The 10 States with the Most and Least Credit Card Debt

The 10 States with the Most and Least Credit Card Debt

September 25, 2014         Written By Bill Hardekopf

Which states have the most credit card debt? The least?

A new study by Experian-Oliver Wyman Market Intelligence Reports analyzed the average credit card debt in United States for the second quarter of this year, and it found that Alaska remained the most in-debted state in America.

Here is a look at the top 10 states with the highest average per capita credit card debt:

1. Alaska: $2,299
2. Virginia: $1,817
3. Washington, D.C.: $1,793
4. Maryland: $1,750
5. Washington: $1,741
6. Colorado: $1,697
7. Georgia: $1,677
8. New Mexico: $1,669
9. South Carolina: $1,664
10. Alabama: $1,656

Some of these statistics fall in line with states that have the highest cost of living. Alaska is the fourth most expensive state to live in, and Washington, D.C. is the third most expensive, according to The Missouri Economic Research and Information Center. However, Hawaii and Connecticut are the most expensive states in America, and they weren’t even in the top 10 states with the highest credit card balances.

And here are the 10 states with the least amount of credit card debt on a per capita basis:

1. Iowa: $2,904
2. North Dakota: $2,971
3. Utah: $3,014
4. South Dakota: $3,168
5. Wisconsin: $3,204
6. Idaho: $3,225
7. Nebraska: $3,326
8. Montana: $3,408
9. West Virginia: $3,411
10. Kentucky: $3,424

The information contained within this article was accurate as of September 25, 2014. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

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About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.