Midwest and New England States Have Highest Credit Scores

Number of the Day: The most relevant or interesting figure in personal finance


That’s how many states there are with an average FICO consumer credit score higher than the national average of 716, a new report showed.

Most of these states (plus the District of Columbia) are in the upper Midwest and New England, FICO said in a recent report.  Minnesota and Vermont topped the list, coming in at 742 and 738, respectively, while Wisconsin and North Dakota tied for third at 736. FICO scores—a popular type of credit score FICO says is used by more than 90% of top lenders when making lending decisions—range from 300 to 850, and 670 to 739 is considered by lenders to be “good.”

With higher FICO scores, more Americans have a better chance of qualifying for better terms and interest rates on credit cards, mortgages, and other loans. The rise in FICO scores reflects consumers’ improved finances during the pandemic, which were bolstered by government aid and higher savings.

FICO said scores have risen across the country as consumer habits have changed. For example, the percentage of the population with one or more recent delinquencies reported has dropped roughly five percentage points as of April from the year-ago period. Consumers are also using their credit cards less and requesting less credit.

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The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy.
  1. Fair Isaac Corp. “2021 Credit Trends in the US by City and State.”

  2. myFICO.com. “What Is a FICO Score and Why Is It Important?

  3. National Bureau of Economic Research. “Most Stimulus Payments Were Saved or Applied to Debt.”

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