The nation's capital might be a great place to earn a sizable income, but there's a good chance you'll spend the majority of it on basic necessities.
One reason New Mexico finished almost last in the rankings is because of its low median family income.
Alaska isn't one of the best places for families, because it's among the most expensive states to live.
California ranks as one of the most expensive states in terms of both cost of living and average annual expenditures for families.
Hawaii ranks as one of the most expensive states to own a home, with 2023 average prices coming out to $950,945.
Nevada residents will have to work extra hard if they want to raise a family in the home state of Las Vegas.
On the bright side, Arizona is a bit more affordable overall -- the cost of living is at about the national average.