Fremont, California: Debt Scorecard

A Credit Karma Study


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Fremont, California, with a population of more than 227,000 people as of July 2021, just barely makes it onto the list of the largest 100 cities in the United States, according to 2020–2021 U.S. census estimates. According to Credit Karma data from Aug. 17, 2022, the average overall debt of the 66,384 members who live in Fremont is $100,584. In this case, overall debt is made up of auto loans, auto leases, student loans, mortgages, credit card balances and medical debt. (Click here for the full methodology.)

Read on to see a snapshot of debt in Fremont.

Overall debt in Fremont

The 66,384 Credit Karma members living in Fremont held a combined total debt of approximately $11.6 billion. The average overall debt for individual members was $100,584. The median overall debt was only $10,003, making Fremont’s gap between average and median total debt one of the largest out of the 100 largest cities in the country. The average next payment on that debt is $699.

In contrast, the national average debt for Credit Karma members is $49,454, and the median is $11,223.

Fremont’s debt dial

fremontdebtgaugeImage: fremontdebtgauge

Auto loans, student loans, mortgage and credit card debt in Fremont

The table below contains averages and medians for different types of debt among Credit Karma members in Fremont.

Debt typeNumber of Credit Karma members with debt typeAverage debtMedian debtAverage next payment
Auto loan44,171$23,177$18,139$577
Student loan17,102$30,395$15,083$52
Credit card64,455$6,682$3,055$182

So how do residents of Fremont compare to the national member averages? The table that follows compares the national average against the averages in Fremont among Credit Karma members.

Debt typeNational average debt of Credit Karma membersBuffalo member average debt
Auto loan$24,042$23,177
Student loan$32,004$30,395
Credit card$6,469$6,682

Overall, Credit Karma members in Fremont had less debt than the national average across all categories.

How does Fremont rank against other cities?

We compared averages for Credit Karma members living in the top 100 cities by population according to 2021 U.S. census population estimates.

Out of the top 100 cities, Fremont has the third-highest overall average debt among Credit Karma members. Fremont is one of three cities where the average overall debt is greater than $100,000.

Here’s how Fremont members ranked against the other top 100 cities in America.

  • Auto loan debt: 52nd highest
  • Credit card debt: 27th highest
  • Student loan debt: 68th highest
  • Mortgage debt: 8th highest

Credit, inquiries and past-due accounts in Fremont

Among Credit Karma members in Fremont, the average VantageScore 3.0 credit score was 707 and the median was 733, both of which are considered good. The national average VantageScore 3.0 for Credit Karma members was 673, while the median was 682.

Fremont members had an average of 3.8 inquiries on their credit reports, while the national average was 4.2.

Residents of Fremont average 0.52 accounts that were 30 days past due. The national average is 0.74 accounts.


To determine averages across categories of debt — including auto lease, auto loan, credit card, mortgage, student loan, medical and total debt — we analyzed the accounts of about 66,000 Credit Karma members living in Fremont who had been active on the site within the last 36 months. Averages were based on information from members’ TransUnion credit reports from the 90 days previous to the data pull, which was on Aug. 17, 2022. For the purposes of this analysis, auto lease, auto loan, credit card, mortgage, medical and student loan debt is defined as any unpaid balances existing on members’ open accounts in aggregate at the time the data was pulled. All numbers in this report were rounded to the nearest whole.

Note that all data for this article were pulled on Aug. 17, 2022.