Vermont Ranks Second in States with Highest Credit Scores

The average credit score in the U.S. was 675 last year—the highest since 2012, according to Experian’s State of Credit: 2017 survey. More Americans fall on the higher end of the credit score spectrum, with 22 percent having “super-high” credit scores between 781 to 850 and 21 percent having “deep subprime” or very low credit scores below 600. Minnesota has the highest credit scores in the country, averaging 709.

Mortgage debt was up sharply in 2017, rising to an average $201,811 per borrower from $196,014 in 2016, which Experian says is a reflection of the quick run-up in home prices. Millennials’ mortgage debt increased 6.8 percent, from $185,668 to $198,302, in just one year, the report shows.

According to Experian, the top 10 states with the highest average credit scores are:

  1. Minnesota: 709
  2. Vermont: 702
  3. New Hampshire: 701
  4. South Dakota: 700
  5. Massachusetts: 699
  6. North Dakota: 697
  7. Wisconsin: 696
  8. Iowa: 695
  9. Nebraska: 695
  10. Hawaii: 693

On the other hand, the states with the lowest average credit scores are:

  1. Mississippi: 647
  2. Louisiana: 650
  3. Georgia: 654
  4. Alabama: 654
  5. Nevada: 655
  6. Texas: 656
  7. Oklahoma: 656
  8. South Carolina: 657
  9. Arkansas: 657
  10. West Virginia: 658

Source: “State of Credit: 2017,” Experian (Jan. 11, 2018)