Chester County is the best place in Pennsylvania for women to save money, according to a recently published study by SmartAsset.
To determine the rankings for its list of the Best Places for Women to Save, the fintech company analyzed county-level data on income for women working full-time over 12 months. Using federal and state tax rates, SmartAsset calculated the median after-tax income, and then subtracted the cost of living in each county. The places with the highest remaining amount represented the counties where women have the best opportunity in the state to build their savings.
Chester County scored 62.98 on the Best Places for Women to Save Index, with a median income of $57,103, cost of living of $23,072, and an estimated tax rate of 16.20 percent. This gives women of Chester County a purchasing power of 2.07.
Neighboring counties also ranked highly on the list. Montgomery County placed second with a median income of $55,625 and cost of living of $23,072, while Delaware County ranked fourth with a $49,910 median income and $23,072 for the cost of living.
Read more about the Best Places for Women to Save from SmartAsset here.