Here’s How Much Debt Americans Have in Every State

NewImage

Well done, Idahoans! 

Idaho: $9,300.55

Idaho ranks No. 8 for least amount of debt, just behind West Virginia. More than 80 percent of Idahoan respondents have mortgages, while 45 percent owe no credit card debt and 70 percent owe no student loan debt.

Via GoBankingRates

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 just 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 formortgages, 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.