States with the best and worst credit scores

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July 5, 2018
Natee Meepian // Shutterstock

States with the best and worst credit scores

Whether one is opening a new credit card or buying a house, a big financial decision requires checking one’s credit score. This score, rated on a point system from 300 to 850, is compiled by banks, credit card companies, and other lenders by analyzing an individual’s history of borrowing money and repaying their debts. But it’s not just useful for banks and credit cards; calculating one’s credit score can help them discover how trustworthy they appear to lenders, and how well they’re meeting their financial goals.

In a recent WalletHub report, experts analyzed U.S. credit score averages across a variety of demographics, including year, age, and income. In this article, Stacker looks at the geographic picture: Where in the country are Americans the best at paying their debts?

Using WalletHub’s data, Stacker ranked all 50 states, plus the District of Columbia, by the average credit scores of its inhabitants. Most state averages are in the 650 to 700 range, which Experian classifies as “good” or “very good.” Many of the best scores are clustered in the Midwest while some of the worst are clustered in the South.

Read on to see which state came out on top, and to find out how you compare to your state’s average.

RELATED: Cities with the best and worst credit scores

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GoodFreePhotos

#30. Mississippi

Average credit score: 642

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PxHere

#29. Georgia (tie)

Average credit score: 648

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Max Pixel

#29. Alabama (tie)

Average credit score: 648

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GoodFreePhotos

#28. Nevada (tie)

Average credit score: 649

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Pxhere

#28. Louisiana (tie)

Average credit score: 649

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Max Pixel

#27. South Carolina

Average credit score: 652

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Wikipedia

#26. Arkansas

Average credit score: 653

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Max Pixel

#25. Texas

Average credit score: 654

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GoodFreePhotos

#24. Tennessee (tie)

Average credit score: 657

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Thomas Shahan // Wikicommons

#24. New Mexico (tie)

Average credit score: 657

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Max Pixel

#24. Kentucky (tie)

Average credit score: 657

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MaxPixel

#23. Oklahoma

Average credit score: 658

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GoodFreePhotos

#22. West Virginia (tie)

Average credit score: 659

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Max Pixel

#22. Indiana (tie)

Average credit score: 659

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Public Domain Pictures

#21. North Carolina (tie)

Average credit score: 661

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IIP Photo Archive // Flickr

#21. Delaware (tie)

Average credit score: 661

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GoodFreePhotos

#20. Maryland (tie)

Average credit score: 664

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Nicolas Raymond // Flickr

#20. District of Columbia (tie)

Average credit score: 664

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Max Pixel

#19. Florida

Average credit score: 665

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Max Pixel

#18. Ohio (tie)

Average credit score: 666

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GoodFreePhotos

#18. Arizona (tie)

Average credit score: 666

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Brian Charles Watson // Wikicommons

#17. Michigan

Average credit score: 667

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Pixabay

#16. Missouri

Average credit score: 669

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Public Domain Pictures

#15. Rhode Island (tie)

Average credit score: 670

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Jubileejourney // Wikicommons

#15. Maine (tie)

Average credit score: 670

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Max Pixel

#15. Alaska (tie)

Average credit score: 670

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GoodFreePhotos

#14. New Jersey (tie)

Average credit score: 671

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GoodFreePhotos

#14. Illinois (tie)

Average credit score: 671

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Larry Johnson // Wikimedia Commons

#13. Wyoming (tie)

Average credit score: 673

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Doug Kerr // Flickr

#13. Kansas (tie)

Average credit score: 673

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Jschnalzer // Wikimedia Commons

#12. Pennsylvania (tie)

Average credit score: 675

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Pixabay

#12. Connecticut (tie)

Average credit score: 675

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Pixabay

#11. Virginia

Average credit score: 676

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Ken Lund // Flickr

#10. Utah (tie)

Average credit score: 677

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Max Pixel

#10. California (tie)

Average credit score: 677

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GoodFreePhotos

#9. Wisconsin (tie)

Average credit score: 680

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Pixabay

#9. New York (tie)

Average credit score: 680

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#9. Iowa (tie)

Average credit score: 680

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Wikipedia

#8. Idaho

Average credit score: 681

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Pixabay

#7. Colorado

Average credit score: 683

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Roman Eugeniusz // Wikimedia Commons

#6. Washington (tie)

Average credit score: 685

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Public Domain Pictures

#6. Vermont (tie)

Average credit score: 685

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Pixabay

#6. Oregon (tie)

Average credit score: 686

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Max Pixel

#6. Massachusetts (tie)

Average credit score: 685

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Pixabay

#5. New Hampshire (tie)

Average credit score: 686

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Wikipedia

#5. Montana (tie)

Average credit score: 686

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Pixabay

#4. Nebraska

Average credit score: 688

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GoodFreePhotos

#3. South Dakota

Average credit score: 695

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USFWS Mountain-Prairie // Flickr

#2. North Dakota (tie)

Average credit score: 701

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Anthony Quintano // Flickr

#2. Hawaii (tie)

Average credit score: 701

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Pixabay

#1. Minnesota

Average credit score: 702

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