Special Report
Cities With the Highest (and Lowest) Credit Scores
Published:
Last Updated:
Whether you are being denied a home or auto loan, a rental application, or a job, having a low credit score is a challenging situation. Such difficulties make it even harder to improve your financial standing.
To highlight how credit scores differ between cities, 24/7 Wall St. listed the 25 cities with the highest and 25 with the lowest average credit score as reported in credit bureau Experian’s 2016 State of Credit Report. Residents of Mankato, Minnesota have the highest average credit score of any measured city with 708. By contrast, the average credit score in Greenwood, Missouri is only 622, the lowest in the country.
A credit score indicates to creditors how much risk a potential borrower poses, with a higher score indicating less risk. Borrowers with high credit scores are more likely to pay back the loan, and on a timely basis. Lenders are not only more likely to approve these borrowers over those with a low credit score, but also the interest rates charged can be much lower.
Click here to see the cities with the highest credit scores.
Click here to see the cities with the lowest credit scores.
There are several different models used to calculate a credit score. Experian’s report is based on the latest VantageScore 3.0 model, a score created by VantageScore Solutions, LLC a company jointly owned by the three credit bureaus. Like the common FICO score, the VantageScore has a range between 300-850, with the majority of borrowers falling between 600-750.
According to Experian, the most influential aspect of the VantageScore model is payment history. Frequent delinquent payments lower a creditor’s confidence that future debts will be repaid as agreed. In 20 of the 25 cities with the worst credit scores, consumers make a late payment every other billing cycle on average. However, in 20 of the 25 cities with the best credit scores, residents make late payments half as often.
The worst case scenario for a creditor is to offer a loan and to never be repaid. Unpaid debt is often marked as a loss or sold to a third-party debt collector for a substantial loss. Of all collections, charge-offs, repossessions, foreclosures, and other loans, 32% are in default nationwide. In a handful of the cities with the worst credit, over 50% are in default, while every city with the best credit on this list is well under the nationwide rate.
Other factors that affect an individual’s credit score include the type of credit and how much of the available credit a borrower has utilized. Americans use on average 30% of the credit available to them. In every city with the worst credit, utilization is higher, while the opposite is true in every city with the best credit.
Even when borrowers with low credit scores are approved for credit, they are charged higher interest rates due to the increased risk they pose. Further, if they are denied, many resort to alternative borrowing options, such payday loans, that can have still higher interest rates.
To determine the cities where people have the best and worst credit, 24/7 Wall St. reviewed the average credit score in over 200 cities with data from Experian’s 2016 State of Credit report. Average annual late payments, revolving credit utilization, and mortgage and nonmortgage debt figures were also obtained from the same report.
These are the cities where residents have the best and worst credit.
The Cities with the Highest Credit Scores
Source: Bobak Ha'Eri / Wikimedia Commons
25. Minot, ND
> Avg. credit score: 693
> Avg. late payments per year: 2.9
> Avg. credit limit used: 26.3%
> Avg. nonmortgage debt: $43,830
> Avg. mortgage debt: $161,987
[in-text-ad]
Source: by Dylan L. Tanner / Wikimedia Commons
24. Alpena, MI
> Avg. credit score: 694
> Avg. late payments per year: 3.6
> Avg. credit limit used: 26.2%
> Avg. nonmortgage debt: $26,019
> Avg. mortgage debt: $85,562
Source: Thinkstock
23. Des Moines, IA
> Avg. credit score: 694
> Avg. late payments per year: 2.8
> Avg. credit limit used: 25.8%
> Avg. nonmortgage debt: $36,200
> Avg. mortgage debt: $133,764
Source: Thinkstock
22. Johnstown, PA
> Avg. credit score: 694
> Avg. late payments per year: 3.1
> Avg. credit limit used: 27.1%
> Avg. nonmortgage debt: $35,150
> Avg. mortgage debt: $108,698
[in-text-ad-2]
Source: Wikimedia Commons
21. Presque Isle, ME
> Avg. credit score: 695
> Avg. late payments per year: 2.9
> Avg. credit limit used: 28.9%
> Avg. nonmortgage debt: $35,998
> Avg. mortgage debt: $92,179
Source: Mav at English Wikipedia / Wikimedia Commons
20. Butte, MT
> Avg. credit score: 696
> Avg. late payments per year: 3.1
> Avg. credit limit used: 26.7%
> Avg. nonmortgage debt: $44,342
> Avg. mortgage debt: $194,529
[in-text-ad]
Source: Thinkstock
19. Sioux City, IA
> Avg. credit score: 696
> Avg. late payments per year: 2.5
> Avg. credit limit used: 23.5%
> Avg. nonmortgage debt: $33,271
> Avg. mortgage debt: $117,638
Source: Thinkstock
18. Helena, MT
> Avg. credit score: 697
> Avg. late payments per year: 2.5
> Avg. credit limit used: 26.8%
> Avg. nonmortgage debt: $41,395
> Avg. mortgage debt: $172,258
Source: Doug Kerr / Wikimedia Commons
17. Burlington, VT
> Avg. credit score: 697
> Avg. late payments per year: 2.4
> Avg. credit limit used: 28.2%
> Avg. nonmortgage debt: $38,217
> Avg. mortgage debt: $141,540
[in-text-ad-2]
Source: Darrell Harden / Wikimedia Commons
16. Marquette, MI
> Avg. credit score: 697
> Avg. late payments per year: 3.6
> Avg. credit limit used: 27.1%
> Avg. nonmortgage debt: $33,080
> Avg. mortgage debt: $96,699
Source: Thinkstock
15. Boston, MA
> Avg. credit score: 699
> Avg. late payments per year: 2.3
> Avg. credit limit used: 27.2%
> Avg. nonmortgage debt: $41,179
> Avg. mortgage debt: $248,399
[in-text-ad]
Source: Thinkstock
14. Lincoln, NE
> Avg. credit score: 699
> Avg. late payments per year: 2.7
> Avg. credit limit used: 24.0%
> Avg. nonmortgage debt: $33,260
> Avg. mortgage debt: $127,750
Source: Thinkstock
13. San Francisco, CA
> Avg. credit score: 699
> Avg. late payments per year: 2.0
> Avg. credit limit used: 25.4%
> Avg. nonmortgage debt: $43,590
> Avg. mortgage debt: $430,575
Source: Thinkstock
12. Charlottesville, VA
> Avg. credit score: 700
> Avg. late payments per year: 2.4
> Avg. credit limit used: 26.7%
> Avg. nonmortgage debt: $46,108
> Avg. mortgage debt: $229,111
[in-text-ad-2]
Source: Thinkstock
11. Cedar Rapids, IA
> Avg. credit score: 701
> Avg. late payments per year: 2.9
> Avg. credit limit used: 24.9%
> Avg. nonmortgage debt: $35,250
> Avg. mortgage debt: $131,569
Source: Daniel J Simanek / Wikimedia Commons
10. Madison, WI
> Avg. credit score: 702
> Avg. late payments per year: 2.3
> Avg. credit limit used: 25.5%
> Avg. nonmortgage debt: $35,815
> Avg. mortgage debt: $155,777
[in-text-ad]
Source: Thinkstock
9. Fargo, ND
> Avg. credit score: 703
> Avg. late payments per year: 2.6
> Avg. credit limit used: 25.3%
> Avg. nonmortgage debt: $37,966
> Avg. mortgage debt: $133,264
24/7 Wall St.
Source: Runner1928 / Wikimedia Commons
8. La Crosse, WI
> Avg. credit score: 703
> Avg. late payments per year: 2.6
> Avg. credit limit used: 25.5%
> Avg. nonmortgage debt: $32,895
> Avg. mortgage debt: $120,946
Source: Thinkstock
7. Sioux Falls, SD
> Avg. credit score: 703
> Avg. late payments per year: 2.5
> Avg. credit limit used: 25.3%
> Avg. nonmortgage debt: $39,269
> Avg. mortgage debt: $141,827
[in-text-ad-2]
Source: Thinkstock
6. Duluth, MN
> Avg. credit score: 703
> Avg. late payments per year: 2.2
> Avg. credit limit used: 26.4%
> Avg. nonmortgage debt: $34,782
> Avg. mortgage debt: $123,017
Source: Thinkstock
5. Wausau, WI
> Avg. credit score: 704
> Avg. late payments per year: 2.8
> Avg. credit limit used: 24.7%
> Avg. nonmortgage debt: $31,975
> Avg. mortgage debt: $111,625
[in-text-ad]
Source: Thinkstock
4. Green Bay, WI
> Avg. credit score: 704
> Avg. late payments per year: 3.0
> Avg. credit limit used: 24.4%
> Avg. nonmortgage debt: $33,034
> Avg. mortgage debt: $121,194
Source: Thinkstock
3. Minneapolis, MN
> Avg. credit score: 707
> Avg. late payments per year: 2.3
> Avg. credit limit used: 26.3%
> Avg. nonmortgage debt: $37,699
> Avg. mortgage debt: $179,170
Source: Jonathunder / Wikimedia Commons
2. Rochester, MN
> Avg. credit score: 708
> Avg. late payments per year: 2.5
> Avg. credit limit used: 24.0%
> Avg. nonmortgage debt: $35,973
> Avg. mortgage debt: $132,430
[in-text-ad-2]
Source: Jeff Keen / Wikimedia Commons
1. Mankato, MN
> Avg. credit score: 708
> Avg. late payments per year: 2.7
> Avg. credit limit used: 24.1%
> Avg. nonmortgage debt: $32,536
> Avg. mortgage debt: $120,142
The Cities with the Lowest Credit Scores
Source: Larry D. Moore – Wikimedia Commons
25. Tyler, TX
> Avg. credit score: 648
> Avg. late payments per year: 6.8
> Avg. credit limit used: 30.9%
> Avg. nonmortgage debt: $40,153
> Avg. mortgage debt: $127,808
[in-text-ad]
Source: Thinkstock
24. Sherman, OK
> Avg. credit score: 648
> Avg. late payments per year: 7.0
> Avg. credit limit used: 32.1%
> Avg. nonmortgage debt: $39,179
> Avg. mortgage debt: $113,863
Source: Thinkstock
23. El Paso, TX
> Avg. credit score: 648
> Avg. late payments per year: 6.7
> Avg. credit limit used: 35.5%
> Avg. nonmortgage debt: $35,738
> Avg. mortgage debt: $118,213
Source: JMora24 / Wikimedia Commons
22. Fresno, CA
> Avg. credit score: 646
> Avg. late payments per year: 4.6
> Avg. credit limit used: 32.5%
> Avg. nonmortgage debt: $34,514
> Avg. mortgage debt: $173,833
[in-text-ad-2]
Source: Wikimedia Commons
21. Columbus, MS
> Avg. credit score: 646
> Avg. late payments per year: 6.1
> Avg. credit limit used: 31.3%
> Avg. nonmortgage debt: $36,794
> Avg. mortgage debt: $98,547
Source: Redraiderengineer / Wikimedia Commons
20. Lubbock, TX
> Avg. credit score: 646
> Avg. late payments per year: 7.1
> Avg. credit limit used: 32.6%
> Avg. nonmortgage debt: $43,169
> Avg. mortgage debt: $124,981
[in-text-ad]
Source: Thinkstock
19. Las Vegas, NV
> Avg. credit score: 645
> Avg. late payments per year: 6.0
> Avg. credit limit used: 34.3%
> Avg. nonmortgage debt: $37,636
> Avg. mortgage debt: $205,441
Source: Thinkstock
18. Macon, GA
> Avg. credit score: 644
> Avg. late payments per year: 6.9
> Avg. credit limit used: 34.0%
> Avg. nonmortgage debt: $38,487
> Avg. mortgage debt: $118,484
Source: Thinkstock
17. Columbus, GA
> Avg. credit score: 643
> Avg. late payments per year: 5.9
> Avg. credit limit used: 36.5%
> Avg. nonmortgage debt: $38,967
> Avg. mortgage debt: $139,519
[in-text-ad-2]
Source: Thinkstock
16. Memphis, TN
> Avg. credit score: 642
> Avg. late payments per year: 6.2
> Avg. credit limit used: 34.5%
> Avg. nonmortgage debt: $39,005
> Avg. mortgage debt: $130,180
Source: Thinkstock
15. Savannah, GA
> Avg. credit score: 642
> Avg. late payments per year: 6.0
> Avg. credit limit used: 34.8%
> Avg. nonmortgage debt: $42,005
> Avg. mortgage debt: $172,356
[in-text-ad]
Source: Thinkstock
14. Jackson, MS
> Avg. credit score: 642
> Avg. late payments per year: 6.7
> Avg. credit limit used: 35.0%
> Avg. nonmortgage debt: $40,309
> Avg. mortgage debt: $130,964
Source: Thinkstock
13. Augusta, GA
> Avg. credit score: 642
> Avg. late payments per year: 6.3
> Avg. credit limit used: 34.5%
> Avg. nonmortgage debt: $39,416
> Avg. mortgage debt: $133,928
Source: Thinkstock
12. Montgomery, AL
> Avg. credit score: 641
> Avg. late payments per year: 7.3
> Avg. credit limit used: 34.3%
> Avg. nonmortgage debt: $38,957
> Avg. mortgage debt: $131,720
[in-text-ad-2]
Source: Lindsay Attaway / Flickr
11. Odessa, TX
> Avg. credit score: 641
> Avg. late payments per year: 6.7
> Avg. credit limit used: 34.7%
> Avg. nonmortgage debt: $44,378
> Avg. mortgage debt: $141,967
Source: Thinkstock
10. Shreveport, LA
> Avg. credit score: 640
> Avg. late payments per year: 7.0
> Avg. credit limit used: 33.6%
> Avg. nonmortgage debt: $41,204
> Avg. mortgage debt: $122,876
[in-text-ad]
Source: Travis Witt / Wikimedia Commons
9. Corpus Christi, TX
> Avg. credit score: 639
> Avg. late payments per year: 10.5
> Avg. credit limit used: 35.6%
> Avg. nonmortgage debt: $41,435
> Avg. mortgage debt: $121,413
24/7 Wall St.
Source: Robert Hale / Flickr
8. Bakersfield, CA
> Avg. credit score: 639
> Avg. late payments per year: 4.7
> Avg. credit limit used: 33.3%
> Avg. nonmortgage debt: $35,138
> Avg. mortgage debt: $178,955
Source: Wikimedia Commons
7. Alexandria, LA
> Avg. credit score: 639
> Avg. late payments per year: 7.5
> Avg. credit limit used: 33.0%
> Avg. nonmortgage debt: $38,863
> Avg. mortgage debt: $119,235
[in-text-ad-2]
Source: Billy Hathorn / Wikimedia Commons
6. Monroe, LA
> Avg. credit score: 639
> Avg. late payments per year: 6.9
> Avg. credit limit used: 33.4%
> Avg. nonmortgage debt: $41,610
> Avg. mortgage debt: $116,628
Source: AMAPO / Wikimedia Commons
5. Laredo, TX
> Avg. credit score: 635
> Avg. late payments per year: 7.5
> Avg. credit limit used: 36.2%
> Avg. nonmortgage debt: $35,799
> Avg. mortgage debt: $111,718
[in-text-ad]
Source: Wikimedia Commons
4. Riverside, CA
> Avg. credit score: 632
> Avg. late payments per year: 5.4
> Avg. credit limit used: 37.1%
> Avg. nonmortgage debt: $37,659
> Avg. mortgage debt: $194,373
Source: Thinkstock
3. Harlingen, TX
> Avg. credit score: 631
> Avg. late payments per year: 8.1
> Avg. credit limit used: 35.4%
> Avg. nonmortgage debt: $35,690
> Avg. mortgage debt: $96,487
Source: Wikimedia Commons
2. Albany, GA
> Avg. credit score: 624
> Avg. late payments per year: 8.3
> Avg. credit limit used: 35.6%
> Avg. nonmortgage debt: $38,580
> Avg. mortgage debt: $103,613
[in-text-ad-2]
Source: Thomas Gregory / Wikimedia Commons
1. Greenwood, MS
> Avg. credit score: 622
> Avg. late payments per year: 6.3
> Avg. credit limit used: 36.6%
> Avg. nonmortgage debt: $38,201
> Avg. mortgage debt: $83,170
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
