Credit Info Average Credit Score Statistics: Learn How Your Score Compares Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Turbo Modified Jun 1, 2022 3 min read Sources Advertising Disclosure The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service. Hopefully you’re already familiar with your credit score, but if not, you may be wondering how to check your credit score for free. Then, once you do know your score, it's important to know how it compares to the average American’s. In the years following the Great Recession, many Americans have had a rocky relationship with credit cards and debt resulting in some lower than average credit scores. Despite this period of turbulence, according to Experian’s 2017 State of Credit Report the average credit score is the highest it’s been since 2012. Before we get into the national averages, it’s good to have a baseline understanding of the credit score range and what is considered a good credit score. Scores do vary by provider and whether you’re looking at your FICO score or VantageScore, but here’s a general guideline to follow: Excellent Credit: 750+Good Credit: 700-749Fair Credit: 650-699Poor Credit: 600-649Bad Credit: below 600 What Is the Average American’s Credit Score? The average credit score in the U.S. in 2017 was 675. Average credit scores have been steadily increasing since 2013, meaning Americans are, on average, maintaining their credit better than in years past. Additionally, 2017 is first year there were more Americans with super-high credit scores than super-low credit scores. In 2017 22.3% of Americans fell into the super prime range and 21.2% fell into the deep subprime range. Despite this, credit card debt is on the rise, especially for younger Americans. The total debt has now surpassed $1 trillion, an all-time high. In order to truly understand how your score compares to the average, it’s helpful to look at averages by demographics like age and location. Average Credit Scores by Age Younger age groups tend to have lower credit scores for various reasons, including a lower average age of credit history. But even so, there’s a near 100 point difference from the average credit score of the Silent Generation compared to Gen Z. Interestingly, Gen Z also has significantly less credit cards per person at only an average of 1.4. Compare that to Baby Boomers who each have an average of 3.5 cards. Here’s a full list of the different generations and their average credit scores and number of credit cards: Silent Generation (born before 1946) 729 average VantageScore 3.0 average credit cards Baby Boomers (born 1947-1966) 703 average VantageScore 3.5 average credit cards Gen X (born 1967-1981) 658 average VantageScore 3.2 average credit cards Gen Y/Millennials (born 1982-1995) 638 average VantageScore 2.5 average credit cards Gen Z (born after 1996) 634 average VantageScore 1.4 average credit cards Average Credit Score by State There are some regional differences in average credit scores across the nation. Minnesota has the highest average credit score at 709 and Mississippi has the lowest at 647. On average, states in the Northeast and parts of the Midwest seem to trend towards higher credit scores, while Southern states tend to fall on the lower end. Top 10 States with the Highest Average Credit Scores Minnesota: 709 Vermont: 702 New Hampshire: 701 South Dakota: 700 Massachusetts: 699 North Dakota: 697 Wisconsin: 696 Iowa: 695 Nebraska: 695 Hawaii: 693 Top 10 States with the Lowest Average Credit Scores Mississippi: 647 Louisiana: 650 Georgia: 654 Alabama: 654 Nevada: 655 Texas: 656 Oklahoma: 656 South Carolina: 657 Arkansas: 657 West Virginia: 658 Average Credit Scores by Purchase You may also be wondering how your credit score compares to averages of people taking out loans for major purchases like buying a home or car. These numbers are by no means the rule, but should help give you an idea of the average: 753 - Average credit score of a home buyer 713 - Average credit score for a new car loan 656 - Average credit score for a used car loan 722 - Average credit score to lease a car If you’re planning to make a large purchase in the near future and need to improve your credit score, seeking assistance from a qualified professional can be a helpful way to get personalized insight and strategies. And if you’re worried about your credit score after seeing the averages, no need to fret! Whether you fall above or below the average, you can always work toward raising your credit score by understanding your credit history and making positive financial decisions. Written by Turbo More from Turbo Sources Experian | WalletHub | NerdWallet | NerdWallet | NerdWallet Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email. Δ Browse Related Articles Credit Score Chapter 03 : What Affects Your Credit Score? Credit Score Chapter 06: What Is a Good Credit Score? Credit Info What Your Credit Score Says About You Credit & Credit Cards Chapter 01 : What Is a Credit Score? Credit Score Chapter 04: What Are the Credit Score Ranges? Credit Info Chapter 04: What Credit Score Is Needed to Buy a House? Credit Score Chapter 07: How to Build Credit Credit Score Chapter 08: How to Increase Your Credit Score Credit Score Chapter 09: How to Check Your Credit Score on Your Cred… Credit Score Chapter 05 : What Credit Score Do You Start With?