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Financial Planning > College Planning > Student Loan Debt

15 of the most debt-ridden states

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While many people have bounced back from the Great Recession, others are still struggling to jumpstart their earnings and make a significant dent in their debt.

A recent article on Credio.com, a new website that provides comparisons for financial products and services created by Graphiq, which in turn is a website that transforms data into visualizations, compiled the data from the Federal Reserve Bank of New York to see how U.S. debt has changed over time. The debt that they dug into includes mortgage, auto loans, credit card and student loan debt per capita from 2003 until 2014.

They then ranked the states to see where consumers are most indebted. The following list provides you with a number of opportunities to help consumers get the reigns of their financial futures.

Here are the top 15 states with the most debt, as ranked by Credio.

No. 15: Delaware

Total debt: $47,150

Average student loan debt: $4,600

Average auto loan debt: $3,780

Average credit card debt: $2,810

Average mortgage debt: $35,960

Photo: Dover, Delaware.

No. 14: New Hampshire

Total debt: $47,350

Average student loan debt: $5,000

Average auto loan debt: $4,320

Average credit card debt: $3,170

Average mortgage debt: $34,860

No. 13: Minnesota

Total debt: $47,610

Average student loan debt: $5,550

Average auto loan debt: $3,260

Average credit card debt: $2,930

Average mortgage debt: $35,870

No. 12: Utah

Total debt: $48,060

Average student loan debt: $3,620

Average auto loan debt: $4,150

Average credit card debt: $2,610

Average mortgage debt: $37,680

No. 11: Alaska

Total debt: $51,330

Average student loan debt: $3,640

Average auto loan debt: $4,690

Average credit card debt: $3,830

Average mortgage debt: $39,170

No. 10: New Jersey

Total debt: $53,170

Average student loan debt: $4,970

Average auto loan debt: $3,410

Average credit card debt: $3,510

Average mortgage debt: $41,280

No. 9: Connecticut

Total debt: $53,480

Average student loan debt: $4,760

Average auto loan debt: $3,050

Average credit card debt: $3,370

Average mortgage debt: $42,300

No. 8: Washington

Total debt: $54,320

Average student loan debt: $3,710

Average auto loan debt: $3,350

Average credit card debt: $3,100

Average mortgage debt: $44,160

No. 7: Massachusetts

Total debt: $54,880

Average student loan debt: $5,310

Average auto loan debt: $3,130

Average credit card debt: $3,180

Average mortgage debt: $43,260

No. 6: Colorado

Total debt: $57,530

Average student loan debt: $5,150

Average auto loan debt: $3,870

Average credit card debt: $3,230

Average mortgage debt: $45,280

No. 5: Virginia

Total debt: $58,250

Average student loan debt: $4,680

Average auto loan debt: $3,920

Average credit card debt: $3,330

Average mortgage debt: $46,320

No. 4: Hawaii

Total debt: $60,390

Average student loan debt: $3,010

Average auto loan debt: $2,950

Average credit card debt: $3,360

Average mortgage debt: $51,070

 

No. 3: California

Total debt: $62,210

Average student loan debt: $3,890

Average auto loan debt: $3,420

Average credit card debt: $3,050

Average mortgage debt: $51,850

No. 2: Maryland

Total debt: $63,300

Average student loan debt: $5,480

Average auto loan debt: $4,200

Average credit card debt: $3,320

Average mortgage debt: $50,300

No. 1: Washington, D.C.

Total debt: $76,080

Average student loan debt: $11,260

Average auto loan debt: $2,420

Average credit card debt: $3,470

Average mortgage debt: $58,930

 

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