REPORT: Dedham Among Best Towns for Financial Management

DEDHAM, MA — When it comes to financial management, Dedham does a pretty good job, according to a new report.

According to a new ranking from WalletHub, Dedham is 189th in the nation and 13th in the state in money management. Cupertino, Calif. took the top spot and Lexington was the highest ranked Massachusetts town and non-California town at number five.

According to the report, Dedham has an average credit score of 713.41, credit card debt to income radio of 13.36 percent, mortgage debt to income ratio of 532.84 percent, car loan debt to income ratio of 29.79 percent, student loan debt to income ratio of 73.02 percent, and an average of 1.73 late payments.

The list was created by using TransUnion date from September 2015 to compare 2,570 American cities. Eight metrics were given a value between 0 and 100, before calculating the overall score for each city using weighted averages across all averages.

Click here to see the full list and methodology.