2022’s States with the Highest & Lowest Credit Scores – WalletHub Study

A person’s credit score is one of the biggest factors that determines the course of their financial life, from getting credit cards to qualifying for home loans to even renting apartments. The average credit score in the U.S. is 695 using the VantageScore model. That puts the average American just below the bottom of the good credit range (700). The score to ultimately strive for is at least 750, which marks the beginning of the excellent credit range. Residents of some states have built their credit better than others, though.

In order to determine the states with the highest and lowest credit scores, WalletHub compared the average credit scores of residents in each of the 50 states as of October 2022, based on TransUnion data. Read on for the results, additional commentary from a panel of experts and a full description of our methodology.

Table of Contents

Main Findings

115050
State Rank
Minnesota 1
New Hampshire 2
Vermont 3
Massachusetts 4
South Dakota 5
North Dakota 6
Hawaii 7
Washington 8
Oregon 9
Nebraska 10
Wisconsin 11
Colorado 12
Iowa 13
Idaho 14
Montana 15
Maine 16
Utah 17
Connecticut 18
Rhode Island 19
New Jersey 20
Pennsylvania 21
New York 22
Alaska 23
California 24
Wyoming 25
Virginia 26
Michigan 27
Illinois 28
Maryland 29
Kansas 30
Arizona 31
Ohio 32
Delaware 33
Indiana 34
Missouri 35
Florida 36
North Carolina 37
Tennessee 38
New Mexico 39
Nevada 40
South Carolina 41
Kentucky 42
West Virginia 43
Georgia 44
Texas 45
Oklahoma 46
Arkansas 47
Alabama 48
Louisiana 49
Mississippi 50

States with the Highest & Lowest Credit Scores

Rank (1=Highest)  State Average Credit Score 
1 Minnesota 724
2 New Hampshire 719
3 Vermont 718
4 Massachusetts 716
5 South Dakota 715
6 North Dakota 715
7 Hawaii 715
8 Washington 714
9 Oregon 712
10 Nebraska 712
11 Wisconsin 711
12 Colorado 711
13 Iowa 710
14 Idaho 709
15 Montana 708
16 Maine 708
17 Utah 707
18 Connecticut 706
19 Rhode Island 706
20 New Jersey 705
21 Pennsylvania 704
22 New York 704
23 Alaska 703
24 California 703
25 Wyoming 700
26 Virginia 699
27 Michigan 699
28 Illinois 698
29 Maryland 696
30 Kansas 695
31 Arizona 694
32 Ohio 693
33 Delaware 693
34 Indiana 691
35 Missouri 690
36 Florida 689
37 North Carolina 686
38 Tennessee 682
39 New Mexico 682
40 Nevada 679
41 South Carolina 678
42 Kentucky 678
43 West Virginia 676
44 Georgia 675
45 Texas 674
46 Oklahoma 673
47 Arkansas 673
48 Alabama 672
49 Louisiana 668
50 Mississippi 662

Ask the Experts

Building and maintaining a solid credit score is essential. In order to provide more insight on the credit-building process, WalletHub turned to a panel of experts. Click on the pictures of the experts below to read their bios and responses to the following key questions:

READ FULL ARTICLE HERE