Home » Lexington, Louisville among WalletHub’s 2018 best-run cities in America

Lexington, Louisville among WalletHub’s 2018 best-run cities in America

Lexington’s downtown serves as a major financial center for most of Central and Eastern Kentucky.

LEXINGTON, Ky. (July 9, 2018) – With districts voting for all 435 seats in the House of Representatives this year and major mayoral elections coming up in cities like San Francisco and Washington, the personal-finance website WalletHub today released its report on 2018’s Best- & Worst-Run Cities in America. Out of the 150 cities included in the study, Lexington and Louisville made the rankings in 4th and 30th, respectively.

For each city, WalletHub constructed a “Quality of City Services” score – comprising 35 key performance indicators grouped into six service categories – that was then measured against the city’s total per-capita budget. Those categories are: 1) Financial Stability, 2) Education, 3) Health, 4) Safety 5) Economy and 6) Infrastructure & Pollution.

Those dimensions were then evaluated using 35 relevant metrics that were graded on a 100-point scale, with a score of 100 representing the highest quality of service.

Next, an overall “Quality of City Services” score for each city was calculated based on its weighted average across all the metrics. Finally, for each city, the Quality of City Services score was divided by the “Total Budget per Capita” (dollar amount) in order to construct a “Score per Dollar Spent” index — displayed as “Overall Rank” in the study findings, which can be viewed here.

Source: WalletHub