The average Minnesota borrower has $4,541 in credit card debt, according to credit rating agency TransUnion. Sound like a lot? It's not, when it's compared with other states – Minnesota ranks 43rd.
The Washington Post has a new map with state data that shows Minnesota has among the lowest debt rates per borrower of any state in the nation.
States with the highest debt:
1. Alaska, $6,910 per credit card holder
2. Colorado, $5,625
3. Connecticut, $5,617
4. North Carolina, $5,548
5. District of Columbia, $5,499
States with the least debt:
43. Minnesota, $4,541
47. West Virginia, $4,315
48. Nebraska, $4,298
49. South Dakota, $4,236
50. North Dakota, $4,011
51. Iowa, $3,885
In a separate report, TransUnion reported last week that credit card delinquencies and debt hover near historic lows nationwide.
Minnesota is also near the bottom of a list of states ranked by credit card delinquencies (more than 90 days past due).
In a related ranking done last fall, Minneapolis ranked at the top among cities for credit score ratings.