Politics & Government
Buffalo Grove Rates High in Best Money-Management Skills Study
WalletHub.com rated more than 2,500 cities on median credit score, credit card debt-to-income ratio, foreclosure rates and more.
The Village of Buffalo Grove has been rated 58 out of 2,534 cities when it comes to how well citizens handle their money.
The study, which was conducted by WalletHub.com, included key indicators of money-management skills, such as median credit scores, debt-to-income ratios for mortgages, credit cards, students loans and car loans, along with average number of late payments and credit cards used, as well as foreclosure rates.
Below are the ratings that Buffalo Grove received (99th percentile=best)
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- Median Credit Score 747
- Credit-Card Debt-to-Income Ratio (5.49%) (96th Percentile)
- Mortgage Debt-to-Income Ratio (342.8%) (83rd Percentile)
- Car-Loan Debt-to-Income Ratio (25.88%) (94th Percentile)
- Student-Loan Debt-to-Income Ratio (41.68%) (86th Percentile)
- Avg. Number of Late Payments (1.41)
- Avg. % of Credit Used (38.22%)
- Foreclosure Rate (0.0781%)
To access the full study, click here.
