Chesterfield makes list of top cities for money management

According to a new report from the financial data website WalletHub, Chesterfield, Mo. is among the best U.S. metropolitan areas for consumer money management, coming in at No. 25 on the list.

Source: WalletHub

Analysts compared 2,570 cities based on eight key metrics that speak to consumers’ ability to keep their finances in order:

 

  • Credit Score
  • Credit-Card Debt-to-Income Ratio
  • Mortgage Debt-to-Income Ratio
  • Car-Loan Debt-to-Income Ratio
  • Student-Loan Debt-to-Income Ratio
  • Average Number of Late Payments
  • Average % of Credit Used
  • Foreclosure Rate

The metrics were then compiled to give each city an overall score.

Data used to create the rankings were collected from TransUnion and Renwood RealtyTrac.


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