States with the most debt
Household debt is a reality for most Americans, whether a mortgage, credit cards, or car and student loans. A state's tanking economy and job loss can force people into foreclosures and defaults on loans. They might even see their cars or other vehicles repossessed.
Here, Âé¶¹Ô´´ ranks states with the most debt, as measured by what is owed per capita and a state's median income. The figures were calculated before the coronavirus pandemic threw the U.S. economy into a tailspin. The debt also is placed in the context of each state's economy, whether unemployment rates, uninsured residents, top industries, or numbers living in poverty.
Texas had the for 2019 at 4.4%, but other states had highly educated populations or high numbers of residents with health insurance, other markers of a healthy economy. In Massachusetts, for example, of residents 25 or older have at least a bachelor's degree, and only 3.5% of those under 65 do not have health insurance. Alaska is warning of pressure on its state budget from falling oil production until new wells begin operating. Kentucky has the worst-funded pension system in the country. Hawaii has expensive real estate but also high incomes.
In order to find the states with the most debt, Âé¶¹Ô´´ analyzed data from the New York Federal Reserve's . States are ranked by individual debt-to-income ratio, calculated by dividing per capita debt by median individual income. Income data was obtained from the Debts are defined as "delinquent" by the New York Fed when a payment is 90+ days late.
Read on to find out where your state lands on the debt spectrum.
#51. West Virginia
- Debt per capita: $30,580 (74.7% increase since 2003)
- Median income: $29,552 (1.0 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,190 (5.4% delinquent; #18 among all states)
--- Credit card debt per capita: $2,390 (8.1% delinquent; #50 among all states)
--- Mortgage debt per capita: $15,980 (1.2% delinquent; #51 among all states)
--- Student loan debt per capita: $4,180 (15.8% delinquent; #47 among all states)
Some are up in West Virginia. The unemployment rate fell from 5.3% in January 2017 to 4.6% in August 2019, food stamp use has dropped, and household income when adjusted for inflation rose in 2017 and 2018. On the other hand, the state is dependent on mining and natural gas, where gains were below the levels of the Great Recession of 2008. In addition, the population decreased by 25,000 from 2016 to 2018, and the growth of its GDP was below the national average.
#50. Mississippi
- Debt per capita: $33,140 (77.8% increase since 2003)
- Median income: $28,943 (1.1 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,220 (7.5% delinquent; #17 among all states)
--- Credit card debt per capita: $2,240 (9.5% delinquent; #51 among all states)
--- Mortgage debt per capita: $16,260 (1.6% delinquent; #50 among all states)
--- Student loan debt per capita: $5,900 (15.4% delinquent; #17 among all states)
Mississippi’s GDP grew at just , well below the national rate. It saw in the construction, mining and logging, leisure and hospitality, and information industries. The in July 2019 was 5.1%, above the
#49. Oklahoma
- Debt per capita: $35,110 (69.8% increase since 2003)
- Median income: $30,646 (1.1 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,510 (5.6% delinquent; #8 among all states)
--- Credit card debt per capita: $2,710 (8.9% delinquent; #43 among all states)
--- Mortgage debt per capita: $20,100 (1.2% delinquent; #48 among all states)
--- Student loan debt per capita: $4,560 (15.2% delinquent; #42 among all states)
Oklahoma’s job growth was in 2019, a on average, after a decade during which the state bested countrywide increases. The drop was a result of falling oil prices and more efficiency in the industry. Other industries added jobs, but they did not pay as well.
#48. Kentucky
- Debt per capita: $34,910 (55.2% increase since 2003)
- Median income: $30,294 (1.2 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,120 (5.0% delinquent; #42 among all states)
--- Credit card debt per capita: $2,480 (7.8% delinquent; #49 among all states)
--- Mortgage debt per capita: $20,310 (1.0% delinquent; #47 among all states)
--- Student loan debt per capita: $4,980 (15.7% delinquent; #38 among all states)
in Kentucky was 4.3%, higher than the 3.7% national rate. The mining and logging industry lost about 100 jobs. The state had the public pension plan in the country, according to the Bond Buyer in July 2019.
#47. Arkansas
- Debt per capita: $33,950 (67.6% increase since 2003)
- Median income: $29,333 (1.2 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,520 (5.5% delinquent; #7 among all states)
--- Credit card debt per capita: $2,530 (9.7% delinquent; #48 among all states)
--- Mortgage debt per capita: $18,950 (1.0% delinquent; #49 among all states)
--- Student loan debt per capita: $4,540 (12.2% delinquent; #43 among all states)
Arkansas struggles with low education levels and a high poverty rate. Under a quarter of its adults have a bachelor's degree, and about . Arkansas Advocates for Children and Families found that the state was one of nine where grew in 2019.
#46. Kansas
- Debt per capita: $38,720 (51.2% increase since 2003)
- Median income: $32,032 (1.2 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,190 (3.4% delinquent; #40 among all states)
--- Credit card debt per capita: $2,930 (6.4% delinquent; #35 among all states)
--- Mortgage debt per capita: $23,960 (0.7% delinquent; #43 among all states)
--- Student loan debt per capita: $5,540 (11.3% delinquent; #23 among all states)
Despite faring better than average in such key markers as education and unemployment, grew more slowly than most states’ from . It had an average annual growth rate of 0.9%.
#45. Ohio
- Debt per capita: $39,450 (33.5% increase since 2003)
- Median income: $32,104 (1.2 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,590 (4.6% delinquent; #31 among all states)
--- Credit card debt per capita: $2,890 (7.4% delinquent; #37 among all states)
--- Mortgage debt per capita: $22,860 (0.9% delinquent; #44 among all states)
--- Student loan debt per capita: $6,320 (12.1% delinquent; #5 among all states)
As part of the Rust Belt, Ohio had an of 4.1% in December 2019, compared to a of 3.5%. The in the GDP was 1.5% in 2019 versus 2.2% for the country as a whole.
#44. Wisconsin
- Debt per capita: $41,760 (49.7% increase since 2003)
- Median income: $33,753 (1.2 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,000 (2.7% delinquent; #44 among all states)
--- Credit card debt per capita: $2,770 (5.5% delinquent; #41 among all states)
--- Mortgage debt per capita: $27,580 (0.6% delinquent; #31 among all states)
--- Student loan debt per capita: $4,940 (8.9% delinquent; #39 among all states)
Wisconsin matches the country’s average in many areas: unemployment, poverty, and number of residents with bachelor’s degrees. It had a in November 2019. In 2018, CNBC ranked its economy the in the country, though with a shortage of workers.
#43. Iowa
- Debt per capita: $40,740 (72.9% increase since 2003)
- Median income: $32,782 (1.2 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,630 (2.9% delinquent; #29 among all states)
--- Credit card debt per capita: $2,650 (7.0% delinquent; #46 among all states)
--- Mortgage debt per capita: $25,660 (0.7% delinquent; #39 among all states)
--- Student loan debt per capita: $5,330 (13.1% delinquent; #28 among all states)
Iowa came through the Great Recession well, with low unemployment rates. The rate was, among the lowest in the country. That very benefit might also have been a problem, though. A lack of workers might have harmed its economic growth, as employers were forced to to find employees.
#42. Indiana
- Debt per capita: $39,570 (42.3% increase since 2003)
- Median income: $31,662 (1.2 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,460 (5.2% delinquent; #33 among all states)
--- Credit card debt per capita: $2,700 (7.0% delinquent; #44 among all states)
--- Mortgage debt per capita: $24,320 (1.0% delinquent; #42 among all states)
--- Student loan debt per capita: $5,290 (12.9% delinquent; #29 among all states)
Only of Indiana's population has a bachelor's degree. Its was particularly noticeable due to its high number of manufacturing jobs. Manufacturing accounts for 31.8% of its private sector, per the .
#41. Alabama
- Debt per capita: $38,000 (55.8% increase since 2003)
- Median income: $30,356 (1.3 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,150 (6.6% delinquent; #19 among all states)
--- Credit card debt per capita: $2,550 (8.4% delinquent; #47 among all states)
--- Mortgage debt per capita: $21,880 (0.9% delinquent; #46 among all states)
--- Student loan debt per capita: $5,120 (14.0% delinquent; #34 among all states)
Alabama is the country’s , with 16.8% of its residents living below the federal poverty level. The national average is only 13.1%. CNBC noted its poor quality of life and the poor health of its residents, but also its low costs for doing business. The state’s economy was expected to grow by according to the Culverhouse College of Business at the University of Alabama.
#40. Pennsylvania
- Debt per capita: $43,440 (66.8% increase since 2003)
- Median income: $34,663 (1.3 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,310 (4.4% delinquent; #37 among all states)
--- Credit card debt per capita: $3,260 (8.0% delinquent; #23 among all states)
--- Mortgage debt per capita: $26,090 (1.1% delinquent; #37 among all states)
--- Student loan debt per capita: $6,420 (10.1% delinquent; #4 among all states)
±Ê±ð²Ô²Ô²õ²â±ô±¹²¹²Ô¾±²¹â€™s in 2019 was 4.4%, above the of 3.5%. As for its workforce, among adults, , and although it is the fifth most populated state, its population grew only before 2019. Among its residents, 12% were in 2019.
#39. North Dakota
- Debt per capita: $45,550 (113.4% increase since 2003)
- Median income: $36,200 (1.3 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,530 (2.9% delinquent; #6 among all states)
--- Credit card debt per capita: $3,200 (5.6% delinquent; #24 among all states)
--- Mortgage debt per capita: $28,490 (0.8% delinquent; #29 among all states)
--- Student loan debt per capita: $5,500 (7.9% delinquent; #24 among all states)
North Dakota’s economy boomed with fracking and is now contracting, as oil prices fell in 2019. The drop has been especially exacerbated by the COVID-19 pandemic. Oil and gas account for . Its was at 2% in March 2020 but rose with the pandemic.
#38. Louisiana
- Debt per capita: $39,740 (77.3% increase since 2003)
- Median income: $30,994 (1.3 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,950 (6.9% delinquent; #2 among all states)
--- Credit card debt per capita: $2,690 (8.6% delinquent; #45 among all states)
--- Mortgage debt per capita: $22,550 (1.5% delinquent; #45 among all states)
--- Student loan debt per capita: $5,580 (14.7% delinquent; #22 among all states)
Louisiana’s economy is among those including oil and petroleum refining, and with the drop in oil prices beginning in 2014 and now the COVID-19 pandemic, it is struggling. The state’s oil and natural gas industry accounted for . The was 4.8%.
#37. Michigan
- Debt per capita: $40,160 (21.5% increase since 2003)
- Median income: $31,284 (1.3 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $3,980 (5.3% delinquent; #46 among all states)
--- Credit card debt per capita: $2,860 (6.9% delinquent; #38 among all states)
--- Mortgage debt per capita: $24,760 (0.7% delinquent; #41 among all states)
--- Student loan debt per capita: $5,910 (12.0% delinquent; #16 among all states)
As a center of the auto industry, Michigan was hurt when assembly lines shut down due to the pandemic. reports that in the second quarter of 2020, the state's GDP dropped at an annualized rate of 41%, compared to 32.9% for the country. A University of Michigan report predicts the state will not return to employment levels from before the pandemic until 2024. The rate was
#36. Missouri
- Debt per capita: $40,380 (52.1% increase since 2003)
- Median income: $31,447 (1.3 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,460 (4.8% delinquent; #33 among all states)
--- Credit card debt per capita: $2,800 (7.6% delinquent; #40 among all states)
--- Mortgage debt per capita: $25,090 (0.8% delinquent; #40 among all states)
--- Student loan debt per capita: $5,370 (12.1% delinquent; #27 among all states)
For the last 50 years, Missouri’s economy has lagged behind that of the country as a whole, according to an essay published last year by the . It has had trouble keeping its residents. Only have a bachelor's degree, below the of 36%.
#35. Nebraska
- Debt per capita: $41,610 (65.6% increase since 2003)
- Median income: $32,357 (1.3 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,250 (2.8% delinquent; #38 among all states)
--- Credit card debt per capita: $3,000 (6.7% delinquent; #32 among all states)
--- Mortgage debt per capita: $26,660 (0.5% delinquent; #35 among all states)
--- Student loan debt per capita: $5,170 (9.2% delinquent; #32 among all states)
Nebraska’s unemployment rate was . Its in the first quarter of 2019, according to the U.S. Bureau of Economic Analysis. Among the economy’s strongest areas were agriculture, retail, and finance and insurance.
#34. Illinois
- Debt per capita: $47,510 (40.4% increase since 2003)
- Median income: $35,817 (1.3 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,360 (4.5% delinquent; #35 among all states)
--- Credit card debt per capita: $3,410 (6.6% delinquent; #21 among all states)
--- Mortgage debt per capita: $31,260 (1.3% delinquent; #24 among all states)
--- Student loan debt per capita: $5,970 (9.8% delinquent; #15 among all states)
±õ±ô±ô¾±²Ô´Ç¾±²õ’ , and the has caused the state’s economic production to fall behind that of the country. Chicago has lost manufacturing plants that once drew low-skilled labor to the city.
#33. New York
- Debt per capita: $51,280 (64.1% increase since 2003)
- Median income: $37,701 (1.4 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $3,780 (4.1% delinquent; #49 among all states)
--- Credit card debt per capita: $4,010 (9.0% delinquent; #7 among all states)
--- Mortgage debt per capita: $34,030 (1.9% delinquent; #21 among all states)
--- Student loan debt per capita: $6,180 (8.5% delinquent; #9 among all states)
New York was one of 10 states that between 2018 and 2019. New York City’s economy grew for 2019’s fourth quarter, besting growth on the national level. The economy was marked by rising wages and a strong labor market, according to the New York City Comptroller’s Office.
#32. South Dakota
- Debt per capita: $43,050 (51.2% increase since 2003)
- Median income: $31,540 (1.4 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,610 (3.4% delinquent; #30 among all states)
--- Credit card debt per capita: $2,970 (6.3% delinquent; #33 among all states)
--- Mortgage debt per capita: $26,690 (0.7% delinquent; #34 among all states)
--- Student loan debt per capita: $5,150 (8.2% delinquent; #33 among all states)
Agriculture is the state's , with the focus on corn, soybeans, and wheat. in 2019 contended with low prices, The Trump administration's tariffs, and a wet growing season in the spring.
#31. Tennessee
- Debt per capita: $42,500 (56.5% increase since 2003)
- Median income: $30,695 (1.4 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,780 (4.8% delinquent; #25 among all states)
--- Credit card debt per capita: $2,760 (7.8% delinquent; #42 among all states)
--- Mortgage debt per capita: $26,510 (0.9% delinquent; #36 among all states)
--- Student loan debt per capita: $5,190 (12.7% delinquent; #31 among all states)
°Õ±ð²Ô²Ô±ð²õ²õ±ð±ð’s grew by 2.7% in 2019, compared to 2.9% for the country. However, its unemployment rate of 3.2% in February improved on the national rate. One the other hand, have a bachelor’s degree, 12.1% of those under 65 lacked health insurance, and 13.9% of its residents were living in poverty.
#30. Maine
- Debt per capita: $43,740 (58.4% increase since 2003)
- Median income: $31,447 (1.4 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,670 (3.1% delinquent; #28 among all states)
--- Credit card debt per capita: $2,960 (6.2% delinquent; #34 among all states)
--- Mortgage debt per capita: $27,200 (1.5% delinquent; #33 among all states)
--- Student loan debt per capita: $5,440 (8.5% delinquent; #26 among all states)
Maine has larger changes in than most other states because of the arrival of summer visitors and the departure of retirees during the winter, according to the state’s Department of Labor. Its for September 2019 was 2.9%, compared to 3.5% for the country. The size of Maine’s labor force has not changed significantly in 14 years. Wages rose in 2019, and there were a high number of job openings. The growth in the for 2019 was 1.9%.
#29. Texas
- Debt per capita: $45,290 (74.3% increase since 2003)
- Median income: $32,246 (1.4 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $6,880 (5.8% delinquent; #1 among all states)
--- Credit card debt per capita: $3,470 (9.2% delinquent; #18 among all states)
--- Mortgage debt per capita: $27,450 (0.9% delinquent; #32 among all states)
--- Student loan debt per capita: $5,100 (11.9% delinquent; #35 among all states)
Texas had the highest growth in in 2019 at 4.4%. The unemployment rate in Texas in 2019 was at a historic low of 3.4%, and growth in employment was strong except in oil and gas drilling, according to the . Texas added construction jobs at 6.0%, higher than the national rate. Exports to China were down because of tariffs.
#28. New Jersey
- Debt per capita: $59,100 (49.9% increase since 2003)
- Median income: $41,812 (1.4 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,160 (3.9% delinquent; #41 among all states)
--- Credit card debt per capita: $4,170 (7.5% delinquent; #4 among all states)
--- Mortgage debt per capita: $41,020 (1.7% delinquent; #12 among all states)
--- Student loan debt per capita: $6,210 (8.5% delinquent; #8 among all states)
New Jersey’s in 2019. Its in August 2019 was 3.2%, the lowest monthly rate since statewide records began in 1976. Only 9.2% of its residents were living in poverty, and 38.9% held bachelor’s degrees.
#27. Rhode Island
- Debt per capita: $51,170 (53.1% increase since 2003)
- Median income: $36,079 (1.4 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $3,970 (3.1% delinquent; #47 among all states)
--- Credit card debt per capita: $3,540 (8.1% delinquent; #16 among all states)
--- Mortgage debt per capita: $34,680 (1.1% delinquent; #19 among all states)
--- Student loan debt per capita: $5,640 (10.6% delinquent; #21 among all states)
Rhode Island's GDP grew by . Its in December of 2019 was 3.5% compared to 4.0% in January. Among adults, . Only 4.8% of those under 65 lacked health insurance, and 10.8% of residents were living in poverty.
#26. Vermont
- Debt per capita: $46,490 (60.5% increase since 2003)
- Median income: $32,376 (1.4 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,250 (3.2% delinquent; #15 among all states)
--- Credit card debt per capita: $3,130 (5.8% delinquent; #27 among all states)
--- Mortgage debt per capita: $29,130 (1.1% delinquent; #28 among all states)
--- Student loan debt per capita: $5,880 (7.7% delinquent; #19 among all states)
³Õ±ð°ù³¾´Ç²Ô³Ù’s grew by 2.5% in 2019. Among residents, did not have health insurance, 10.2% were living in poverty, and 37.3% had a bachelor’s degree.
#25. Wyoming
- Debt per capita: $47,670 (83.8% increase since 2003)
- Median income: $32,957 (1.4 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,390 (3.7% delinquent; #11 among all states)
--- Credit card debt per capita: $3,130 (7.5% delinquent; #27 among all states)
--- Mortgage debt per capita: $32,950 (0.9% delinquent; #22 among all states)
--- Student loan debt per capita: $3,690 (9.3% delinquent; #51 among all states)
°Â²â´Ç³¾¾±²Ô²µâ€™s grew 3.3% in 2019, better than the U.S. rate of 2.3%, but 14.8% of residents under 65 did not have , and 10.1% of residents were living in poverty. Among those 25 and older, 26.9% had a bachelor’s degree. The economy was based on .
#24. Connecticut
- Debt per capita: $59,840 (44.7% increase since 2003)
- Median income: $41,332 (1.4 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $3,760 (3.1% delinquent; #50 among all states)
--- Credit card debt per capita: $4,020 (7.1% delinquent; #6 among all states)
--- Mortgage debt per capita: $42,340 (1.8% delinquent; #11 among all states)
--- Student loan debt per capita: $6,160 (9.5% delinquent; #11 among all states)
°ä´Ç²Ô²Ô±ð³¦³Ù¾±³¦³Ü³Ù’s grew by only 1.6% in 2019, with the . The U.S. economy expanded by 2.3%, while the averaged a 2.3% growth. The in June 2019 was 3.7%.
#23. New Mexico
- Debt per capita: $41,000 (47.7% increase since 2003)
- Median income: $27,989 (1.5 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,690 (6.4% delinquent; #3 among all states)
--- Credit card debt per capita: $2,860 (9.0% delinquent; #38 among all states)
--- Mortgage debt per capita: $25,810 (1.4% delinquent; #38 among all states)
--- Student loan debt per capita: $4,100 (13.8% delinquent; #48 among all states)
New Mexico had the in 2019 at 4.1%. It was behind Texas, Wyoming, and Alaska, all states that rely on oil and gas. The at 18.2%, and 12% of residents do not have health insurance.
#22. Minnesota
- Debt per capita: $55,380 (39.1% increase since 2003)
- Median income: $37,261 (1.5 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,220 (2.3% delinquent; #39 among all states)
--- Credit card debt per capita: $3,380 (6.1% delinquent; #22 among all states)
--- Mortgage debt per capita: $38,510 (0.6% delinquent; #15 among all states)
--- Student loan debt per capita: $6,310 (9.2% delinquent; #6 among all states)
Minnesota's poverty level is low at 9.0%, and only lack health insurance. The state's real GDP for 2019 was 1.4%, below the U.S. growth rate of 2.3%. Its economy is more resilient than those of some of its neighbors, mainly because and is based not only on agriculture and manufacturing but also health care, tourism, and professional and business services.
#21. New Hampshire
- Debt per capita: $56,640 (52.6% increase since 2003)
- Median income: $38,025 (1.5 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,560 (2.9% delinquent; #5 among all states)
--- Credit card debt per capita: $3,630 (6.6% delinquent; #14 among all states)
--- Mortgage debt per capita: $37,480 (0.7% delinquent; #18 among all states)
--- Student loan debt per capita: $5,890 (8.6% delinquent; #18 among all states)
New Hampshire has the in the United States at , compared to for the country. Its was 2.5% for 2019. are high-tech manufacturing, tourism, and health care.
#20. South Carolina
- Debt per capita: $45,420 (60.7% increase since 2003)
- Median income: $30,081 (1.5 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,000 (6.4% delinquent; #21 among all states)
--- Credit card debt per capita: $3,020 (8.2% delinquent; #31 among all states)
--- Mortgage debt per capita: $28,030 (1.2% delinquent; #30 among all states)
--- Student loan debt per capita: $6,050 (14.0% delinquent; #13 among all states)
South Carolina’s in 2019, and its was 3.2% in August. Among the were the aerospace and automotive industries, agribusiness, and tourism. The however, was at 13.8%, and 13.2% of those under 65 did not have health insurance.
#19. North Carolina
- Debt per capita: $47,260 (54.0% increase since 2003)
- Median income: $31,147 (1.5 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,230 (5.7% delinquent; #16 among all states)
--- Credit card debt per capita: $3,120 (8.1% delinquent; #29 among all states)
--- Mortgage debt per capita: $30,100 (0.9% delinquent; #26 among all states)
--- Student loan debt per capita: $5,470 (12.6% delinquent; #25 among all states)
North Carolina saw a in its real GDP in 2019 with an on aerospace and defense, furniture, food processing, automotive, pharmaceuticals, information technology, and plastics and chemicals. Numbers of uninsured residents and those living in poverty were at 13.4% and 13.6%, respectively.
#18. Delaware
- Debt per capita: $55,290 (58.9% increase since 2003)
- Median income: $35,866 (1.5 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,040 (5.5% delinquent; #20 among all states)
--- Credit card debt per capita: $3,520 (8.6% delinquent; #17 among all states)
--- Mortgage debt per capita: $37,830 (1.7% delinquent; #16 among all states)
--- Student loan debt per capita: $6,070 (11.0% delinquent; #12 among all states)
¶Ù±ð±ô²¹·É²¹°ù±ð’s grew only 0.8% in 2019, making its economy one of the slowest-growing in the country. Among its residents, and 8.1% were without health insurance. More than half of all in the United States are registered in Delaware.
#17. Alaska
- Debt per capita: $59,630 (63.7% increase since 2003)
- Median income: $38,601 (1.5 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,960 (2.5% delinquent; #22 among all states)
--- Credit card debt per capita: $4,440 (6.6% delinquent; #1 among all states)
--- Mortgage debt per capita: $42,860 (0.6% delinquent; #10 among all states)
--- Student loan debt per capita: $3,970 (10.9% delinquent; #49 among all states)
Alaska's in 2019, but its oil production was faltering even before the pandemic. Its had fallen to 500,000 barrels a day and will continue to decline, and the state was predicting shortfalls in its budget until new oil fields began to operate. Residents stood at 10.1%, and those without insurance at 13.9%.
#16. Florida
- Debt per capita: $47,380 (54.0% increase since 2003)
- Median income: $30,462 (1.6 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,380 (5.8% delinquent; #12 among all states)
--- Credit card debt per capita: $3,730 (10.5% delinquent; #12 among all states)
--- Mortgage debt per capita: $29,970 (1.5% delinquent; #27 among all states)
--- Student loan debt per capita: $5,020 (12.6% delinquent; #36 among all states)
features tourism, agriculture, and the aerospace industry, but it is threatened by climate change. Its grew 2.8% in 2019, but 12.7% of its residents and 16.3% lack health insurance.
#15. Georgia
- Debt per capita: $49,720 (42.2% increase since 2003)
- Median income: $31,857 (1.6 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,640 (6.3% delinquent; #4 among all states)
--- Credit card debt per capita: $3,470 (8.3% delinquent; #18 among all states)
--- Mortgage debt per capita: $30,240 (1.0% delinquent; #25 among all states)
--- Student loan debt per capita: $7,440 (13.5% delinquent; #2 among all states)
are moving to Atlanta, contributing to the growth in Georgia’s economy. The city trails only New York and Houston, serving as the headquarters of 26 companies in the Fortune 1,000. Georgia’s grew 2% in 2019. Among its residents, 15.5% do not have , and 13.3% live in poverty.
#14. Massachusetts
- Debt per capita: $65,500 (55.5% increase since 2003)
- Median income: $41,476 (1.6 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $3,990 (2.8% delinquent; #45 among all states)
--- Credit card debt per capita: $3,760 (7.2% delinquent; #11 among all states)
--- Mortgage debt per capita: $47,770 (0.9% delinquent; #8 among all states)
--- Student loan debt per capita: $6,180 (7.1% delinquent; #9 among all states)
Massachusetts’ economy is based on tourism and other service industries, as well as on . Its real GDP in 2019. It also has the most highly educated population in the country, with holding at least a bachelor’s degree. Only 3.5% of its residents lack health insurance, and 9.4% live in poverty.
#13. Montana
- Debt per capita: $46,660 (87.3% increase since 2003)
- Median income: $28,806 (1.6 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,340 (4.0% delinquent; #36 among all states)
--- Credit card debt per capita: $3,060 (7.0% delinquent; #30 among all states)
--- Mortgage debt per capita: $31,550 (0.6% delinquent; #23 among all states)
--- Student loan debt per capita: $4,620 (9.3% delinquent; #41 among all states)
²Ñ´Ç²Ô³Ù²¹²Ô²¹â€™s grew 2.1% in 2019. Despite such measures as low unemployment, personal income growth, and wage growth, Montana still on income and wage levels. The number of people stands at 10.2%, and 12.6% live in poverty.
#12. Washington, D.C.
- Debt per capita: $88,450 (106.3% increase since 2003)
- Median income: $53,377 (1.7 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $3,090 (9.8% delinquent; #51 among all states)
--- Credit card debt per capita: $4,420 (6.5% delinquent; #2 among all states)
--- Mortgage debt per capita: $64,700 (0.8% delinquent; #1 among all states)
--- Student loan debt per capita: $13,420 (7.7% delinquent; #1 among all states)
Washington D.C.'s real GDP grew at . With a concentration of 364,000 federal employees, the Washington metropolitan area has the in the country, according to the D.C. Policy Center.
#11. Nevada
- Debt per capita: $54,830 (36.7% increase since 2003)
- Median income: $32,281 (1.7 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,410 (5.8% delinquent; #10 among all states)
--- Credit card debt per capita: $3,630 (11.5% delinquent; #14 among all states)
--- Mortgage debt per capita: $38,900 (1.0% delinquent; #14 among all states)
--- Student loan debt per capita: $4,270 (13.6% delinquent; #46 among all states)
Nevada’s real GDP in 2019, but lives in poverty, and 13.4% do not have health insurance. Besides tourism and gambling, is made up of such industries as aerospace, health, information technology, manufacturing, and mining.
#10. Maryland
- Debt per capita: $72,310 (66.9% increase since 2003)
- Median income: $42,520 (1.7 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,430 (5.1% delinquent; #9 among all states)
--- Credit card debt per capita: $4,120 (7.4% delinquent; #5 among all states)
--- Mortgage debt per capita: $52,070 (1.3% delinquent; #5 among all states)
--- Student loan debt per capita: $6,910 (10.0% delinquent; #3 among all states)
²Ñ²¹°ù²â±ô²¹²Ô»å’s grew 1.5% in 2019. Its economy’s include biohealth sciences, cybersecurity, advanced manufacturing, and the military and federal government. lack health insurance, and 9% live in poverty.
#9. Arizona
- Debt per capita: $54,290 (43.9% increase since 2003)
- Median income: $31,508 (1.7 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,350 (5.2% delinquent; #14 among all states)
--- Credit card debt per capita: $3,460 (10.4% delinquent; #20 among all states)
--- Mortgage debt per capita: $37,620 (0.6% delinquent; #17 among all states)
--- Student loan debt per capita: $5,260 (13.0% delinquent; #30 among all states)
Arizona had a stubbornly of about 4.9% in 2019, its was at 13.5%, and the number of people without health insurance was at 13.6%. Its grew 3.1% in 2019, but one reason for its unemployment rate is that its labor force grew, too.
#8. Virginia
- Debt per capita: $66,140 (65.1% increase since 2003)
- Median income: $37,749 (1.8 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,900 (3.9% delinquent; #23 among all states)
--- Credit card debt per capita: $4,000 (6.6% delinquent; #8 among all states)
--- Mortgage debt per capita: $47,810 (0.7% delinquent; #7 among all states)
--- Student loan debt per capita: $6,050 (10.3% delinquent; #13 among all states)
Virginia, like Maryland, is helped by bordering Washington D.C., with its high number of government officials and professionals. Its real GDP grew . Its economy in 2019 was data centers, the third-largest port on the East Coast, a manufacturing base, an unmanned systems industry, and tech workers, according to the Virginia Economic Development Partnership.
#7. Washington
- Debt per capita: $67,440 (60.6% increase since 2003)
- Median income: $37,960 (1.8 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,470 (2.6% delinquent; #32 among all states)
--- Credit card debt per capita: $3,660 (5.8% delinquent; #13 among all states)
--- Mortgage debt per capita: $51,220 (0.5% delinquent; #6 among all states)
--- Student loan debt per capita: $4,330 (8.6% delinquent; #44 among all states)
Washington's rose 3.8% in 2019. At the same time, its December 2019 was 4.3%. Some of its economy's , according to its Department of Commerce, are aerospace, agriculture, clean technology, information technology, forestry and wood products, and maritime and military sectors.
#6. Oregon
- Debt per capita: $56,620 (62.2% increase since 2003)
- Median income: $31,591 (1.8 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,010 (2.6% delinquent; #43 among all states)
--- Credit card debt per capita: $3,200 (6.3% delinquent; #24 among all states)
--- Mortgage debt per capita: $40,740 (0.5% delinquent; #13 among all states)
--- Student loan debt per capita: $5,820 (11.2% delinquent; #20 among all states)
°¿°ù±ð²µ´Ç²Ô’s grew only 2.7% in comparison to neighboring Washington. Among its residents, 11.4% were , and 8.6% did not have health insurance. Its include advanced manufacturing, forestry and wood products, technology, and business services.
#5. Idaho
- Debt per capita: $50,470 (69.8% increase since 2003)
- Median income: $28,100 (1.8 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,760 (2.9% delinquent; #26 among all states)
--- Credit card debt per capita: $2,930 (6.8% delinquent; #35 among all states)
--- Mortgage debt per capita: $34,210 (0.5% delinquent; #20 among all states)
--- Student loan debt per capita: $5,020 (10.3% delinquent; #36 among all states)
±õ»å²¹³ó´Ç’s grew 2.8% in 2019. Those numbered 12.8%, and those in poverty 11.2%. ±õ»å²¹³ó´Ç’s include a mix of traditional and new industries, with advanced manufacturing, aerospace, food production, and outdoor recreation among them.
#4. Utah
- Debt per capita: $62,090 (71.3% increase since 2003)
- Median income: $30,967 (2.0 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $5,370 (2.6% delinquent; #13 among all states)
--- Credit card debt per capita: $3,170 (5.8% delinquent; #26 among all states)
--- Mortgage debt per capita: $45,900 (0.5% delinquent; #9 among all states)
--- Student loan debt per capita: $4,290 (9.0% delinquent; #45 among all states)
±«³Ù²¹³ó’s in 2019. It saw living in poverty and 10.8% without health insurance. Among its economy’s : tourism, aerospace and defense, renewable resources, and IT.
#3. Hawaii
- Debt per capita: $74,230 (82.4% increase since 2003)
- Median income: $36,788 (2.0 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $3,920 (4.1% delinquent; #48 among all states)
--- Credit card debt per capita: $4,290 (7.2% delinquent; #3 among all states)
--- Mortgage debt per capita: $56,160 (0.7% delinquent; #3 among all states)
--- Student loan debt per capita: $3,780 (14.3% delinquent; #50 among all states)
±á²¹·É²¹¾±¾±â€™s grew only 1% in 2019. It’s an expensive place, with high real estate costs; the in 2018 was nearly $550,000. The state had a in November 2019. Only 5% of its population , and 9.3% of its population lived in poverty.
#2. Colorado
- Debt per capita: $73,890 (47.8% increase since 2003)
- Median income: $36,482 (2.0 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,850 (3.4% delinquent; #24 among all states)
--- Credit card debt per capita: $3,820 (6.5% delinquent; #9 among all states)
--- Mortgage debt per capita: $55,510 (0.4% delinquent; #4 among all states)
--- Student loan debt per capita: $6,230 (10.1% delinquent; #7 among all states)
Colorado's include aerospace, high tech, advanced manufacturing, and energy and natural resources. Among its residents, , and 9.3% are without health insurance. The state's grew 3.5% in 2019.
#1. California
- Debt per capita: $73,400 (48.6% increase since 2003)
- Median income: $35,050 (2.1 debt to income ratio)
- Debt composition:
--- Auto debt per capita: $4,710 (4.9% delinquent; #27 among all states)
--- Credit card debt per capita: $3,810 (8.7% delinquent; #10 among all states)
--- Mortgage debt per capita: $57,170 (0.6% delinquent; #2 among all states)
--- Student loan debt per capita: $4,640 (9.6% delinquent; #40 among all states)
°ä²¹±ô¾±´Ú´Ç°ù²Ô¾±²¹â€™s in 2019. It is home to Silicon Valley and tech behemoths such as Apple and Facebook, but at the same time, lives in poverty, while 8.9% has no health insurance.