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Safest Cities To Keep Your Savings

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A recent study byThe Stock Dorkanalyzed over 30 biggest U.S. cities to identifythe safest ones to keep cash. The study analyzed different conditions, affecting cash savings, such as larceny thefts, inflation rates and number of businesses with limited pay options. All these conditions influence risk score, The safest cities are ranked from lowest score to the highest.

Here is the summary of the findings:

CityPopulationLarceny theft rates per 100K peopleInflation ratesBusinesses Using Electronic PaymentsScore
Denver, CO, United States713,2522,267.292.94%97%20.58
Las Vegas, NV, United States656,2741,635.162.93%96%21.89
Phoenix, AZ, United States4,845,8322,426.692.85%96%26.00
Boston, MA, United States650,7061,603.741.90%92%31.00
Atlanta, GA, United States499,1273,387.193.58%97%35.67
Tampa, FL, United States398,1731,274.853.91%95%37.13
Washington, DC, United States671,8033,528.963.26%96%38.14
Pittsburgh, PA, United States302,8982,365.893.48%95%38.86
Portland, OR, United States635,0673,824.563.26%96%40.04
Honolulu, HI, United States343,4212,073.943.51%94%42.85

The safest city to keep cashisDenver, Coloradowith the lowest score of 20.58 which reflects small risks when it comes to financial safety. Compared to other cities in the ranking, Denver has low larceny theft rates at 2,267 per 100,000 residents. At the same time, 97% of businesses in Denver accept both cash and electronic payments.

Las Vegasissecondin the ranking of the safest cities to keep cash, with a risk score of 21.89. This big entertainment city has very low larceny theft rates with 1,635 per 100K people, third lowest in the top ten. Inflation affected Nevada similarly to Colorado with the price growth rate here being only 0.1% higher.

Phoenix, Arizonatakes thethirdplace, scoring 26. The biggest city in the ranking, its theft rates are higher than in Las Vegas or Denver, with 2.426 per 100,000 residents. At the same time the prices grew a little less, rising 2.85%.

Boston, Massachusettsholdsfourthplace, with a score of 31. The city has very low rates of larceny thefts, being second only to Tampa. The prices in the state of Massachusetts are alsoleast affected by inflation, growing 1.9%, making its economy one of the most stable.

Atlanta, Georgiaisfifthin the ranking of the safest cities to keep cash, getting a score of 35.67. Compared to other cities in the ranking, the larceny thefts are much more common at 3,387 thefts per capita. 97% of Atlanta businesses accept different payment methods.

Insixthplace isTampa, Florida, scoring 37.13. The city hasthe lowest larceny theft ratein the ranking, seeing only1,274 per 100,000residents which makes it one of the safest cities to keep cash. The inflation still affects people in Florida, with 3.91%, the highest price growth in the top ten.

Washington, DCranksseventh, with a score of 38.14. The city has higher larceny theft rates than in Tampa or Atlanta but the price growth is lower with 3.26%. Out of its many businesses, only 4% in Washington accept cash only, with most opting out to different payment methods.

Pittsburgh, Pennsylvaniafollows closely witheighthplace and a score of 38.86. The theft rates here are similar to Atlanta, with 3,365 larceny thefts per 100,000 people. Inflation in Pennsylvania is pretty high, spiking 3.48% this year.

Portland, Oregonis inninthplace, getting a score of 40.04. The city has the highest rate of larceny thefts in the top ten, with 3,824 per 100K residents. Compared to other cities, the price growth is average at 3.26%, just as in D.C.

Honolulu, Hawaiicloses the ranking of the safest cities to keep cash withtenthplace and a score of 42.85. The theft rates in the city are third lowest in the ranking, summing up to 2,073 per 100K people. Inflation still influences the prices, showing the 3.51% growth in Hawaii.


Neel Achary

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