Here’s where Americans have the highest credit scores

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America is currently participating in what is tantamount to a nationwide credit repair, with the average credit score in the United States hitting 703 in 2019, according to Consumer Credit Review by Experian. This is up 2.03% from 2010 when the average credit score in the US was just 689.

You can see a line chart demonstrating the national average credit score over time here.

Image Credit: AndreyPopov / iStock.

Be vigilant of your credit

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On the whole, the U.S. is doing well for itself when it comes to credit. The rising average over the last decade points to not just a growing economy, but a willingness to take on credit and use it responsibly. A majority of the US populace falls into the “Good” credit category, and with that comes access to a variety of credit card resources

Maintaining good credit is the goal. A few simple things to keep in mind are to be aware and be proactive. Remember when you apply for a loan or credit card, it gets on your credit report as a hard inquiry and brings down your score. Prove that you are a responsible borrower and keep your credit accounts in good standing by being on time and being vigilant.

Image Credit: depositphotos.com.

Does higher education mean higher credit scores?

Education matters, at least in regard to your credit score. We found a moderately positive correlation between a state’s average credit score and percentage of the adult population in each state with a bachelor’s degree or higher. In short, the higher the proportion of a state’s population with a bachelor’s degree or higher, the higher the credit score.

A notable exception is Washington, D.C. While not a state, the nation’s capital is home to a far higher percentage of people with a bachelor’s degree when compared to the rest of the U.S., and yet its average credit score is 703 — in line with the nation’s average.

Image Credit: DepositPhotos.com.

How is America’s credit?

The average credit score of 66% of the American population actually falls within the “good” credit category, according to Experian.

The average credit score has risen steadily for the better part of a decade and, along with the growing number of Americans with good credit, the number of Americans with very poor credit is on the way down.

In 2010, roughly 1/5 (21%) of Americans had a credit score of 300 to 579, or very poor. As of 2019, that number had dropped to just 16%.

Image Credit: 2019 Consumer Credit Review by Experian .

Methodology

We sourced credit card averages from the 2019 Experian Consumer Credit Review published on January 13, 2020. We calculated educational attainment using the Census Bureau’s 2018 American Community Survey 5-Year Estimates.

We define college education as a bachelor’s degree or higher. Some college education without attaining an associate or bachelor’s degree is not included.

Credit score ranges are defined as:

  • Very poor: 300–579
  • Fair: 580–669
  • Good: 670–739
  • Very good: 740–799
  • Exceptional: 800–850

Image Credit: depositphotos.com.

Which state has the highest average credit score?

We’ve made a countdown of the states with the lowest credit score to the highest credit score while listing what their credit scores were in 2018 and 2019.

Image Credit: ” bernardbodo”.

51. Mississippi

2018: 666

2019: 667

Image Credit: DepositPhotos.com.

50. Louisiana

2018: 675

2019: 677

Image Credit: DenisTangneyJr.

Tied 48. Texas

2018: 680

2019: 680

Image Credit: DenisTangneyJr.

Tied 48. Alabama

2018: 680

2019: 680

Image Credit: Sean Pavone.

47. South Carolina

2018: 680

2019:  681

Image Credit: SeanPavonePhoto.

Tied 45. Georgia

2018: 680

2019: 682

Image Credit: SeanPavonePhoto.

Tied 45. Oklahoma

2018: 682

2019: 682

Image Credit: DepositPhotos.com.

44. Arkansas

2018: 683

2019: 683

Image Credit: Tara Ballard.

Tied 42. Nevada

2018: 684

2019: 686

Image Credit: DepositPhotos.com.

Tied 42. New Mexico

2018: 685

2019: 686

Image Credit: Davel5957.

41. West Virginia

2018: 686

2019: 687

Image Credit: DepositPhotos.com.

40. Tennessee

2018: 689

2019: 690

Image Credit: Swarmcatcher.

39. Kentucky

2018: 691

2019: 692

Image Credit: DepositPhotos.com.

Tied 37. Florida

2018: 694

2019: 694

Image Credit: DepositPhotos.com.

Tied 37. North Carolina

2018: 693

2019: 694

Image Credit: DepositPhotos.com.

36. Arizona

2018: 694

2019: 696

Image Credit: reisegraf.

35. Indiana

2018: 698

2019: 699

Image Credit: f11photo.

Tied 33. Delaware

2018: 700

2019: 701

Image Credit: mdgmorris.

Tied 33. Missouri

2018: 700

2019: 701

Image Credit: DepositPhotos.com.

32. District of Columbia

2018: 700

2019: 703

Image Credit: dkfielding.

31. Maryland

2018: 701

2019: 704

Image Credit: DepositPhotos.com.

30. Ohio

2018: 704

2019: 705

Image Credit: dypics.

29. Michigan

2018: 705

2019: 706

Image Credit: haveseen.

28. Alaska

2018: 704

2019: 707

Image Credit: Chilkoot.

27. California

2018: 706

2019: 708

Image Credit: mlauffen.

Tied 25. Illinois

2018: 709

2019: 709

Image Credit: ibsky.

Tied 25. Virginia

2018: 708

2019: 709

Image Credit: tmersh.

Tied 23. Idaho

2018: 710

2019: 711

Image Credit: shanecotee.

Tied 23. Kansas

2018: 711

2019: 711

Image Credit: Getty.

Tied 21. New York

2018: 710

2019: 712

Image Credit: Eloi_Omella.

Tied 21. Wyoming

2018: 711

2019: 712

Image Credit: AnujSahaiPhotography.

Tied 19. Pennsylvania

2018: 711

2019: 713

Image Credit: weaver1234.

Tied 19. Rhode Island

2018: 710

2019: 713

Image Credit: DepositPhotos.com.

18. New Jersey

2018: 713

2019: 714

Image Credit: DepositPhotos.com.

17. Maine

2018: 712

2019: 715

Image Credit: DepositPhotos.com.

16. Utah

2018: 714

2019: 716

Image Credit: ” 4kodiak”.

15. Connecticut

2018: 716

2019: 717

Image Credit: traveler1116.

Tied 13. Colorado

2018: 716

2019: 718

Image Credit: DepositPhotos.com.

Tied 13. Oregon

2018: 716

2019: 718

Image Credit: DepositPhotos.com.

Tied 11. Iowa

2018: 720

2019: 720

Image Credit: JoeChristensen.

Tied 11. Montana

2018: 718

2019: 720

Image Credit: David Butler.

Tied 7. Hawaii

2018: 721

2019: 723

Image Credit: DepositPhotos.com.

Tied 7. Massachusetts

2018: 721

2019: 723

Image Credit: Rolf_52.

Tied 7. Nebraska

2018: 722

2019: 723

Image Credit: DepositPhotos.com.

Tied 7. Washington

2018: 721

2019: 723

Image Credit: 4nadia.

6. New Hampshire

2018: 722

2019: 724

Image Credit: DenisTangneyJr.

5. Wisconsin

2018: 718

2019: 725

Image Credit: FierceAbin.

4. Vermont

2018: 725

2019: 726

Image Credit: ” DonLand”.

Tied 2. North Dakota

2018: 726

2019: 727

Image Credit: DepositPhotos.com.

Tied 2. South Dakota

2018: 727

2019: 727

Image Credit: RiverNorthPhotography.

1. Minnsesota

2018: 732

2019: 733

This article originally appeared on Finder.com and was syndicated by MediaFeed.org.

Image Credit: Jacob Boomsma.

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