Wichita, with a population of nearly 396,000, according to 2020–2021 U.S. census estimates, is the largest city in Kansas and 49th-largest in America. Credit Karma data from Aug. 17, 2022, shows that the 98,076 Credit Karma members who live in Wichita have an average overall debt of $35,458. 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 Wichita.
Overall debt in Wichita
The 98,076 Credit Karma members living in Wichita held a combined total debt of approximately $6.19 billion. The average overall debt for individuals was $35,458, but the median overall debt was only $10,945. This suggests that a segment of Wichita residents carry higher debt compared to the rest of the population. The average next payment on that debt is $386.
In contrast, the national average debt for Credit Karma members is $49,454, and the median is $11,223.
Wichita’s debt dial
Image: wichitadebtgauge-1Auto loans, student loans, mortgage and credit card debt in Wichita
The table that follows contains averages and medians for different types of debt among Credit Karma members in Wichita.
| Debt type | Number of Credit Karma members with debt type | Average debt | Median debt | Average next payment |
|---|---|---|---|---|
| Auto loan | 74,197 | $21,819 | $16,808 | $540 |
| Student loan | 41,616 | $28,274 | $15,530 | $30 |
| Mortgage | 35,156 | $148,652 | $124,099 | $1,195 |
| Credit card | 88,829 | $5,572 | $2,542 | $157 |
So how do residents of Wichita compare to the national member averages? The table that follows compares the national average against the averages in Wichita among Credit Karma members.
| Debt type | National average debt of Credit Karma members | Wichita member average debt |
|---|---|---|
| Auto loan | $24,042 | $21,819 |
| Student loan | $32,004 | $28,274 |
| Mortgage | $235,194 | $148,652 |
| Credit card | $6,469 | $5,572 |
Overall, Credit Karma members in Wichita had less debt than the national average across all categories. What really stands out is the average mortgage debt in Wichita, which is almost $90,000 less than the national average.
How does Wichita 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, Wichita has the 93rd-highest overall average debt among Credit Karma members. In other words, Wichita has the 8th-lowest overall average debt among Credit Karma members.
Here’s how Wichita members ranked against the other top 100 cities in America.
- Auto loan debt: 71st highest
- Credit card debt: 86th highest
- Student loan debt: 86th highest
- Mortgage debt: 97th highest
Credit, inquiries and past-due accounts in Wichita
Among Credit Karma members in Wichita, the average VantageScore 3.0 credit score was 662 and the median was 667, both of which are considered good. The national average VantageScore 3.0 for Credit Karma members was 673, while the median was 682.
Wichita members had an average of 4.8 inquiries on their credit reports, while the national average was 4.2.
Residents of Wichita average 0.74 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 98,000 Credit Karma members living in Wichita 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.