The Cities With the Most (And Least) Credit Card Debt in Minnesota
Credit Card debt is soaring throughout the United States and Minnesota is no exception. However, certain cities are racking up debt far more than others.
One Twin Cities Suburb has the highest amount of debt, on average, in the Land of Ten Thousand Lakes.
As for the least, one surprising town in Southern Minnesota takes the crown for having the smallest credit card debt per resident in the entire state.
According to Stacker, the city with the most credit card debt in Minnesota is the Twin Cities Suburb of Prior Lake.
Prior Lake has an average of $14,436 per household, with a household credit card paydown of $554. This puts it in the 80th percentile nationwide.
Which Minnesota city has the least credit card debt on average? That would be the Southern Minnesota town of Owatonna, located around an hour south of the Twin Cities Metropolitan Area.
According to Stacker, Owatonna has an average household credit card debt of $8,218, with a household credit card paydown of $316. This puts it in the bottom 3 percentile nationwide.
As for Minnesota's neighbors, in Wisconsin, Mequon holds the most credit card debt, with Wisconsin Rapids holding the least. Iowa's largest debt holder by city, on average, goes to Ankeny, with Mason City holding the least. In North Dakota, Dickinson has the most credit card debt, with Mandan having the least. And in South Dakota, the largest city of Sioux Falls holds the most debt, with Watertown having the least.
To see the full list of the cities and towns with the most and least credit card debt in each state, check out the article from Stacker.
Story Source: Stacker Website