Minneapolis residents have the best average credit scores in the country, according to a report by Experian, one of three major credit-reporting bureaus in America.

Minneapolis ranks no. 1 with an average credit score of 787, followed by Madison, WI with an average of 786. Duluth also makes the list at no. 10 with an average credit score of 777.

Jason Plank, a financial planner and president-elect of the Financial Planning Association of Minnesota, tells the Star Tribune the Minneapolis ranking no. 1 can be attributed to a conservative, Midwestern approach to debt.

However, outside of Minneapolis, City Pages says Minnesota as a whole was ranked the most fiscally irresponsible state in the Upper Midwest. An April study found that a typical Minnesotan had about $10,355 in credit card debt.