Minneapolis ranked as the seventh best place for working women according to a new study by MagnifyMoney.
According to the study, Minneapolis scored high not only for employing women but for providing strong insurance coverage to the women in its workforce, MagnifyMoney reported.
Washington D.C. ranked as the top city for working women, according to the sudy. Charlotte, North Carolina, ranked at the bottom of MagnifyMoney’s list of 50 U.S. cities.
One of the biggest challenges women in the workforce across the country face? Childcare costs. According to MagnifyMoney, these costs eat up nearly 22 percent of women’s eaernings, on average. At the same time, housing costs equal 25 percent to 30 percent of working women’s income. Combine that with the cost of childcare, and half of working women’s incomes are already consumed.
Last year, childcare costs took up nearly 23 percent of a working woman’s income.
According to MagnifyMoney, San Jose, California, had the largest wage gap between men and women, with women earning 28 percent less on average than men. The overall earnings gap between men and women who work full-time is down about 1 percent from 19.5 percent to 18.3 percent from the 2017 to 2018 time period.
