To say Americans have a lot of credit card debt would be an understatement. The collective tab sits at over $1.2 trillion, around $116 billion of which came from last year alone.
While some parts of the country like Arizona are racking up credit card debt at an alarming rate, other areas are contributing less to the debt increase.
- Increase in Arizona Debt: The average credit card debt in Arizona increased by $930,454,109 in Q2 2023.
- Average Arizona Household Debt: The average household in Arizona owes $8,294 in credit card debt.
- Arizona Rank: Arizona’s credit card debt increase ranks as the 15th highest in the nation.
To determine the states with the largest and smallest credit card debt increases, WalletHub compared the 50 states based on the latest consumer-finance data available from TransUnion and the Federal Reserve, adjusted for inflation.
States with Largest and Smallest Credit Card Debt Increase: Q2 vs. Q1
| Overall Rank* | State | Household Credit Card Debt | Household Credit Card Debt Increase | Total Credit Card Debt | Total Credit Card Debt Increase |
|---|---|---|---|---|---|
| 1 | California | $9,796 | $409 | $152,707,028,131 | $5,412,310,336 |
| 2 | Texas | $9,216 | $385 | $111,299,095,554 | $3,944,711,993 |
| 3 | Florida | $9,053 | $378 | $87,100,047,481 | $3,087,038,580 |
| 4 | New York | $8,964 | $375 | $79,608,721,593 | $2,821,527,680 |
| 5 | Illinois | $8,046 | $336 | $46,785,492,452 | $1,658,192,210 |
| 6 | Pennsylvania | $7,517 | $314 | $45,638,259,152 | $1,617,531,457 |
| 7 | Georgia | $8,976 | $375 | $41,132,589,305 | $1,457,839,505 |
| 8 | Ohio | $6,862 | $287 | $38,478,365,000 | $1,363,767,308 |
| 9 | New Jersey | $9,468 | $396 | $37,935,342,142 | $1,344,521,250 |
| 10 | North Carolina | $7,671 | $321 | $36,505,559,579 | $1,293,846,261 |
| 11 | Virginia | $8,922 | $373 | $34,185,723,807 | $1,211,625,611 |
| 12 | Michigan | $7,036 | $294 | $33,002,084,763 | $1,169,674,550 |
| 13 | Washington | $8,463 | $354 | $29,263,052,269 | $1,037,154,100 |
| 14 | Massachusetts | $8,364 | $350 | $26,778,059,145 | $949,079,869 |
| 15 | Arizona | $8,294 | $347 | $26,252,537,823 | $930,454,109 |
| 16 | Maryland | $9,255 | $387 | $25,044,617,827 | $887,642,472 |
| 17 | Tennessee | $7,635 | $319 | $23,996,529,679 | $850,495,666 |
| 18 | Colorado | $8,644 | $361 | $22,712,539,058 | $804,987,900 |
| 19 | Indiana | $6,779 | $283 | $20,969,044,134 | $743,194,178 |
| 20 | Missouri | $7,220 | $302 | $20,725,310,386 | $734,555,659 |