Experian is a credit reporting bureau, but it may be more accurate to characterize the company’s business as one focused on consumer information. The data they collect on people, even those with no relationship with the company, are substantial. This information was used to determine that the average consumer owed more than $4,200 in credit card debt in 2010.
Considering Experian’s methodology, it’s easy to legitimately dismiss that number. The company has very little data on people who do not have credit cards, so it’s fair to say that this number, if it amount is an average, is an average calculation for just those individuals or households that have credit card debt. It does include, however, those who pay off their bills in full every month, even though these credit card users have no revolving balances.
Using this information, the company ranked cities in the United States by average credit card debt. Here are the top 25 according to Experian’s study. Absent from this list are the major metropolises New York City, Los Angeles, and Philadelphia, where one might assume the majority of spending would take place.
|1. San Antonio, Texas||$5,177|
|2. Jacksonville, Florida||$5,115|
|3. Atlanta, Georgia||$4,960|
|4. Honolulu, Hawaii||$4,939|
|5. Dallas, Texas||$4,936|
|6. Norfolk, Virgina||$4,925|
|7. Seattle, Washington||$4,877|
|8. Austin, Texas||$4,791|
|9. Richmond, Virginia||$4,771|
|10. San Diego, California||$4,673|
|11. Baltimore, Maryland||$4,645|
|12. Columbus, Ohio||$4,361|
|13. Denver, Colorado||$4,608|
|14. Tallahassee, Florida||$4,605|
|15. Colorado Springs, Colorado||$4,601|
|16. Las Vegas, Nevada||$4,599|
|17. Washington, D.C.||$4,598|
|18. Augusta, Georgia||$4,575|
|19. Reno, Nevada||$4,575|
|20. Spokane, Washington||$4,572|
|21. Savannah, Georgia||$4,570|
|22. Phoenix, Arizona||$4,559|
|23. Miami, Florida||$4,555|
|24. Montgomery, Alabama||$4,532|
|25. Orlando, Florida||$4,525|
Updated October 9, 2016 and originally published March 4, 2011.