Credit Karma’s State of Debt and Credit Report

March–May 2022

Updated

Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when posted.
State of Debt and Credit Report | March–May 2022 [Click to download PDF]

Debt in March through May 2022


Overall debt

Overall debt is defined as any type of debt noted on a Credit Karma member’s credit report. This includes credit card, mortgage, student loan, medical loan, auto lease and auto loan debt. The data include over 77 million Credit Karma members with a combined overall debt of $6.8 trillion.

In the three months preceding June 2022, average total overall debt among Credit Karma members was $48,505. The median debt was $11,021, which means that some folks had significantly higher amounts of debt that skewed the average upward.

The chart below illustrates the average debt by state. The state with the highest average debt among Credit Karma members is Washington ($70,134).West Virginia ($34,634) has the lowest average debt. Note that the District of Columbia had the highest average debt at $76,135, but it isn’t technically a state.

We also examined data for the 100 largest cities by population in the United States according to the 2021 U.S. Census estimates.

The 10 cities where Credit Karma members had the most debt on average were:

  1. San Francisco – $118,040
  2. San Jose, Calif. – $100,260
  3. Fremont, Calif. – $97,840
  4. Seattle – $96,219
  5. Irvine, Calif. – $91,989
  6. Santa Clarita, Calif. – $84,582
  7. Scottsdale, Ariz. – $80,403
  8. San Diego – $73,592
  9. Boston – $73,392
  10. Gilbert, Ariz. – $71,413

The 10 cities where Credit Karma members had the least debt on average were:

  1. Detroit – $21,964
  2. Toledo, Ohio – $28,762
  3. Cleveland – $29,778
  4. Buffalo, N.Y. – $29,995
  5. Milwaukee – $32,391
  6. Memphis, Tenn. – $32,474
  7. Winston-Salem, N.C. – $33,272
  8. Wichita, Kan. – $35,129
  9. St. Louis – $35,189
  10. St. Petersburg, Fla. – $36,995

Credit Karma members in coastal cities tended to have higher average debts, while those in cities in the middle of the country typically had lower overall average debt — following a similar pattern established on the state-level.

The average debt among Credit Karma members broken out by generation:

Generation Average debt
Generation Z $15,796
Millennial $47,279
Generation X $59,992
Baby boomers $51,827
Silent $40,829

Gen Z had the lowest average overall debt, while Gen X had the highest.

The average debt among Credit Karma members by credit score band:

Credit Score Band Average debt
Subprime (300-600) $27,358
Near prime (601-660) $40,453
Prime (661-780) $55,433
Super prime (781-850) $66,400

As scores increased, so too did average overall debt. This may be because people with higher credit scores have greater access to credit on better terms.

Credit card debt

From March to May 2022, approximately 73 million Credit Karma members with at least one credit card held a total of $379 billion in credit card debt. The average next payment was $174.

The average credit balance among members was $6,242. The median debt was $2,834, meaning that some Credit Karma members had much higher credit card balances than the typical person in the group. In this scenario, the median is much more indicative of what a typical Credit Karma member has in terms of credit card debt.

The table below contains the average credit card debt by state. The state with the highest average credit card debt among Credit Karma members is Alaska ($7,820). Mississippi has the lowest average debt ($5,077).

State Credit Karma members’ average credit card debt
Alabama $5,474
Alaska $7,820
Arizona $5,964
Arkansas $5,417
California $6,693
Colorado $6,452
Connecticut $6,800
Delaware $6,207
District of Columbia $7,099
Florida $6,573
Georgia $6,349
Hawaii $7,212
Idaho $5,504
Illinois $6,350
Indiana $5,391
Iowa $5,533
Kansas $5,918
Kentucky $5,269
Louisiana $5,662
Maine $5,623
Maryland $6,984
Massachusetts $6,467
Michigan $5,588
Minnesota $5,921
Mississippi $5,077
Missouri $5,649
Montana $5,802
Nebraska $5,974
Nevada $6,295
New Hampshire $6,351
New Jersey $7,043
New Mexico $5,681
New York $6,765
North Carolina  $5,788
North Dakota  $6,106
Ohio $5,653
Oklahoma $5,829
Oregon $5,876
Pennsylvania $5,963
Rhode Island $6,275
South Carolina $5,821
South Dakota $5,764
Tennessee $5,637
Texas $6,480
Utah $5,797
Vermont $5,760
Virginia $6,952
Washington $6,621
West Virginia $5,497
Wisconsin  $5,380
Wyoming $6,140

We also examined data for the 100 top largest cities by population in the United States according to the 2021 U.S. Census estimates.

The 10 cities where Credit Karma members had the most credit card debt on average were:

  1. Scottsdale, AZ – $8,343
  2. Virginia Beach, VA – $8,215
  3. Chesapeake, VA – $7,991
  4. Irvine, CA – $7,904
  5. Plano, TX – $7,853
  6. San Francisco, CA – $7,793
  7. Chula Vista, CA – $7,707
  8. Anchorage, AK – $7,652
  9. Santa Clarita, CA – $7,592
  10. Honolulu, HI – $7,427

The 10 cities where Credit Karma members had the least credit card debt on average were:

  1. Detroit, MI – $4,276
  2. Milwaukee, WI – $4,628
  3. Cleveland, OH – $4,894
  4. Toledo, OH – $4,907
  5. St. Louis, MO – $4,986
  6. Buffalo, NY – $5,088
  7. Indianapolis, IN – $5,165
  8. Laredo, TX – $5,179
  9. Memphis, TN – $5,243
  10. St. Paul, MN – $5,255

The average credit card debt among Credit Karma members broken out by generation:

Generation Average credit card debt
Generation Z $2,626
Millennial $5,632
Generation X $7,977
Baby boomers $7,310
Silent $5,601

The average credit card debt among Credit Karma members by credit score band:

Credit score band Average credit card debt
Sub Prime (300-600) $5,434
Near Prime (601-660) $8,904
Prime (661-780) $6,502
Super Prime (781-850) $3,273

Auto loan debt

From March to May 2022, approximately 54 million Credit Karma members with at least one auto loan open held more than $799 billion in auto loans. The average next payment was $568.

The average auto loan balance among members was $23,623. The median debt was $18,621.

The table below shows the average auto loan debt by state. The state with the highest average car loan debt among Credit Karma members is Texas ($27,944), and Rhode Island has the lowest average debt ($19,230).

State Credit Karma members’ average auto loan debt
Alabama $24,288
Alaska $26,504
Arizona $25,467
Arkansas $25,849
California $24,196
Colorado $23,670
Connecticut $19,480
Delaware $22,065
District of Columbia $21,810
Florida $24,450
Georgia $24,594
Hawaii $24,359
Idaho $23,602
Illinois $21,909
Indiana $21,530
Iowa $22,390
Kansas $22,546
Kentucky $22,426
Louisiana $27,078
Maine $21,442
Maryland $23,380
Massachusetts $19,625
Michigan $20,059
Minnesota $20,782
Mississippi $24,739
Missouri $21,742
Montana $23,351
Nebraska $21,732
Nevada $25,176
New Hampshire $21,391
New Jersey $21,440
New Mexico $27,479
New York $22,174
North Carolina $23,631
North Dakota $24,145
Ohio $20,925
Oklahoma $25,304
Oregon $22,871
Pennsylvania $21,248
Rhode Island $19,230
South Carolina $22,680
South Dakota $22,160
Tennessee $23,862
Texas $27,944
Utah $22,959
Vermont $22,345
Virginia $22,795
Washington $24,371
West Virginia $25,831
Wisconsin $20,379
Wyoming $27,513

We also examined data for the 100 largest cities by population in the United States according to the 2021 U.S. Census estimates.

The 10 cities where Credit Karma members had the most auto loan debt on average were:

  1. Laredo, Texas – $31,175
  2. Corpus Christi, Texas – $29,480
  3. El Paso, Texas – $28,799
  4. Lubbock, Texas – $27,619
  5. Gilbert, Ariz. – $27,259
  6. San Antonio – $26,931
  7. Irvine, Calif. – $26,685
  8. Bakersfield – $25,997
  9. Scottsdale, Ariz. – $25,982
  10. Fort Worth, Texas – $25,851

The 10 cities where Credit Karma members had the least auto loan debt on average were:

  1. St. Paul, Minn. – $18,324
  2. Minneapolis – $18,637
  3. Toledo, Ohio – $18,961
  4. St. Louis – $18,998
  5. Detroit – $19,294
  6. Milwaukee – $19,315
  7. Fort Wayne, Ind. – $19,639
  8. Buffalo, N.Y. – $19,998
  9. Pittsburgh – $20,081
  10. Winston-Salem, N.C. – $20,303

The average auto loan debt among Credit Karma members broken out by generation:

Generation Average auto loan debt
Generation Z $19,467
Millennial  $23,288
Generation X $26,312
Baby boomers $22,290
Silent $18,400

The average auto loan debt among Credit Karma members by credit score band:

Credit Score Band Average auto loan debt
Sub Prime (300-600) $21,183
Near Prime (601-660) $24,620
Prime (661-780) $25,019
Super Prime (781-850) $21,734

Mortgage debt

From March to May 2022, approximately 28.8 million Credit Karma members with at least one mortgage held a total of $4.9 trillion in mortgage debt. The average next payment was $1,601.

The average mortgage balance among members was $231,521. The median debt was $184,000.

The table below contains the average mortgage debt by state. Although the District of Columbia had the highest average mortgage balance ($447,364), it’s not a state. Members in California had the highest average mortgage debt at $421,573, and West Virginia had the lowest average debt at $130,703.

State Credit Karma members’ average mortgage debt
Alabama $160,379
Alaska $257,653
Arizona $251,479
Arkansas $145,212
California $421,573
Colorado $300,902
Connecticut $230,560
Delaware $214,958
District of Columbia $447,364
Florida $223,748
Georgia $204,121
Hawaii $409,783
Idaho $226,290
Illinois $196,571
Indiana $150,542
Iowa $148,875
Kansas $161,919
Kentucky $148,729
Louisiana $169,544
Maine $169,370
Maryland $282,676
Massachusetts $306,899
Michigan $156,802
Minnesota $212,658
Mississippi $139,721
Missouri $163,025
Montana $213,782
Nebraska $167,331
Nevada $272,759
New Hampshire $216,852
New Jersey $280,763
New Mexico $184,770
New York $284,044
North Carolina $198,493
North Dakota $196,076
Ohio $150,313
Oklahoma $155,009
Oregon $285,001
Pennsylvania $173,834
Rhode Island $227,462
South Carolina $179,337
South Dakota $181,268
Tennessee $187,479
Texas $203,271
Utah $289,221
Vermont $174,954
Virginia $263,563
Washington $333,362
West Virginia $130,703
Wisconsin $168,934
Wyoming $204,566

We also examined data for the 100 largest cities by population in the United States according to the 2021 U.S. Census estimates.

The 10 cities where Credit Karma members had the most mortgage debt on average were:

  1. San Francisco – $755,066
  2. San Jose, Calif. – $613,079
  3. New York City – $611,176
  4. Irvine, Calif. – $584,541
  5. Los Angeles – $539,243
  6. Boston – $517,481
  7. Seattle – $507,056
  8. Fremont, Calif. – $500,296
  9. San Diego – $474,820
  10. Honolulu – $451,113

The 10 cities where Credit Karma members had the least mortgage debt on average were:

  1. Toledo, Ohio – $121,142
  2. Detroit – $132,544
  3. Cleveland – $141,649
  4. Wichita, Kan. – $147,069
  5. Fort Wayne, Ind. – $148,104
  6. Buffalo, N.Y. – $151,208
  7. Laredo, Texas – $157,804
  8. El Paso, Texas – $160,883
  9. Memphis, Tenn. – $162,097
  10. Milwaukee – $165,691

The average mortgage debt among Credit Karma members broken out by generation:

Generation Average mortgage debt
Generation Z $192,366
Millennial $256,724
Generation X $237,403
Baby boomers $186,199
Silent $162,594

The average mortgage debt among Credit Karma members by credit score band:

Credit score band Average mortgage debt
Sub Prime (300-600) $182,990
Near Prime (601-660) $208,227
Prime (661-780) $247,134
Super Prime (781-850) $233,616

Student loan debt

From March to May 2022, approximately 28.2 million Credit Karma members with at least one student loan open held a total of $663 billion across 62 million student loans. The average next payment was $46.

The average auto loan balance among members was $32,272. The median debt was $16,458.

The table below contains the average student loan debt by state. The District of Columbia had the highest average student loan debt at $48,320. The state with the highest average student loan debt among Credit Karma members is Maryland ($39,137), and Utah has the lowest average debt ($26,417).

State Credit Karma members’ average student loan debt
Alabama $33,531
Alaska $28,885
Arizona $29,940
Arkansas $28,842
California $32,179
Colorado $31,162
Connecticut $33,913
Delaware $34,149
District of Columbia $48,320
Florida $32,563
Georgia $36,882
Hawaii $30,596
Idaho $27,413
Illinois $35,149
Indiana $29,629
Iowa $27,727
Kansas $29,176
Kentucky $29,030
Louisiana $30,388
Maine $29,744
Maryland $39,137
Massachusetts $33,842
Michigan $32,591
Minnesota $30,981
Mississippi $33,622
Missouri $31,482
Montana $27,452
Nebraska $28,218
Nevada $27,908
New Hampshire $33,326
New Jersey $35,477
New Mexico $28,151
New York  $35,639
North Carolina $33,281
North Dakota $28,350
Ohio $31,851
Oklahoma $27,831
Oregon $30,587
Pennsylvania $33,927
Rhode Island $29,271
South Carolina $33,638
South Dakota $29,209
Tennessee $31,568
Texas $28,597
Utah $26,417
Vermont $34,394
Virginia $35,415
Washington $28,966
West Virginia $28,986
Wisconsin $28,974
Wyoming $26,976

We also examined data for the 100 largest cities by population in the United States according to the 2021 U.S. Census estimates.

The 10 cities where Credit Karma members had the least student loan debt on average were:

  1. Laredo, Texas – $21,839
  2. Bakersfield, Calif. – $25,402
  3. San Bernardino, Calif. – $25,652
  4. Stockton, Calif. – $25,695
  5. Corpus Christi, Texas – $25,821
  6. El Paso, Texas – $25,924
  7. Santa Ana, Calif. – $26,322
  8. North Las Vegas, Nev. – $26,792
  9. Fresno, Calif. – $26,920
  10. Garland, Texas – $27,162

The 10 cities where Credit Karma members had the most student loan debt on average were:

  1. Irvine, Calif. – $45,538
  2. Durham, N.C. – $44,561
  3. Atlanta – $44,315
  4. San Francisco – $42,376
  5. Boston – $41,557
  6. New Orleans – $41,329
  7. New York City – $41,481
  8. Oakland, Calif. – $39,790
  9. Pittsburgh – $39,271
  10. Chicago – $39,242

The average student loan debt among Credit Karma members broken out by generation:

Generation Average student loan debt
Generation Z $15,626
Millennial $31,532
Generation X $42,114
Baby boomers $43,680
Silent $35,418

The average auto loan debt among Credit Karma members by credit score band:

Credit score band Average student loan debt
Sub Prime (300-600) $28,640
Near Prime (601-660) $32,270
Prime (661-780) $34,387
Super Prime (781-850) $33,341

Credit scores from March through May 2022


The average VantageScore 3.0 credit score for Credit Karma members was 674, but the median was a little higher at 683. Both fall in the prime range.

The states with the highest average VantageScore 3.0 credit scores among Credit Karma members were:

Rank State Average score

1

Massachusetts

694

1

New Hampshire

694

2

Washington

693

3

Minnesota

692

3

Vermont

692

4

Oregon

691

5

Utah

689

There were ties for the first- and third-highest average scores.

The five states with the lowest average VantageScore 3.0 credit scores among Credit Karma members were:

Rank State Average score

50

Mississippi

646

49

Arkansas

652

48

Louisiana

653

47

Alabama

655

46

South Carolina

658

The average VantageScore 3.0 score among Credit Karma members broken out by generation:

Generation Average VantageScore 3.0 Median VantageScore 3.0

Generation Z

654

666

Millennial

667

672

Generation X

673

678

Baby boomers

705

730

Silent

701

764

Generation and credit scores had a positive correlation, which means that being older is associated with better scores.

Account status from March through May 2022


Past-due accounts

For this report, past-due accounts are any credit card, mortgage, student loan, medical loans, auto lease or auto loan accounts that are overdue by more than 30 days.

Credit Karma members had an average of 0.75 past-due accounts from March through May 2022.

The state with the highest average of past-due accounts was Mississippi at 1.05. Oregon had the lowest average of past-due accounts at 0.57. The table below has the average number of past-due accounts for all states.

State Average number of past-due accounts for Credit Karma members

Alabama

0.85

Alaska

0.76

Arizona

0.68

Arkansas

0.85

California

0.67

Colorado

0.66

Connecticut

0.82

Delaware

0.84

District of Columbia

0.71

Florida

0.73

Georgia

0.81

Hawaii

0.68

Idaho

0.63

Illinois

0.76

Indiana

0.76

Iowa

0.74

Kansas

0.73

Kentucky

0.76

Louisiana

0.96

Maine

0.72

Maryland

0.91

Massachusetts

0.76

Michigan

0.74

Minnesota

0.65

Mississippi

1.06

Missouri

0.76

Montana

0.65

Nebraska

0.74

Nevada

0.69

New Hampshire

0.74

New Jersey

0.80

New Mexico

0.86

New York

0.81

North Carolina

0.81

North Dakota

0.70

Ohio

0.73

Oklahoma

0.78

Oregon

0.57

Pennsylvania

0.80

Rhode Island

0.74

South Carolina

0.81

South Dakota

0.67

Tennessee

0.75

Texas

0.84

Utah

0.63

Vermont

0.75

Virginia

0.80

Washington

0.60

West Virginia

0.97

Wisconsin

0.62

Wyoming

0.80

The average number of accounts past-due is broken out by VantageScore 3.0 credit score bands below:

Credit score band Average number of past-due accounts for Credit Karma members

Sub Prime (300-600)

1.62

Near Prime (601-660)

1.00

Prime (661-780)

0.43

Super Prime (781-850)

0.06

The average number of past-due accounts is broken out by generation below:

Generation Average number of past-due accounts for Credit Karma members

Generation Z

0.36

Millennial

0.73

Generation X

0.98

Baby boomers

0.70

Silent

0.53

Accounts in collections

For this report, accounts in collections are any credit card, mortgage, student loan, medical loan, auto lease or auto loan accounts that have been sent to collections agencies, according to their credit reports. Creditors may have different standards for when they transfer debt to collections, but the typical cut off is 120 to 150 days past due. For this report, we’re able to determine if an account is in collections but not how many days past-due it is.

Among Credit Karma members with accounts in collections, the average number of such accounts from March through May 2022 was 2.6.

The table below shows the average number of accounts in collections for Credit Karma members who had accounts in collections.

State Among Credit Karma members with accounts in collections, the average number of accounts in collections

District of Columbia

1.69

Alaska

1.77

Massachusetts

1.86

Hawaii

1.87

Minnesota

1.89

Oregon

1.92

Rhode Island

1.98

South Dakota

2.01

New Hampshire

2.04

New York

2.06

Vermont

2.08

New Jersey

2.09

Maryland

2.10

Connecticut

2.14

California

2.15

North Dakota

2.19

Washington

2.20

Colorado

2.21

Nebraska

2.25

Arizona

2.27

Michigan

2.34

New Mexico

2.36

Pennsylvania

2.38

Mississippi

2.42

Iowa

2.43

Idaho

2.47

Florida

2.52

Arkansas

2.53

Louisiana

2.56

Georgia

2.63

Illinois

2.66

Montana

2.67

Texas

2.70

Virginia

2.73

Ohio

2.77

Oklahoma

2.80

Nevada

2.80

Indiana

2.84

Delaware

2.87

North Carolina

2.90

Tennessee

2.93

Alabama

2.94

Missouri

3.02

South Carolina

3.06

West Virginia

3.20

Kentucky

3.20

Kansas

3.21

Utah

3.22

Maine

3.36

Wyoming

3.54

Wisconsin

3.58

The average number of accounts in collections is broken out by VantageScore 3.0 credit score bands below:

Credit score band Average number of accounts in collections for Credit Karma members

Sub Prime (300-600)

3.18

Near Prime (601-660)

2.18

Prime (661-780)

1.25

Super Prime (781-850)

0.63

The average number of accounts in collections is broken out by generation below:

Generation Average number of accounts in collections for Credit Karma members

Generation Z

2.09

Millennial

2.57

Generation X

2.76

Baby boomers

2.44

Silent

2.09

Credit demand from March through May 2022


Credit inquiries are applications for new credit, such as credit cards or loans, for this report. During March through May 2022, Credit Karma members averaged 4.10 credit inquiries.

Credit Karma members in Colorado had the lowest average number of inquiries at 3.1, while members in Mississippi had the highest at 4.7.

State Credit Karma members’ average inquiries

Alabama

4.5

Alaska

3.6

Arizona

4.2

Arkansas

4.7

California

3.8

Colorado

3.1

Connecticut

3.9

Delaware

4.4

District of Columbia

3.7

Florida

4

Georgia

4.2

Hawaii

3.5

Idaho

3.6

Illinois

4.5

Indiana

4.6

Iowa

4.2

Kansas

4.3

Kentucky

4.7

Louisiana

4.3

Maine

4.2

Maryland

4.1

Massachusetts

3.5

Michigan

4.3

Minnesota

3.7

Mississippi

4.7

Missouri

4.4

Montana

3.8

Nebraska

4.1

Nevada

4

New Hampshire

3.9

New Jersey

3.8

New Mexico

4.2

New York

3.6

North Carolina

4.1

North Dakota

3.6

Ohio

4.5

Oklahoma

4.5

Oregon

3.5

Pennsylvania

4.2

Rhode Island

3.8

South Carolina

4.2

South Dakota

3.9

Tennessee

4.1

Texas

4.5

Utah

3.5

Vermont

4.3

Virginia

4

Washington

3.7

West Virginia

4.4

Wisconsin

4.6

Wyoming

3.9

The average number of credit inquiries by Credit Karma members is broken out by VantageScore 3.0 credit score bands below:

Credit score band Average number of inquiries for Credit Karma members

Sub Prime (300-600)

5.40

Near Prime (601-660)

4.66

Prime (661-780)

3.35

Super Prime (781-850)

2.35

Below are the average number of credit inquiries by Credit Karma members broken out by generation:

Generation Average number of inquiries for Credit Karma members

Generation Z

3.56

Millennial

4.13

Generation X

4.56

Baby boomers

3.65

Silent

2.92

Methodology and contact information


This report drew on 77.6 million Credit Karma users who had been active on the site within the last 36 months. All aggregate data analyzed was pulled between May 30 and June 9, 2022, and came from members’ TransUnion credit reports. Averages were based on information from the previous 90 days.

For any sections relating to city-based metrics, the study only considered the 100 largest U.S. cities by population according to the 2021 U.S. Census estimates.

Please contact gaby.lapera@creditkarma.com with any inquiries about this article.


About the author: Gaby Lapera is a researcher and writer at Credit Karma and a personal finance expert. She also spends time working on investing and science communication. Gaby graduated with a master's degree in biological anthropolo… Read more.