Newton Among Best Cities For Money Management

NEWTON, MA — A recent study from WalletHub found Newton is among the country's best small cities for money management.

The study found Newton is the nation's 35th-best small city in the country for money management, placing it in the 99th percentile based on a number of factors. Waltham, meanwhile, ranked No. 153 among small cities.

The study looked at money-management skills across 10 key metrics including debt-to-income ratios, average percent of credit used, number of late payments, median credit score, foreclosure rate and more.

Newton was scored among the country's small cities, meaning cities with a population of fewer than 100,000 people.

Here's what WalletHub found in Newton:

• Median Credit Score (769)
• Credit-Card Debt-to-Income Ratio (4.03%) (94th Percentile)
• Mortgage Debt-to-Income Ratio (380.06%) (34th Percentile)
• Car-Loan Debt-to-Income Ratio (12.33%) (99th Percentile)
• Student-Loan Debt-to-Income Ratio (20.38%) (98th Percentile)
• Average Number of Late Payments (1.00)
• Average Percentage of Credit Used (38%)
• Foreclosure Rate (0.0188%)

Interested in seeing how you stack up? You can view an analysis of your free credit score through WalletHub.