Cost of living
States with higher living costs often see more credit card debt, impacting credit scores.
Employment Rates
States with stronger job markets typically have higher average scores, as steady income helps maintain good credit.
Local Lending Practices
Lenders’ requirements and loan approval rates can vary by state, influencing average credit scores.
Income Levels
States with higher income levels often have residents with more access to credit, which can affect scores positively.
State-Specific Policies
Differences in state financial regulations, like consumer protection laws, impact residents' credit access
