Top 10 Cities Where Millennials Carry The Most Debt

By CNBC

On average, millennials owe about $4,930 in credit card debt, according to the latest data from credit bureau Experian.

But in some places, the average amount of credit card debt for millennials, who range in age from 26 to 41, is even higher.

In Alaska, for example, millennials carry an average balance of about $5,388, according to Experian’s 2021 study, the most recent data available on the state level.

And despite California being one of the most expensive states to live in 2022, it didn’t rank as one the top 10 places where millennials have a lot of credit card debt.

Here’s a look at the places where millennials carry the most credit card debt, on average, as of 2021.

Top 10 places in the U.S. where millennial credit card debt is highest

On average, millennials carry about $4,576 in credit card debt as of 2021.This chart displays the average amount of credit card debt for millennials in Alaska, Washington DC, New Jersey, Virginia, Connecticut, Hawaii, Florida, Texas, Colorado, and New York.

Alaska $5,388

Washington, DC $5,118

NewJersey $5,034

Virginia $4,999

Connecticut $4,975

Hawaii $4,948

Florida. $4,888

Texas. $4,885

Colorado. $4,841