Among the substantial increases nationwide are auto loans and credit card debt, both of which increased by $57 billion over the year. Note: Debt per person and local-state borrowing divisions reflect 2015 census data, the most recently available source when Pew’s debt interactive was created. 4. 2. Nebraska: $39,400: $56,675: 0.70: 8. United States of America (National Debt: $19.23 trillion (USD)) Spain (National Debt: €1.09 trillion ($1.24 USD)) Singapore (National Debt: $350 billion ($254 billion US)) Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. This compares to a statewide average of $10,959. Kansas: $37,320: $55,477: 0.67: 3. While the average debt nationwide now stands at $51,000, there’s a large swing in debt by state: Washington, D.C. leads the nation with $88,450, with West Virginia in last place at $30,580. We will email you when we're ready, just drop your address in the box. Overall, Washington, D.C. has more than 3x more total debt per capita than West Virginia. In 2000, average state debt per capita was $1,942. The United States of America could be called the United States of Debt: recent data shows that Americans on average owe a total of over $51,000. Pedestrian fatalities per capita: 0.75. View previous maps here. Learn more about how Statista can support your business. Not surprisingly, states with smaller populations tend to have higher expenditures and revenues per capita. 3. The definition does not include underfunded pension obligations as state debt. On average it takes an Alaskan 20 months and a total of $992 in interest to clear their average card debt of almost $7,552. https://howmuch.net/articles/breakdown-each-state-debt-capita Compare this to a gross domestic product per capita of $58,388 and it’s no surprise that over one quarter of Americans have more credit card debt alone than their entire emergency savings. Do you think the coronavirus will affect the debt market? Reckless Index Score: 24.40. more credit card debt alone than their entire emergency savings, Visualizing America's Debt per Capita by State. If you are feeling the squeeze of mounting debts, or want to stay ahead of the seemingly endless debt cycle, check out our HowMuch debt consolidation guide. Total state and local government debt per capita by state listed in the next tables. Debt (Billions): $22,773.20 Debt Per Person ($): $69,162.19 2019 Gross Debt/GDP (%): 106.22. Long-term liabilities are higher than the national average, at 330 percent of total assets, or $12,816 per capita. A 472% increase in the rate of daily debt. Maryland: $72,310, 1. Debt per capita: $1,032.03. The public debt relative information provided by national sources (CIA) is not always objective and true, given the fact that … Click on the map to enlarge it. 1. This explosion in debt leaves one to wonder how long it will be until America’s debt bubble bursts. The Alaskan residents lead in credit card debts due to their inability to settle outstanding debts as promptly as other states. States are tasked to apply macroeconomic management operations to reduce debts. State: Total debt per capita: Median individual income: Debt-to-income ratio: 1. The Washington State Capitol Building in Olympia. The states with the highest debt burdens, such as California and Hawaii, are some of the most expensive states to live in, and Washington DC is one of the most expensive cities to live in. 3. Colorado: $73,890 Data for all 50 states and the District of Columbia are included in the following table, sorted alphabetically by state. James McAllister is a staff writer at Ballotpedia. 2. For our viz we use a radial chart comparing the overall total debt level for each state, with the totals broken down by subcategory. State-Level Debt-to-Income Ratio, 1999 - 2020 These maps illustrate the evolution of the median household debt-to-income ratio by state over time. United States. These will be for sale soon. Compare and rank State, Local Government Revenues by state from US Census Bureau data. Washington state ranks sixth in nation for per capita state debt. In 2018, the states with the least debt per capita were: Tennessee ($929 per capita) Nebraska ($1,068) Nevada ($1,135) Georgia ($1,266) Florida ($1,299). Visit us at Ballotpedia.org, or follow us on Facebook and Twitter. Share . That remains to be seen, but it appears that coronavirus may be bringing that reality closes: a market downturn threatens to expose a highly leveraged corporate market, which in turn could affect the consumer debt market. In states with the lowest debt-to-income ratios, residents have a higher percentage of credit card debt compared to residents in states with the highest DTI. Let Ballotpedia deliver the news straight to your inbox. Average life expectancy: 79.1. Data from the New York Fed from Q4 2019 reveals states differ when it comes to total household debt amounts, including student and auto loans, mortgages and credit card obligations. Ballotpedia is the digital encyclopedia of American politics and elections. In the long run, Illinois’s negative net asset ratio of 2.86 points to the use of debt and large unfunded obligations. Daily national debt during Trump’s Presidency has increased from $2.861 billion pre-lockdown (01/02/2017 - 03/16/20) per day to $16.366 billion since. Claim: About New York state: \"We have the highest debt per capita.\" The average per capita debt across all 50 states in 2018 was $3,600. In a report released in September 2017 by the nonprofit Truth in Accounting (TIA), states were ranked by taxpayer burden, a term that reflects "the amount each taxpayer would have to send to their state's treasury in order for the state to be debt-free" as of 2016. How does your state’s consumer debt compare to nationwide? The average per capita debt across all 50 states in 2018 was $3,600. Although debt per capita is dependent on debt levels and total population, states that are highly indebted have a comparatively higher debt per capita. Oklahoma: $33,890: $49,767: 0.68: 4. By Dori Monson Show January 24, 2019 at 8:32 am. Among this increase, household debt balances increased by $601, their largest increase since 2007. Arkansas: $33,950 39. 4. The average mortgage debt in Alabama is $21,880 per capita. Note the U.S. has an average 2.53 people per household, so the typical debt per household in the U.S. is $126,728. The tables below give the outstanding state debt for each of the 50 states as of 2015. In 2018, the gross federal debt amounted to around $65,600 U.S. dollars per capita. The high credit debts of the Alaskans is contributed by the economic situation in the state and seasonal job… $168,807,499,643 This information comes from the United States Census Bureau, a report produced by State Budget Solutions (SBS) focusing on state and local government budgets, and a report by Truth in Accounting focusing on debt per capita. For both measures, states are listed alphabetically and ranked from highest to lowest. Ohio: $37,160: $52,407: 0.71: 9. we can issue a permission document, granting non-exclusive rights to reproduce, store, publish, & distribute. All told, total debt is now 11.6% larger than its pre-Great Recession peak. Landfill trash per capita: 37.6 tons. Send requests to: permissions@howmuch.net. North Dakota: $42,230: $61,285: 0.69: 6. Do you want to republish our data visualizations and/or articles? Speeding tickets per capita: 487.04. Here are the 10 states with the highest debt per capita: Massachusetts ( $11161.84) … Kentucky: $34,910 California ranked 43rd, with a taxpayer burden … Almost 15% of all debt held in the nation’s capital is owed on student loan debt. Washington, D.C. Contact us at editor@ballotpedia.org. Per capita U.S. state and local government debt outstanding 2017, by state State and local debt in the U.S. as a percentage of GDP in 2017, by state Gross public debt of U.S. states 2000-2025 From coast to coast, debt is on the rise: total household debt hit a record high $14.2 trillion in the fourth quarter of 2019. Population growth is measured from 2008 to 2017 and revenue volatility from 1998 to 2017; both reflect census data. Want to use our visualization online, including on open publications like blogs, news sites, etc.? Request webinar. California. Starting from $468 / Year. Nineteen states were above this per-capita average, with 31 states below. In 2000, average state debt per capita was $1,942. Oklahoma: $35,110. Iowa: $38,920: $56,570: 0.69: 5. Overall cost of living is a large factor in total debt. The District of Columbia has the greatest average per capita debt at $86,730 (73 percent more than the national average) while West Virginia at $29,430 is the least (41 percent less than the national level). Hawaii: $74,230 25. What is the average debt per capita by state? Give us credit as your source, "HowMuch.net, a financial literacy website", Copy this link to your website (Image is included here). US Census Bureau, & whitehouse.gov. Nationwide, the revenue per capita is $7,842 and expenditure per capita is $7,120. Total U.S. household debt hit a record-high $14 trillion in Q4 2019. Credit card debt rose by $57 billion over last year. Mississippi: $33,140 State of Illinois Real Time Debt Clock. Israel. Revenues only cover 92 percent of expenses, with a worsening net position of –$450 per capita. States with the highest amount of state and local debt per capita in the 2012 fiscal year (the most recent data available from the Census Bureau) were New York ($17,405 per person), Massachusetts ($14,517 per person), Alaska ($13,066 per person), Connecticut ($11, 928 per person), and New Jersey … At over $13,000, the District of Columbia’s per capita student debt exceeds any state, which makes sense as the U.S. Census Bureau has named Washington, D.C. the most educated metro in the U.S. Our data comes from the Center for Microeconomic Data of the Federal Reserve Bank of New York and contains the total debt per capita for all 50 states. Wisconsin: $39,120: $56,759: 0.69: 7. Alabama residents owe $38,000 in debt. New York City’s debt per capita is $13,800 based on 8.623 million people. Abraham Lincoln’s years in the Oval Office saw the largest percentage increase in National Debt under any President, increasing 2859% overall If you'd like to use our visualization in books, magazines, reports, educational materials, etc. Of the six states with a population under 1 million people, four have expenditures per capita over $10,000 (Alaska, Wyoming, Vermont, Delaware) and four have revenues per capita over $10,000 (Alaska, Wyoming, Vermont, North … This week's Monday Map takes a look at the total state debt per capita in each state at the end of the 2011 fiscal year. State Debt Per Capita The combined debt of all states totaled more than $4 trillion for fiscal year 2011, according to data compiled by State Budget Solutions. Map; Table; 1999 2019 PLAY. Household debts have risen for 22 consecutive quarters. Net debt would decrease by about one-third of GDP. The net debt per capita is a measurement of the value of a government's debt expressed in terms of the amount attributable to each citizen under the government's jurisdiction. Net debt subtracts financial assets a government holds from the gross debt amount. Landfill trash per capita: 16.7 tons. West Virginia: $30,580 Tennessee has the lowest ranking with a debt of $925 per capita, and Massachusettes has the highest at $11,309. (March 3, 2020). In 2018, the states with the least debt per capita were: The states with the highest debt per capita were: The US Census Bureau defines debt as “all long-term credit obligations of the government and its agencies whether backed by the governments’ full faith and credit or non-guaranteed, and all interest-bearing short-term credit obligations,” and includes “judgments, mortgages, and revenue bonds, as well as general obligations bonds, notes, and interest-bearing warrants.” State debt includes financial arrangements where a state-affiliated institution (like a public university), a hospital, or a quasi-governmental authority (like a stadium district) issues debt that the state government guarantees, but the entity makes the debt payments. Nineteen states were above this per-capita average, with 31 states below. (AP) And for the place where people could most use a lesson on good manners, This Is the Rudest State in America. List of countries by external debt Rank Country/Region External debt US dollars Date Per capita US dollars % of GDP; 1 United States: 8.766224789 × 10 ^ 12: 31 March 2020: 26,533: 42: 2 United Kingdom: 9.019 × 10 ^ 12: 31 December 2017: 127,000: 313: 6 France: 6.673009 × 10 ^ 12: 12 May 2020: 87,200: 277: 3 Germany: 5.7358032 × 10 ^ 12: 31 March 2020: 69,000: 153: 4 Japan: 4.7653479 × 10 ^ 12 All … California: $73,400 Debt is broken into auto, credit card, mortgage, student and other debt. 5. The residents carried the heaviest burden of credit card debts per capita of $4,270. Thanks for your interest in purchasing a high-quality poster of this visualization. Debt per capita: $2,867.56. The attached tables show each state ' s 2007 debt in two ways: per capita and as a percentage of personal income. Washington DC: $88,450 12,631,724. West Virginia: $28,790: $44,061: 0.65: 2. Indiana: $37,210: … "California has the highest debt-to-income ratio in … Stanley Chang | EyeEm | Getty Images. Let us know in the comments and share with your friends. 5. ... Federal Debt Total Public Debt State Public Debt Local Public Debt Recent Debt History. The average debt per capita ranges from $30,580 in West Virginia to $88,450 in Washington, D.C. Over a quarter of Americans hold more credit card debt than emergency savings. Rounding out the five states with the most student debt per capita are Maryland, Minnesota, and Ohio, in that order.On the flip side, Wyoming has the least debt per capita ($3,610), which is 33.0% lower than the national average.Hawaii follows right behind at $3,780, and 29.9% below the national average.. Interestingly, a growing population on the West Coast helps to lower the debt burden … States With the Highest Debt Amount . Recent statistics indicate that Alaskans are the most indebted people in the US. E-mail me the best content from Howmuch.net.