Southlake has proven they know how to handle their money. And now, WalletHub has made it official with their 2019’s Best & Worst Cities At Money Management report. Southlake landed in the 99th percentile for Best Cities at Money Management and made the top 20 for best cities at money management.
According to the report, Southlake has a median credit score of 769, credit card debt to income ratio of 4.45 percent, mortgage debt to income ratio of 246.76 percent, car loan debt to income ratio of 18.39 percent, a student loan debt to income ratio of 18.43 percent and an average of 0.75 late payments.
Southlake is the best ranked Texas city on the list, No. 19, with Colleyville following at No. 85 and placed in the 97th percentile. The two North Texas cities are the only Texas communities in the top 100, with The Woodlands coming in at No. 156.