U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > General U.S.
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-26-2016, 03:36 AM
 
Location: The canyon (with my pistols and knife)
13,227 posts, read 17,988,164 times
Reputation: 14678

Advertisements

Average credit rating by U.S. state

707 - Minnesota
700 - North Dakota
698 - Wisconsin
697 - South Dakota
694 - Massachusetts
692 - Nebraska
692 - New York
691 - Hawaii
691 - Pennsylvania
690 - New Hampshire

689 - Colorado
686 - Iowa
684 - Connecticut
684 - Montana
682 - Oregon
682 - Washington
680 - Idaho
679 - Illinois
679 - Ohio
679 - Virginia

678 - Michigan
678 - Utah
677 - California
677 - Vermont
674 - Alaska
674 - Arizona
674 - Kansas
674 - Missouri
672 - Rhode Island
671 - Maine

671 - New Jersey
671 - Wyoming
669 - Florida
667 - Maryland
666 - Indiana
666 - Tennessee
665 - Delaware
665 - District of Columbia
660 - North Carolina
660 - Oklahoma

660 - West Virginia
658 - Nevada
657 - Texas
656 - Alabama
656 - Kentucky
655 - South Carolina
653 - Arkansas
650 - Louisiana
648 - New Mexico
644 - Georgia

642 - Mississippi

(Data courtesy of Value Penguin.)
Reply With Quote Quick reply to this message

 
Old 10-26-2016, 07:19 AM
 
1,292 posts, read 1,129,495 times
Reputation: 2153
Yet another list dominated by Minny.
Reply With Quote Quick reply to this message
 
Old 10-26-2016, 09:17 AM
 
2,037 posts, read 1,030,874 times
Reputation: 2692
Interesting list. Some of these are surprising, others, not so much. It's interesting to see factual information. It looks like parts of the Midwest do pretty well. I'm surprised by Hawaii's high rating, as it's so expensive there. I guess to live there, you have to have money, in the first place.
Reply With Quote Quick reply to this message
 
Old 10-26-2016, 09:26 AM
 
1,851 posts, read 1,483,985 times
Reputation: 1283
707 - Minnesota
700 - North Dakota
698 - Wisconsin
697 - South Dakota
694 - Massachusetts
692 - Nebraska
692 - New York
691 - Hawaii
691 - Pennsylvania
690 - New Hampshire

689 - Colorado
686 - Iowa
684 - Connecticut
684 - Montana
682 - Oregon
682 - Washington
680 - Idaho
679 - Illinois
679 - Ohio
679 - Virginia

678 - Michigan
678 - Utah
677 - California
677 - Vermont
674 - Alaska
674 - Arizona
674 - Kansas
674 - Missouri
672 - Rhode Island
671 - Maine

671 - New Jersey
671 - Wyoming
669 - Florida
667 - Maryland
666 - Indiana
666 - Tennessee
665 - Delaware
665 - District of Columbia
660 - North Carolina
660 - Oklahoma

660 - West Virginia
658 - Nevada
657 - Texas
656 - Alabama
656 - Kentucky
655 - South Carolina
653 - Arkansas
650 - Louisiana
648 - New Mexico
644 - Georgia

642 - Mississippi

Lots of surprises in there.
Reply With Quote Quick reply to this message
 
Old 10-26-2016, 10:11 AM
 
7 posts, read 5,114 times
Reputation: 17
Quote:
Originally Posted by Enean View Post
Interesting list. Some of these are surprising, others, not so much. It's interesting to see factual information. It looks like parts of the Midwest do pretty well. I'm surprised by Hawaii's high rating, as it's so expensive there. I guess to live there, you have to have money, in the first place.
Credit rating isn't a raw determination of wealth or income. It's an analysis of how quickly you pay your bills and how many loans you've taken out and paid recently.

A diligent middle class man that takes out auto loans and pays his bills every month will have a higher credit rating then the upper class man that doesn't pay his bills on time or disputes bills and pays for his cars with cash.
Reply With Quote Quick reply to this message
 
Old 10-26-2016, 10:14 AM
 
1,851 posts, read 1,483,985 times
Reputation: 1283
Quote:
Originally Posted by Exime View Post
Credit rating isn't a raw determination of wealth or income. It's an analysis of how quickly you pay your bills and how many loans you've taken out and paid recently.

A diligent middle class man that takes out auto loans and pays his bills every month will have a higher credit rating then the upper class man that doesn't pay his bills on time or disputes bills and pays for his cars with cash.
This is true. Debt to GDP ratio gives a better picture of a states' financial well-being. I'm still shocked by where TX and GA rank.
Reply With Quote Quick reply to this message
 
Old 10-26-2016, 01:42 PM
 
Location: The canyon (with my pistols and knife)
13,227 posts, read 17,988,164 times
Reputation: 14678
Quote:
Originally Posted by Exime View Post
Credit rating isn't a raw determination of wealth or income. It's an analysis of how quickly you pay your bills and how many loans you've taken out and paid recently.

A diligent middle class man that takes out auto loans and pays his bills every month will have a higher credit rating then the upper class man that doesn't pay his bills on time or disputes bills and pays for his cars with cash.
That's true, but it is an indication of fiscal discipline, which too many people lack, quite frankly. A middle-class person with little personal debt is more trustworthy than an overextended upper-middle-class person.

As for the list, Colorado, Virginia, Utah, New Jersey, Texas and Georgia all ranked lower than I thought they would, and Wisconsin, Hawaii, Pennsylvania, Missouri, Tennessee and West Virginia all ranked higher than I thought they would.


Quote:
Originally Posted by IrishIllini View Post
This is true. Debt to GDP ratio gives a better picture of a states' financial well-being. I'm still shocked by where TX and GA rank.
I figured Georgia would be in the lower-middle quintile, not second-worst.
Reply With Quote Quick reply to this message
 
Old 10-26-2016, 01:48 PM
 
2,037 posts, read 1,030,874 times
Reputation: 2692
Quote:
Originally Posted by Exime View Post
Credit rating isn't a raw determination of wealth or income. It's an analysis of how quickly you pay your bills and how many loans you've taken out and paid recently.

A diligent middle class man that takes out auto loans and pays his bills every month will have a higher credit rating then the upper class man that doesn't pay his bills on time or disputes bills and pays for his cars with cash.
Thanks, but you don't need to tell me what a credit rating is.
Reply With Quote Quick reply to this message
 
Old 10-26-2016, 01:55 PM
 
3,402 posts, read 4,318,830 times
Reputation: 2403
https://www.valuepenguin.com/average-credit-score

Group
Average Credit Score of Home Buyer & % of Borrowers with Score < 620
Asian 745 2.60%
Black or African American 677 21.30%
Hispanic white 701 11.20%
Non-Hispanic White 734 5.40%
All others 732 6.30%
U.S. Average 728 6.80%
Reply With Quote Quick reply to this message
 
Old 10-26-2016, 02:09 PM
 
345 posts, read 338,048 times
Reputation: 264
Texas is grouped with the southern states wow
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > General U.S.
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top