Americans are known for racking up credit-card debt, but just how much we have in total is shocking. At the beginning of 2022, Americans owed over $1 trillion in credit-card debt. Big debt increases during 2021 wiped out progress made from record-setting payoffs in 2020 made possible by stimulus checks.
Americans aren’t all in the same boat when it comes to credit-card debt, though. People in some states charge less than others, whether because they have been less impacted by the pandemic, are more responsible about their finances or a number of other factors. To determine which states have the least and most sustainable credit-card debts, WalletHub drew upon TransUnion credit data to calculate the cost and time required to pay off the median card balances of each of the 50 states and the District of Columbia.
Main Findings
States with the Highest & Lowest Credit-Card Debts
Rank* | State | Median Credit-Card Debt | Cost to Pay off | Months & Days Until Payoff |
---|---|---|---|---|
1 | Alaska | $3,206 | -$392 | 17 months and 27 days |
2 | District of Columbia | $2,788 | -$328 | 17 months and 3 days |
3 | Washington | $2,471 | -$249 | 14 months and 21 days |
4 | Vermont | $2,181 | -$216 | 14 months and 12 days |
5 | Wyoming | $2,324 | -$229 | 14 months and 10 days |
6 | Oregon | $2,208 | -$217 | 14 months and 7 days |
7 | Montana | $2,227 | -$219 | 14 months and 7 days |
8 | New Hampshire | $2,372 | -$231 | 14 months and 3 days |
9 | Massachusetts | $2,344 | -$228 | 14 months and 3 days |
10 | Colorado | $2,646 | -$251 | 13 months and 25 days |
11 | North Dakota | $2,174 | -$204 | 13 months and 19 days |
12 | Minnesota | $2,150 | -$201 | 13 months and 17 days |
13 | Idaho | $2,104 | -$197 | 13 months and 17 days |
14 | South Dakota | $2,048 | -$191 | 13 months and 16 days |
15 | Virginia | $2,461 | -$229 | 13 months and 15 days |
16 | Connecticut | $2,529 | -$235 | 13 months and 15 days |
17 | Kansas | $2,207 | -$204 | 13 months and 12 days |
18 | Utah | $2,225 | -$204 | 13 months and 8 days |
19 | Arizona | $2,215 | -$202 | 13 months and 6 days |
20 | New Mexico | $2,057 | -$186 | 13 months and 2 days |
21 | California | $2,260 | -$201 | 12 months and 29 days |
22 | Michigan | $2,049 | -$182 | 12 months and 28 days |
23 | Maryland | $2,448 | -$217 | 12 months and 28 days |
24 | Wisconsin | $1,919 | -$170 | 12 months and 26 days |
25 | Texas | $2,404 | -$212 | 12 months and 24 days |
26 | Rhode Island | $2,195 | -$191 | 12 months and 18 days |
27 | Missouri | $2,063 | -$179 | 12 months and 17 days |
28 | Maine | $2,015 | -$175 | 12 months and 16 days |
29 | North Carolina | $2,155 | -$187 | 12 months and 15 days |
30 | New Jersey | $2,464 | -$213 | 12 months and 15 days |
31 | South Carolina | $2,189 | -$188 | 12 months and 13 days |
32 | Illinois | $2,227 | -$191 | 12 months and 10 days |
33 | Georgia | $2,296 | -$194 | 12 months and 6 days |
34 | Florida | $2,285 | -$193 | 12 months and 5 days |
35 | New York | $2,245 | -$189 | 12 months and 3 days |
36 | Oklahoma | $2,174 | -$182 | 12 months and 1 day |
37 | Delaware | $2,203 | -$184 | 12 months and 1 day |
38 | Indiana | $1,932 | -$162 | 12 months |
39 | Nevada | $2,212 | -$181 | 11 months and 26 days |
40 | Alabama | $2,013 | -$163 | 11 months and 22 days |
41 | Nebraska | $2,029 | -$164 | 11 months and 21 days |
42 | Hawaii | $2,377 | -$192 | 11 months and 20 days |
43 | Ohio | $2,013 | -$162 | 11 months and 20 days |
44 | Pennsylvania | $2,033 | -$159 | 11 months and 6 days |
45 | Kentucky | $1,857 | -$145 | 11 months and 5 days |
46 | Tennessee | $2,073 | -$161 | 11 months and 3 days |
47 | Louisiana | $2,083 | -$158 | 10 months and 29 days |
48 | Iowa | $1,809 | -$137 | 10 months and 29 days |
49 | West Virginia | $1,860 | -$140 | 10 months and 27 days |
50 | Arkansas | $1,949 | -$144 | 10 months and 19 days |
51 | Mississippi | $1,806 | -$121 | 9 months and 18 days |
*1 = Least Sustainable Credit-Card Debt

- Highest
- 1. Alaska
- 2. District of Columbia
- 3. Colorado
- 4. Connecticut
- 5. Washington

- Lowest
- 47. Wisconsin
- 48. West Virginia
- 49. Kentucky
- 50. Iowa
- 51. Mississippi

- Lowest
- 1. Mississippi
- 2. Arkansas
- 3. New Mexico
- 4. Florida
- 5. West Virginia

- Highest
- 47. Maryland
- 48. New Jersey
- 49. Connecticut
- 50. Massachusetts
- 51. District of Columbia

- Longest
- 1. Alaska
- 2. District of Columbia
- 3. Washington
- 4. Vermont
- 5. Wyoming

- Shortest
- 47. Louisiana
- 48. Iowa
- 49. West Virginia
- 50. Arkansas
- 51. Mississippi
Ask the Experts
With Americans owing over $1 trillion in credit-card debt, we asked a panel of credit experts to shed light on the unsustainable credit behavior that leads to such negative results and their effects on the economy. Click on the experts’ profiles to read their bios and thoughts on the following key questions:
- What daily behaviors lead people to amass credit-card debt?
- What are the key situations when going into debt is worth it?
- What are three easy steps a person should take in order to become debt-free?
- As a result of the COVID-19 crisis, millions of Americans have experienced unexpected setbacks for their personal finances. What steps can a person take to be better prepared for unpredicted financial difficulties?
- What role, if any, should government play in incentivizing and encouraging people to maintain low debt-to-income ratios (e.g., through tax incentives)?
Ask the Experts
Ph.D., CPA – Professor of Accounting, LaPenta School of Business – Iona University
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MBA, CPA, CGMA – Program Director of Accounting, Associate Professor of Accounting – Nazareth College School of Business and Leadership
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Professor of Finance and Real Estate, Director, LKCM Center for Financial Studies, Neeley School of Business – Texas Christian University
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Arbuckle Professor, Harvard Business School; Founding Chair & Director, Harvard University Advanced Leadership Initiative (2005-2018)
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Ph.D. – Professor, Department of Economics, Finance & Real Estate – Monmouth University
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Ph.D. – Associate Professor of Finance, Reiman School of Finance, Daniels College of Business – University of Denver
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Methodology
In order to determine the states with the most and least sustainable credit-card debts, we first looked at the median credit-card balances and credit card payments of residents in each of 50 states and the District of Columbia as of September 2021, based on TransUnion data. Our analysis includes credit cards that carried a balance and excludes store cards.
Using the median credit-card balance and monthly credit card payment of residents in each state, we determined the required number of months to pay off that balance and the resulting finance charges. In order to do so, we made the following assumption:
- Consumers would pay an average 16.17 percent interest rate, based on the APR paid by existing cardholders, according to the average interest rate assessed on accounts with finance charges. Using that percentage, we computed the cost of paying off the state’s median credit-card balance.
Finally, we ranked the states based on the calculator’s outputs. Rank 1 corresponds with the state with the least sustainable credit-card debt — that is, the state with the longest payoff timeline.
Sources: Data used to create this ranking were collected from the U.S. Census Bureau, Federal Reserve and TransUnion.