waxhaw y'all had rankings to be proud of.

Among North Carolina cities, Cary came out best overall, ranked at No. 96 in the country at money management. You can view the full rankings of all NC cities below.

Here’s where every North Carolina city ranks on money management, as well as the top cities in the United States, led by Scarsdale, New York, and Cupertino, California (the home of Google):

96th percentile, median credit score of 763

89th percentile, median credit score of 744

88th percentile, median credit score of 760

87th percentile, median credit score of 758

86th percentile, median credit score of 751

85th percentile, median credit score of 755

84th percentile, median credit score of 753

72nd percentile, median credit score of 733

70th percentile, median credit score of 742

69th percentile, median credit score of 741

68th percentile, median credit score of 758

67th percentile, median credit score of 693

65th percentile, median credit score of 749

64th percentile, median credit score of 736

64th percentile, median credit score of 671

64th percentile, median credit score of 722

58th percentile, median credit score of 719

58th percentile, median credit score of 717

57th percentile, median credit score of 673

57th percentile, median credit score of 744

56th percentile, median credit score of 662

56th percentile, median credit score of 662

55th percentile, median credit score of 678

53rd percentile, median credit score of 674

53rd percentile, median credit score of 695

52nd percentile, median credit score of 663

52nd percentile, median credit score of 716

50th percentile, median credit score of 654

49th percentile, median credit score of 700

49th percentile, median credit score of 722

48th percentile, median credit score of 705

47th percentile, median credit score of 728

47th percentile, median credit score of 668

46th percentile, median credit score of 690

45th percentile, median credit score of 700

43rd percentile, median credit score of 682

43rd percentile, median credit score of 684

42nd percentile, median credit score of 671

41st percentile, median credit score of 705

39th percentile, median credit score of 728

38th percentile, median credit score of 673

38th percentile, median credit score of 659

37th percentile, median credit score of 659

37th percentile, median credit score of 675

37th percentile, median credit score of 678

36th percentile, median credit score of 675

36th percentile, median credit score of 697

35th percentile, median credit score of 715

35th percentile, median credit score of 660

35th percentile, median credit score of 681

34th percentile, median credit score of 674

34th percentile, median credit score of 675

33rd percentile, median credit score of 702

32nd percentile, median credit score of 693

31st percentile, median credit score of 667

31st percentile, median credit score of 675

30th percentile, median credit score of 719

28th percentile, median credit score of 661

27th percentile, median credit score of 675

26th percentile, median credit score of 636

26th percentile, median credit score of 676

22nd percentile, median credit score of 664

21st percentile, median credit score of 633

21st percentile, median credit score of 700

21st percentile, median credit score of 656

20th percentile, median credit score of 674

19th percentile, median credit score of 677

18th percentile, median credit score of 671

14th percentile, median credit score of 650

12th percentile, median credit score of 638

11th percentile, median credit score of 707

11th percentile, median credit score of 635

11th percentile, median credit score of 666

10th percentile, median credit score of 684

8th percentile, median credit score of 664

8th percentile, median credit score of 646

7th percentile, median credit score of 659

6th percentile, median credit score of 643

5th percentile, median credit score of 658

3rd percentile, median credit score of 662

1st percentile, median credit score of 675

1st percentile, median credit score of 668

1st percentile, median credit score of 665

99th percentile, median credit score of 768

99th percentile, median credit score of 776

99th percentile, median credit score of 785

99th percentile, median credit score of 765

99th percentile, median credit score of 765

99th percentile, median credit score of 765

99th percentile, median credit score of 766

99th percentile, median credit score of 768

99th percentile, median credit score of 762

99th percentile, median credit score of 782

With today's inflation, saving money should be on everyone's list. A new study by Student Beans has revealed where the most cost-effective cities are in the USA; and who were the most money-savvy states when it came to finding discount codes. If you are looking to save money in North Carolina, one of our cities made the top 10 list.

According to the study, Miami is the capital for saving money in the US. This surprised me a little bit. It seemed quite expensive to me. Atlanta is the second-best money-saving city in Georgia after Georgia as the leading money-saving state. On our index, they all scored above 90/100, including Minneapolis, Tampa, and Las Vegas. How did Las Vegas make the list? Las Vegas scored a 90 out of 100 because the residents work hard (to save their money), play hard (and spend it).

Most of the top money-saving states are located on the east coast. A study on saving money showed New York, the most expensive and largest city in the US, ranked second-worst! Montana is the worst state in the nation for saving money, followed by Wyoming, Idaho, and Washington. I guess the North West isn't so great at saving that cash.

Population: 525,398

Final Rank: 78.8

Population: 575,584

Final Rank: 80

Population: 749,103

Final Rank: 81.2

Population: 2,323,660

Final Rank: 82.8

Population: 483,579

Final Rank: 83.2

Population: 667,501

Final Rank: 89.6

Population: 404,636

Final Rank: 94

Population: 439,012

Final Rank: 95.2

Population: 524,067

Final Rank: 98

Population: 478,251

Final Rank: 98