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Since good credit scores are increasingly important for borrowing and employment, I thought you all would appreciate this fun infographic from howmuch.net looking at States by credit score and household income.
From their site:
Methods:
We gathered our data from two different places. We used average credit score numbers from the VantageScore system. We color-coded each state according to the average credit score of people living there: states with high numbers were colored shades of green, and states with low scores became red and pink. We also took median household income numbers from the U.S. Census Bureau, allowing us to adjust the size of each state. Analyzing credit scores and income data in this way allows us to see a couple interesting trends in the economy.
Findings
Three large groups of similar states are immediately obvious on the map. There’s a group of green states stretching from the Northwest across the Northern Great Plains, all the way to the Great Lakes. All of these states have similar credit scores over 685 and decent-sized incomes, with Minnesotans in the lead with a score of 722 and a median income of $63,217. There’s another pocket of rich states in the Northeast, the richest being Massachusetts at 706 and $70,954. And finally, there’s a large group of states across the Deep South where people on average have very bad credit scores. Mississippians post the worst scores in the country (648) and make comparatively less on average ($40,528). In other words, our map quickly demonstrates which parts of the country are enjoying an economic expansion, and which places are struggling.
Full study: howmuch.net
From their site:
Methods:
We gathered our data from two different places. We used average credit score numbers from the VantageScore system. We color-coded each state according to the average credit score of people living there: states with high numbers were colored shades of green, and states with low scores became red and pink. We also took median household income numbers from the U.S. Census Bureau, allowing us to adjust the size of each state. Analyzing credit scores and income data in this way allows us to see a couple interesting trends in the economy.
Findings
Three large groups of similar states are immediately obvious on the map. There’s a group of green states stretching from the Northwest across the Northern Great Plains, all the way to the Great Lakes. All of these states have similar credit scores over 685 and decent-sized incomes, with Minnesotans in the lead with a score of 722 and a median income of $63,217. There’s another pocket of rich states in the Northeast, the richest being Massachusetts at 706 and $70,954. And finally, there’s a large group of states across the Deep South where people on average have very bad credit scores. Mississippians post the worst scores in the country (648) and make comparatively less on average ($40,528). In other words, our map quickly demonstrates which parts of the country are enjoying an economic expansion, and which places are struggling.
Full study: howmuch.net