What Is America’s Real Credit Score?
A credit score is more than just a financial number — it indicates the financial health of our country as a whole. How is America doing financially? How well are you doing against the average?
We’ve created this infographic to give you a snapshot of our country’s financial health. When you compare your numbers to these, you’ll have a better idea of how you stack up to the national averages.
Average Credit Scores by State
This section gives you a quick idea on which states feature the highest — and lowest — credit scores, using a red-green color scale. The redder the state, the lower the score. Greener states are those with the highest credit scores. The scale ranges from 668 at its lowest to 718 at its highest.
In general, northern states appear to have healthier credit scores than southern states. The middle of the country falls in between and the south has the lowest.
How does your credit score compare to your state’s average?
Best and Worst Cities for Credit Scores
Two cities tie for the highest score of 716 — Rochester, MN and Mankato, MN. The other three cities — Sioux Falls, SD; Minneapolis, MN; and Green Bay, WS — follow behind at just three points lower. It’s no surprise all five cities are colored green on the map.
The states with the lowest credit scores are located in Texas, California, Georgia and Mississippi. As with the cities with the highest credit scores, these cities correlate to the red-green scale map — the lowest scoring cities are found in the red states from the map.
Is your city listed? How does your credit score compare to your city’s average?
Credit Scores by Age
When it comes to age, it directly correlates to credit score. The younger you are, the lower your score probably is. Nationally, those over 66 years old hold the highest credit score average at 735. Baby boomers follow at 700. The generations with the lowest credit scores are Millennials (ages 19-29) and Generation X (ages 30-46).
There are some good reasons why older generations typically have higher credit scores. First, they had more opportunity to build credit. With regular, timely payments over the years, they have been able to bump up their credit scores. Compared to younger generations, they also had more time to create income and lower their debt-credit ratio. The older generation also has more experience with finances than their younger counterparts.
Credit Scores by Email Domain
The final section gives a snapshot of credit score based on email address. Comcast users tend to have the highest credit score — with a 667 average — while Yahoo! users have the lowest — 617 on average.
Do you match up to your email domain’s average? Check out the infographic to see where you stand!