In this article, we will list 11 states with the highest credit scores. If you want to read our discussion about the credit bureau market, credit card debt, and FICO scores, visit the 25 States With the Highest Credit Score.
11 – Montana
Average FICO Score of Individuals in 2023 – 732
Montana is 11th on our list of the 25 states with the highest credit score. It had an average FICO credit score of 732 in 2023.
10 – Hawaii
Average FICO Score of Individuals in 2023 – 732
Hawaii is one of the top 10 states with the highest credit score. At $94,814 in 2022 dollars, its median household income is significantly higher than the national average of $75,149, contributing to the overall high credit scores.
9 – Oregon
Average FICO Score of Individuals in 2023 – 732
Oregon is 9th on our list of the states with the highest credit scores. Even though its median household income of $76,632 in 2022 dollars is only slightly above the national figure of $75,149, its FICO score is significantly higher than the national average.
8 – Massachusetts
Average FICO Score of Individuals in 2023 – 732
Massachusetts is one of the states with the highest credit score. Its median household income of $96,505 in 2022 dollars is significantly higher than the national figure.
7 – North Dakota
Average FICO Score of Individuals in 2023 – 733
With a FICO score of 733 in 2023, North Dakota is seventh on our list of the 25 states with the highest credit scores. Despite having a median household income of $73,959 in 2022 dollars (which is below the US median household income), its FICO score is significantly higher than the national average.
6 – South Dakota
Average FICO Score of Individuals in 2023 – 734
Despite having a median household income significantly lower than the US median household income ($69,457 in 2022 dollars), South Dakota’s average FICO score is significantly higher than the national average. Its score of 734 lands it in the 6th spot on our list.
5 – Washington
Average FICO Score of Individuals in 2023 – 735
Washington is among the top 5 states with the highest credit scores. Its median household income of $90,325 in 2022 dollars is significantly higher than the median household income of the US.
4 – New Hampshire
Average FICO Score of Individuals in 2023 – 736
New Hampshire is one of the 25 states with the highest credit score. With a FICO score of 736, it ranks fourth on our list.
3 – Vermont
Average FICO Score of Individuals in 2023 – 737
Vermont is among the top three states with the highest credit score. Its median household income is slightly lower than the US median household income of $74,014 in 2022 dollars.
2 – Wisconsin
Average FICO Score of Individuals in 2023 – 737
Wisconsin is 2nd on our list of the 25 states with the highest credit scores. The average FICO score of Wisconsin increased by 2 points in 2023.
1 – Minnesota
Average FICO Score of Individuals in 2023 – 742
With an average FICO score of individuals of 742 in 2023, the state with the highest credit score in 2023 is Minnesota. However, the state saw no increase or decrease in FICO scores between the years 2022 and 2023.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 20 Rich Countries with Best Debt to GDP Ratio and 30 Heavily Indebted Poor Countries.
