Here’s how much debt Americans have in every state

There are endless ways to go into debt. Although indebtedness typically comes down to individual circumstances, other factors, like living in a high-cost area, can also have an impact on how much you owe.

GOBankingRates conducted a survey to find out how much debt residents in each U.S. state and Washington, D.C., carry. Respondents were asked to share the amount of each type of debt they have, specifically for mortgages, credit card debt, student loans, car loans and medical debt. Keep in mind that the number of respondents in each state who participated in this survey varied from state to state.

The survey found the average debt among Americans (including those who report having no debt) is approximately $63,000. But, the average personal debt by state varies widely. Keep reading to see how your finances measure up to the typical American’s.

Advertisement