Analysis: Delaware has 19th highest average credit card debt

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Delaware finished 19th in a study by the website 24/7 Wall St. examining average credit card debt among residents of the 50 states.

The average credit card balance in Delaware was $6,366, according to the analysis. In contrast, Americans on average owed $6,354 on credit cards issued by banks.

The average credit card score in the state stood at 672, and the cost of living in the state was 0.2 percent more than average. Scores that exceed 720 are considered excellent, while those under 630 are viewed as poor.

The average credit balances per person in the states come from Creditcards.com and reflect  2017 data, according to a post on the 24/7 Wall St. website. The average credit scores and average number of credit cards are based on 2017 data from Experian, and the U.S. Bureau of Economic Analysis provided the cost-of-living numbers, which were calculated for 2016.

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Which States Have the Highest Average Credit Card Debt?

RankState Cost of living Avg. credit scoreAvg. # of cardsAvg. balance
1Alaska 5.4% more than avg. 6683$8,515
2Connecticut 8.7% more than avg. 6903$7,258
3Virginia 2.3% more than avg. 6803$7,161
4New Jersey 13.2% more than avg. 6864$7,151
5Maryland 9.5% more than avg. 6723$7,043
6Hawaii 18.4% more than avg. 6933$6,981
7Texas 3.1% less than avg. 6563$6,902
8Colorado 3% more than avg. 6883$6,718
9Georgia 7.9% less than avg. 6543$6,675
10New York 15.6% more than avg. 6883$6,671
11Washington 5.5% more than avg. 6933$6,592
12New Hampshire 5.9% more than avg. 7013$6,490
13California 14.4% more than avg. 6803$6,481
14Illinois 1.1% less than avg. 6833$6,410
15Nevada 2.6% less than avg. 6553$6,401
16Arizona 4.1% less than avg. 6693$6,389
17Florida 0.3% less than avg. 6683$6,388
18Rhode Island 0.4% less than avg. 6873$6,375
19Delaware 0.2% more than avg. 6723$6,366
20Massachusetts 7.8% more than avg. 6993$6,327
21New Mexico 6.4% less than avg. 6593$6,317
22Oklahoma 11% less than avg. 6563$6,296
23Wyoming 3.3% less than avg. 6783$6,245
24South Carolina 9.7% less than avg. 6573$6,157
25Pennsylvania 1.6% less than avg. 6873$6,146
26North Carolina 9.1% less than avg. 6663$6,117
27Kansas 9.5% less than avg. 6803$6,082
28Louisiana 9.6% less than avg. 6503$6,074
29Oregon 0.2% less than avg. 6883$6,012
30Tennessee 9.8% less than avg. 6623$5,975
31Alabama 13.4% less than avg. 6543$5,961
32Utah 2.7% less than avg. 6833$5,960
33Vermont 1.6% more than avg. 7023$5,924
34Minnesota 2.5% less than avg. 7093$5,911
35Missouri 10.5% less than avg. 6753$5,897
36Montana 5.9% less than avg. 6893$5,845
37Ohio 10.7% less than avg. 6783$5,843
38Idaho 7% less than avg. 6813$5,817
39Maine 1.6% less than avg. 6893$5,784
40South Dakota 11.7% less than avg. 7003$5,692
41Arkansas 13.1% less than avg. 6573$5,660
42Nebraska 9.5% less than avg. 6953$5,630
43Michigan 6.7% less than avg. 6773$5,622
44Indiana 9.7% less than avg. 6673$5,581
45Kentucky 12.2% less than avg. 6633$5,555
46West Virginia 12.4% less than avg. 6583$5,547
47North Dakota 8.5% less than avg. 6973$5,511
48Mississippi 13.6% less than avg. 6473$5,421
49Wisconsin 7.2% less than avg. 6963$5,363
50Iowa 9.8% less than avg. 6953$5,155
Source: 247wallst.com; Creditcards.com; Experian; U.S. Bureau of Economic Analysis

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