In this piece, we will take a look at the ten states with the highest credit card debt in the US. If you want to learn more about what’s going on with credit card spending and rates in America, check out 25 States With the Highest Credit Card Debt in the US.
10. New York
Credit Card Debt Balance per Capita: $4,470
New York is another prosperous American state. Known primarily for its financial hub New York City, the state plays a crucial role in global financial and media industries. New York State also has one of the largest economies not only in the U.S. but also in the world.
9. Colorado
Credit Card Debt Balance per Capita: $4,480
Colorado is one of the biggest American states in terms of area. It also has one of the highest median household incomes in the country. The state is known for the strong presence of the U.S. government, with crucial facilities of the Air Force and other government bodies present in the region.
8. Nevada
Credit Card Debt Balance per Capita: $4,490
Nevada is another sizeable American state. Located in the Western half of the United States, it is best known as the gambling hub of Las Vegas. Apart from betting and hospitality, other crucial Nevadan economic sectors include agriculture and mining. The state’s large area also means that it is quite sparsely populated.
7. Florida
Credit Card Debt Balance per Capita: $4,540
Florida, called the Sunshine State, is located in the Southeastern region of the U.S. It shares a coast with the Atlantic Ocean, and a relatively lower latitude allows Florida to feature America’s human spaceport in the form of NASA’s Kennedy Space Center. Florida is also one of the most populous states in America.
6. Connecticut
Credit Card Debt Balance per Capita: $e E4,540
Connecticut is one of the smallest American states in terms of area. It was one of the earliest states to join the Union and ranks high for both population density and median household income. Manufacturing and health services are key sectors of the Connecticut economy.
5. Maryland
Credit Card Debt Balance per Capita: $4,720
Maryland is another small state whose area makes it one of the most densely populated areas in the country. It was in the news earlier this year after the collapse of the Baltimore Bridge that stoked fears of supply chain disruptions.
4. New Jersey
Credit Card Debt Balance per Capita: $4,750
New Jersey is the most densely populated state in the U.S. and one of the smallest in terms of areas as well. Its location on the East Coast makes it a shipping hub, and New Jersey is also known for its healthcare industry.
3. Hawaii
Credit Card Debt Balance per Capita: $4,770
Hawaii is one of America’s island states and is known for having some of the highest prices in the country. A year after deadly fires in Maui wreaked havoc, authorities are now investigating whether a communications breakdown exacerbated the damage.
2. Alaska
Credit Card Debt Balance per Capita: $4,980
Alaska is perhaps the remotest US state since it is separated from the Continental United States by Canada. It is also the only American state that borders Russia, and the region is known for its vast natural resources.
1. Washington, D.C.
Credit Card Debt Balance per Capita: $5,190
Washington D.C., while not a state, still merits a mention since its residents have the highest credit card debt in the U.S. This is perhaps unsurprising, as like Hawaii, New York, and California, it also has some of the highest prices in the country.
Disclosure: None. You can also take a look at the 15 Best Alternatives to Dyson Airwrap and Top 15 Cities Where Gen Z is Moving in the US.
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