Irvine, California: Debt Scorecard

A Credit Karma Study

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Irvine, California, located in Orange County, is home to more than 300,000 people, according to 2020-2021 U.S. Census estimates. According to Credit Karma data from Aug. 17, 2022, the average overall debt of the 57,447 members who live in Irvine is $95,462. 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 Irvine.

Overall debt in Irvine

The 57,447 Credit Karma members living in Irvine held a combined total debt of about $9.8 billion. The average overall debt for individuals was $95,462. The median overall debt was only $10,444, suggesting that a minority of the population carries significantly more debt than most of the population, which pulls the average upward. The average next payment on that debt is $693.

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

Irvine’s debt dial

An orange heat dial labeled with low debt on the left side and high debt on the right. The hand of the dial leans far to the right, illustrating that credit karma members in irvine have the fifth highest average overall debt compared to member nationwide.Image: An orange heat dial labeled with low debt on the left side and high debt on the right. The hand of the dial leans far to the right, illustrating that credit karma members in irvine have the fifth highest average overall debt compared to member nationwide.

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

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

Debt typeNumber of Credit Karma members with debt typeAverage debtMedian debtAverage next payment
Auto loan35,031$27,299$20,672$641
Student loan18,080$45,355$19,839$72
Mortgage18,183$595,821$504,788$3,252
Credit card56,629$8,147$3,598$208

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

Debt typeNational average debt of Credit Karma membersIrvine member average debt
Auto loan$24,042$27,299
Student loan$32,004$45,355
Mortgage$235,194$595,821
Credit card$6,469$8,147

Overall, Credit Karma members in Irvine had more debt than the national average in all categories of debt. Most notably, out of the 100 largest U.S. cities, Irvine has the highest student loan debt on average.

How does Irvine 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, Irvine has the fifth-highest overall average debt among Credit Karma members. The overall average debt of Credit Karma members in Irvine makes the city one of five in which members carry an average debt of more than $90,000.

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

  • Auto loan debt: 7th highest
  • Credit card debt: 4th highest
  • Student loan debt: 1st highest
  • Mortgage debt: 4th highest

Credit, inquiries and past-due accounts in Irvine

Among Credit Karma members in Irvine, the average VantageScore 3.0 credit score was 718, which is considered prime, and the median was 743, which is considered super prime. The national average VantageScore 3.0 for Credit Karma members was 673, while the median was 682.

Irvine members had an average of 3.6 inquiries on their credit reports, while the national average was 4.2.

Residents of Irvine average 0.40 accounts that were 30 days past due. The national average is 0.74 accounts.

Methodology

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 57,000 Credit Karma members living in Irvine 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.