Florida
Florida’s score: 100.00 out of 100
Though the dollar amount of Florida’s average credit card debt wasn’t the highest (Washington, D.C. holds that position), the state ranks first for credit card debt as a percentage of income at 6.95%. As of the end of 2023, the average Floridian held $4,540 in debt, or sixth highest in the nation. Plus, over the last year, the Sunshine State saw a 13.22% increase in credit card debt, the third most significant nationwide.
Florida also ranked second highest in the country for credit card delinquency rates. Between the fourth quarter of 2022 and fourth quarter of 2023, delinquency rates rose from 9.37% to 11.68%, marking a concerning trend.
Louisiana
Louisiana’s score: 99.60 out of 100
Louisiana has the second-most struggles with credit card debt according to our study, thanks to a combination of factors. It currently has the ninth-highest credit card debt ($3,300) as a percent of income at 5.66%.
When it comes to delinquencies, the Pelican State doesn’t perform well either. It ranked sixth highest in the U.S., including a quarter-over-quarter increase of 10.98% in the fourth quarter of 2023 and an annual rise of 33.41% from the end of 2022.
Texas
Texas’ score: 99.06 out of 100
Everything’s bigger in Texas, including the debt of its residents. This state had the fourth-highest delinquency rate at 11.19% as of 2023’s fourth quarter. It also had the fifth-most change in credit card debt nationwide from 2022 to ‘23: Average credit card debt rose 13.10% from $3,650 to $4,200. On top of that, the Lone Star State had the 11th-highest credit card debt as a percentage of income (5.63%), putting it near the top of the list of states struggling the most with credit card debt.
Nevada
Nevada’s score: 97.33 out of 100
With the highest credit card delinquency rate in the country (12.95%), Nevada is another state struggling with credit card debt. Its delinquencies grew by 23.10% from 2022 to 2023. The debt amount also grew over the same time period, from $3,860 to $4,490. This takes their card debt as a percentage of income to 6.21%.
Georgia
Georgia’s score: 92.38 out of 100
Georgia rounds out our list of the five states struggling the most with credit card debt. The state has the third-highest debt amount relative to household income at 6.17%. It also saw a troubling 13.16% increase in average credit card debt from 2022 to 2023. Unfortunately, the Peach State also ranked eighth overall for credit card delinquency rates of 10.50%.