Average Credit Score by State in 2024: See How Your State Ranks

Key Points

• It seems likely that the map shows average credit scores by state, with Mississippi at 680 and Minnesota at 742.

• Research suggests all states have "good" scores (670-739), except Minnesota, which is "very good" (740-799).

• There is controversy around data sources, as scores vary by agency (e.g., FICO, VantageScore).

Map Overview

The map highlights the average credit score in every state, based on Experian data from Q3 2024. It shows a range from 680 in Mississippi to 742 in Minnesota, with the national average at 715.

Key Data Points

• Lowest Score: Mississippi, 680.

• Highest Score: Minnesota, 742.

• National Average: 715, unchanged since late 2023.

---

A Comprehensive Analysis of the Map Highlighting Average Credit Scores by State

As of 09:50 AM PDT on Saturday, June 28, 2025, the map in question, sourced from Yahoo Finance and based on Experian data from the third quarter of 2024, provides a detailed visualization of average credit scores across all US states. This note offers an in-depth examination of the map, the data it represents, and the broader implications for financial health, drawing from recent analyses and expert insights.

Context and Background

Credit scores, typically measured by models like FICO (ranging from 300 to 850) or VantageScore, are critical indicators of financial health, influencing access to loans, credit cards, and insurance rates. The FICO score categorizes scores as follows: poor (300-579), fair (580-669), good (670-739), very good (740-799), and exceptional (800-850). The map, published on June 25, 2025, by Yahoo Finance, uses Experian data to highlight state-by-state averages, offering insights into regional financial behaviors .

The national average FICO credit score is 715, unchanged from late 2023, falling within the "good" category, which generally qualifies for favorable rates on financial products. This stability over 11 years reflects resilience in US consumer financial awareness, as noted by Experian .

Map Details and Data

The map visually represents the average credit score for each state, with the following key data points:

• Lowest Average Credit Score: Mississippi, at 680, which is at the lower end of the "good" range (670-739).

• Highest Average Credit Score: Minnesota, at 742, falling into the "very good" range (740-799), the only state in this category.

• National Average: 715, consistent with Experian’s Q3 2024 report.

All other states have average scores within the "good" range, indicating a generally strong financial health across the US, though with regional variations. The map likely uses color coding to differentiate scores, with darker shades possibly indicating higher scores, though specific color details are not provided in the text.

Additional insights from other sources, such as Money.com, confirm similar ranges, with Mississippi at 680 and Minnesota at 742, though their national average is slightly lower at 714, possibly due to different data collection periods .

Regional Trends and Factors

The map reveals regional trends, with Southern states like Mississippi, Louisiana (689), and Alabama (691) having lower averages, possibly due to economic factors like income levels and debt. Northern states, particularly Minnesota, show higher scores, potentially influenced by longer credit histories and higher financial literacy, as age is a significant factor in credit scores .

Key factors influencing credit scores, as mentioned in the Yahoo Finance article, include payment history and credit utilization, which can vary by state due to economic conditions. For example, states with higher debt levels, like Alabama with an average debt of $77,981, may see lower scores .

The following table summarizes the average credit scores for selected states, based on the Money.com data, which aligns with the map’s range:

State	Average FICO Score
Mississippi	680
Louisiana	689
Alabama	691
Minnesota	742

This table illustrates the spread, with Minnesota significantly higher, reinforcing the map’s visualization.

Implications and Controversy

The map’s data suggests that while most states have "good" credit scores, the variation indicates regional economic disparities. Minnesota’s "very good" score may reflect stronger financial habits, while Mississippi’s lower score could point to challenges in credit access or economic conditions. Controversy arises around the reliability of these averages, as different credit bureaus (Experian, Equifax, TransUnion) may report slightly different figures, and the choice of FICO Score 8 vs. other models can affect results .

Additionally, the map’s focus on state averages may mask individual variations, with age, income, and debt levels playing significant roles. For instance, older generations tend to have higher scores due to longer credit histories, as noted in Money.com’s analysis, which could skew state averages .

Historical Context

Historically, credit scores have been tracked by agencies since the 1980s, with FICO becoming the standard in the 1990s. The stability of the national average at 715 for over a decade, as reported by Experian, reflects improved financial education and economic resilience, though state-by-state variations have persisted, often correlating with economic development .

Conclusion

The map, as of June 28, 2025, highlights average credit scores by state, with Mississippi at 680, Minnesota at 742, and a national average of 715, based on Experian’s Q3 2024 data. It reveals regional trends and underscores the importance of credit health, though controversy around data sources and regional disparities suggests a complex picture. This visualization is a valuable tool for understanding financial health across the US, with implications for policy and personal finance.

Key Citations

• This map highlights the average credit score in every state - Yahoo Finance

• This Map Shows the Average Credit Score in Every State. How Do You Stack Up? - Money.com

• What’s the Average Credit Score in Each State? | Equifax

• What Is the Average Credit Score in the US? - Experian

• Average Credit Scores By State: How Does Yours Compare? | Bankrate

• The Average Credit Score in Each State — See Where Your State Ranks | Nasdaq

• The Average Credit Score by Age, State, and Year - Business Insider

• Average Credit Score by State (2024) | Credit Saint

标签:   游戏头条 资讯头条 ggamen科技资讯 ggamen科技 ggamen科技资讯头条 科技资讯头条 ggamen游戏财经 新闻网 科技新闻网 科技新闻 ggamen ggamen游戏新闻网 科技新闻 新闻网 ggamen游戏财经 科技资讯头条 ggamen科技资讯头条 ggamen科技 资讯头条 游戏头条 ggamen ggamen游戏新闻网 科技新闻 科技新闻网 ggamen游戏财经 科技资讯头条 ggamen科技资讯头条 ggamen科技 ggamen科技资讯 资讯头条