10 most and least indebted states: (Yahoonews)
10 Most Indebted States (averages exclude student loans)

State........................Average debt.
1. California...............$336,169
2. Hawaii...................$321,258
3. Maryland................$263,524
4. New Jersey.............$257,462
5. Washington.............$243,758
6. Massachusetts.........$242,111
7. Virginia..................$239,186
8. Connecticut.............$229,684
9. Colorado................$219,899
10. Nevada................$218,010

10 Least Indebted States (averages, excluding student debt)
1. Oklahoma..............$126,027
2. West Virginia.........$127,535
3. Arkansas..............$128,460
4. Mississippi............$129,792
5. Indiana................$132,618
6. Kansas.................$133,606
7. North Dakota........$133,823
8. Kentucky..............$136,441
9. Iowa....................$139,415
10. Nebraska............$139,527

Average debt to average per capita income, or perhaps average debt/income ratio would be more interesting.

I'm assuming a large part of this is also mortgage debt, which is backed by assets (so long as value of asset > value of debt, this isn't a problem).

... and how are mortgage values doing in say, ... California?

I guess our CT poli's will have to try harder to piss money away if we're going to get to #1!

__________________

1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15
'06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod)

Really depends where and when the property was purchased.

My personal debt stands at $133,000.

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For the Saved, this world is the worst it will ever get.
For the unSaved, this world is the best it will ever get.

Clk's Ebay Stuff BUY SOMETHING NOW!!!

I would put this dept in the lap of bankers looking to drive their profit portfolios up and up and home owners loving them ever minute for it.It all stems from what the avg joe strives to go to work for everyday and thats his home ,price of homes are equited by avg value in that market place .Before selling a home youll need an appraisal done ,it will be a requirment of the bank .Three values are pulled from info obtained from the appraisal district ,this comes from tax records at the city.The data is comprised and is put in a package with loan papers to sign at the mortgage company ,all in all an arm of the banking system . For new homeowners it sounds great that their homes value is going up ,investment from when they bought said home to day of sale = profits.In reality its driven to fail and then it starts all over again .The bankers love it ,realtors love it and home owners love it but they dont see the cycle in frt of them.Its a false system of security ,no one wins if they buy a house at the end of this cycle ,truly a baseless set of rules for an endless debt to new homeowners who thought they were buying a home as investment which turns into an anchor of debt.Their is a right time and place to buy a home and to not understand whats involved could be a financial nightmare.The term Housing Market Collapse should be retermed ,Housing Market Gridloch Due to Greedy Bankers.

Im right up there with Cali, called house poor

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1982 300CD Turbo (Otis, "ups & downs") parts for sale
2003 TJ with Hemi (to go anywhere, quickly) sold
2001 Excursion Powerstroke (to go dependably)
1970 Mustang 428SCJ (to go fast)
1962 Corvette LS1 (to go in style)
2001 Schwinn Grape Krate 10spd (if all else fails)

California and Hawaii are top dogs because their land value is sky high, the house that rest on it is just second hand value.

Those are the average PER CAPITA debts for each state?! Wow!

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

(debt EXCLUDES STUDENT LOANS). Funny I have a feeling that those would change the numbers considerably. 4 years of expensive undergrad is no fun. I know people who are nearly a quarter of a million in debt from college!! Thankfully I am not one of them (though I could have been)--I have been working my butt off since sophomore year to offset the costs.

Edit: I mean to say they were FUN but definitely not cheap

__________________
TC
Current stable:
- 2004 Mazda RALLYWANKEL
- 2007 Saturn sky redline
- 2004 Explorer...under surgery.

Past: 135i, GTI, 300E, 300SD, 300SD, Stealth

My total debt is well under $20K. I am not a wealthy man (and likely never will be, because I am basically lazy when it comes to that) but I could pay it off in a month. I save about 30% of my income and I don't visit casinos and I don't buy lots of toys. My appetites are modest. My expectations of others are realistic and I do not make commitments I cannot keep.

I don't owe anybody anything. I saved until I had the money to buy whatever I have or else did without it. The only time I use credit is when it's to my advantage.

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

You are my hero.

__________________
For the Saved, this world is the worst it will ever get.
For the unSaved, this world is the best it will ever get.

Clk's Ebay Stuff BUY SOMETHING NOW!!!

Link to Full Story


Credit Karma’s debt data, based on the actual debt obligations held by some 200,000 consumers who use the company’s site, breaks down the average amounts that residents in each state borrow via credit cards, mortgages, auto and student loans


So, just to be clear, it isn't a "per capita" number, but reflects the statistics from users of the website, which is also a filter.