Arizona Among Top 20 States For Credit Card Debt

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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
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