These Are The States With The Best (and Worst) Credit Scores, Household Incomes

In its latest visualization of the dominant economic trends across the disparate geographical regions of the US, has created a color-coded map that displays a state’s average credit score compared with its average income.

As the map clearly shows, there’s a correlation: States with higher median incomes tend to have higher average credit scores.



Immediately, three regional groupings become clear: One group stretches from the Northwest across the Northern Great Plains, all the way to the Great Lakes. All of these states have similar credit scores over 685 and decent-sized incomes, with Minnesotans in the lead with a score of 722 and a median income of $63,217. There’s another pocket of rich states in the Northeast, the richest being Massachusetts at 706 and $70,954. And finally, there’s a large group of states across the Deep South where people on average have very bad credit scores. Mississippians post the worst scores in the country (648) while on average earning just $40,528.

Here’s a list off the top 10 states ranked by average credit score, together with the median household income.

1. Minnesota: 722 and $63,217

2. North Dakota: 713 and $59,114

3. Vermont: 713 and $56,104

4. New Hampshire: 712 and $68,485

5. South Dakota: 711 and $52,078

6. Wisconsin: 710 and $54,610

7. Iowa: 708 and $54,570

8. Massachusetts: 706 and $70,954

9. Washington: 704 and $62,848

10. Hawaii: 702 and $71,977

Since a good income makes it easier to pay the bills, it follows that families with higher earnings have better credit scores.

However, there is one exception to this: Alaska.

Alaskans enjoy some of the highest incomes in the country ($74,444) thanks to the energy industry, but the state has an average credit score of 675.


new game 83_vf_1100_c Sun, 01/14/2018 - 05:48 Permalink

please don't read this and think about coming to MN.

please, please, stay south where it is is -10 degree right now. nobody in there right mind would consider moving here.


truth bears out that the label of mn nice is changing but still is embraced by many. also, shit ton of econ activity and manufacturing/machining hotbed, construction, gen mills, boston sci, 3m, best buy, ect. ect.

an it appears credit score = quality of people in general; duh, fuken eh dude, mn really sucks..

mosquitoes, no state land or lakes, boring ass place in general...

In reply to by 83_vf_1100_c

chubbar new game Sun, 01/14/2018 - 09:14 Permalink

Just don't go into downtown Minn. or some of the close in communities without a translator and an Uzi. I remember the last time I strayed into downtown Minneapolis at night, went to a bar (something Café, great Chili) just down the street from the venue where they play basketball and have concerts (forget the name). Came out about midnight, probably 200 blacks, mostly late teens, lining the sidewalks on both sides. Just a few cops around, these idiots were trying to start fights with everyone walking to their cars. It was something to experience, felt like I was in another country. Last time I will ever go into that shithole.

In reply to by new game

swmnguy new game Sun, 01/14/2018 - 09:17 Permalink

Indeed.  Please don't move here to the frozen tundra.  And for the love of God, don't tell anyone that our climate has warmed a full USDA hardiness zone over the past couple of decades, and we haven't seen the kinds of winter storms we had in the 1970s since...the 1970s.

Taxes don't matter if you earn the money to pay them, above and beyond your cost of living.  That's the secret of these charts.  If your cost of living is low, as it is in South Dakota and North Dakota, if you make a decent income you don't need the services as much.  If your cost of living is higher, as it is in Minnesota, and your taxes are higher, but your income is higher still, you still have enough left over after paying your cost of living to pay taxes, and the services and amenities are nice indeed.

The low-tax states people love to praise have rotten schools, litter, pollution, bad health care, and generally poor services and amenities.

The key statistic people don't discuss is the differential between wages and cost of living.  I'm guessing Minnesota is at the top of that list, too.  And the same "red" states will be at the bottom of that list.

In reply to by new game

all-priced-in new game Sun, 01/14/2018 - 10:15 Permalink

I lived in Minnesota for 3 years -


I think it was 1986 or 1987 it never got above zero degrees for 30 straight days.


Not some pussy wind chill "feels like" BS - actual temperature.


I worked with a guy that had an old Ford LTD - he cut a hole in the passenger side floorboard - big enough that a basketball would fit through it. He kept a piece of plywood over it.


He would drive it out and park on the ice - cut a hole in the ice and fish while sitting in his car.










In reply to by new game

willspeaks stacking12321 Sun, 01/14/2018 - 05:46 Permalink

We went through this a few weeks ago when the article was about which States get the most federal aid. The map looked much the same, for the same reason. Those States have higher percentages of blacks as their population. Throw Texas and New Mexico into the mix with their high Latino pop and there, you have it.

There's a reason why Minnesota has the highest number ( Great White North). Likewise, if you carve out the metropolitan areas of Wisconsin, Illinois and Ohio, they would look a lot better.

In reply to by stacking12321

new game willspeaks Sun, 01/14/2018 - 05:53 Permalink

wegians, germans. tough bunch, the old timers.

not so much today. mn is loaded with snowflakes, trust me on that. mpls has an alarming amount of blm yard signs. also, anyone welcome here sign on residences. fuken idiots and complete loosers. the city proper is a complete libtard bastion of flakes/gays/lesbos which i generaly avoid altogether except for my income.

In reply to by willspeaks

Adahy tion Sun, 01/14/2018 - 01:40 Permalink

Ok, let me get this right.  So this is a score that, the higher it is, the more business you can do with banks and the more you can get into debt?
Yeeeeeah.  You can have that.  Good luck with it.  I'll just keep on ignoring it and keep my distance from the bankers.

In reply to by tion

52821740 Adahy Sun, 01/14/2018 - 06:10 Permalink

Actually credit is your best friend or worst enemy depending on which side of it you stand.

For most people it's the latter.   I know its fashionable on this forum to bank bash and be anti government which the dominate conspiracy  theorists here extrapolate to being deep state but I say if you can't beat them join them.  

Pretty much at the bottom at the end of 2008 I borrowed a 7 figure sum from 2 Australian banks and invested it in - mainly Australian bank stocks which as a result of having halved in price were paying approximately a 12% fully franked dividend and were rated in the top 8 for financial  strength at the time (top were Canadian).  

Come 2014 I sold enough of them to pay off the loans with their share prices having doubled. I've since been stacking the divs waiting for the next crash and been reclassified a wholesale investor so now have 5m of unused loans on standby waiting for the crash so I won't use them until then. 

The moral of the story is you have to be smart with credit and only use it on undervalued appreciating assets which are generating more in income than the borrowing costs. 

In reply to by Adahy

swmnguy 52821740 Sun, 01/14/2018 - 09:21 Permalink

Credit can be a great tool.  It turns toxic when one has to use credit to pay one's basic costs of living.  That's happening (again) in the US.

When the US economy worked well for its citizens, Finance made up about 5% of economic activity.  Now it's nearing 50%.  No coincidence; the economy isn't working very well.  Only a very few, very small, nations can have Finance as their primary industry.  The Cayman Islands, Liechtenstein; even Switzerland has to have other industries.  Finance on its own does nothing real or productive.  It's just a tool.  The tool doesn't create value on its own.

In reply to by 52821740