Chesterfield Ranked Among Top Cities for Best Money-Management Skills

Chesterfield recently ranked in the top one percent of Cities with the Best Money-Management Skills in a recent study from the leading 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 Chesterfield (99^th Percentile =Best)

• Median Credit Score (768)
• Credit-Card Debt-to-Income Ratio (4.03%) (95^th Percentile)
• Mortgage Debt-to-Income Ratio (278.50%)(71^st Percentile)
• Car-Loan Debt-to-Income Ratio (17.48%)(94^th Percentile)
• Student-Loan Debt-to-Income Ratio (28.42%)(91^st Percentile)
• Avg. Number of Late Payments (1.27)
• Avg. % of Credit Used (35.2%)
• Foreclosure Rate (0.012%)

Chesterfield is a vibrant city with an exceptional blend of restaurants, retail and unique events located just about 25 minutes west of downtown St. Louis. Our city was formed in 1988 by citizens who cared deeply about the area and the quality of life and invest in two excellent school districts, as well as several outstanding private schools.  Chesterfield features over 150 restaurants and hundreds of retail shops ranging from unique family owned stores to convenient big box retailers. Take a stroll through our beautiful parks and trails or visit a few the area’s best museums and art galleries.