Here’s How Much Debt the Average Baby Boomer Has in Every State

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©Shutterstock.com

One of the factors that could affect the amount of debt you have is the generation you grew up in. If you’re a baby boomer, chances are that you owe more money than Americans in other generations.

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A recent Scholaroo study found that baby boomers are the generation with the second-highest average amount of credit card debt — with Gen X in the lead — with an average debt of $7,464. Perhaps surprisingly, boomers also have the most student loan debt — $43,554 on average. In addition, the average boomer has $188,034 in mortgage debt and $22,530 in auto loans.

The study did find that where you live can also affect how much debt you have. With that in mind, here’s a look at the average total debt held by baby boomers in every state, ranked from most to least debt.

Art Wager / Getty Images
Art Wager / Getty Images

1. Hawaii

  • Average debt: $93,354

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Davel5957 / Getty Images/iStockphoto

2. California

  • Average debt: $88,577

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Kruck20 / Getty Images/iStockphoto
Kruck20 / Getty Images/iStockphoto

3. Colorado

  • Average debt: $73,110

Kirk Fisher / Getty Images
Kirk Fisher / Getty Images

4. Washington

  • Average debt: $72,774

Tim Pruss / Getty Images
Tim Pruss / Getty Images

5. Maryland

  • Average debt: $69,018

f11photo / Getty Images/iStockphoto
f11photo / Getty Images/iStockphoto

6. Utah

  • Average debt: $68,651

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f11photo / Getty Images/iStockphoto

7. Nevada

  • Average debt: $64,801

mscornelius / Getty Images/iStockphoto
mscornelius / Getty Images/iStockphoto

8. Alaska

  • Average debt: $64,066

Kyle Sprague / Shutterstock.com
Kyle Sprague / Shutterstock.com

9. Oregon

  • Average debt: $63,494

Kate Scott / Shutterstock.com
Kate Scott / Shutterstock.com

10. Virginia

  • Average debt: $63,290

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11. Massachusetts

  • Average debt: $62,294

DenisTangneyJr / Getty Images/iStockphoto
DenisTangneyJr / Getty Images/iStockphoto

12. Arizona

  • Average debt: $61,467

Ric Schafer / Shutterstock.com
Ric Schafer / Shutterstock.com

13. Idaho

  • Average debt: $56,828

John Penney / Getty Images
John Penney / Getty Images

14. New Jersey

  • Average debt: $56,581

Dana Dagle Photography / Getty Images/iStockphoto
Dana Dagle Photography / Getty Images/iStockphoto

15. Delaware

  • Average debt: $54,742

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Sean Pavone / Getty Images/iStockphoto

16. Connecticut

  • Average debt: $54,005

Daniel Hanscom / Getty Images
Daniel Hanscom / Getty Images

17. Rhode Island

  • Average debt: $53,717

jmoor17 / Getty Images
jmoor17 / Getty Images

18. Wyoming

  • Average debt: $51,568

FilippoBacci / Getty Images/iStockphoto
FilippoBacci / Getty Images/iStockphoto

19. New York

  • Average debt: $50,715

culbertson / Getty Images/iStockphoto
culbertson / Getty Images/iStockphoto

20. Minnesota

  • Average debt: $50,657

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Nate Hovee / Getty Images/iStockphoto
Nate Hovee / Getty Images/iStockphoto

21. Georgia

  • Average debt: $49,733

Lightguard / Getty Images/iStockphoto
Lightguard / Getty Images/iStockphoto

22. Montana

  • Average debt: $49,353

Art Wager / iStock/Getty Images
Art Wager / iStock/Getty Images

23. Florida

  • Average debt: $49,350

DenisTangneyJr / Getty Images/iStockphoto
DenisTangneyJr / Getty Images/iStockphoto

24. New Hampshire

  • Average debt: $49,009

Judd Brotman / Getty Images
Judd Brotman / Getty Images

25. New Mexico

  • Average debt: $47,888

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EJ_Rodriquez / Getty Images/iStockphoto
EJ_Rodriquez / Getty Images/iStockphoto

26. Illinois

  • Average debt: $46,248

Kruck20 / Getty Images/iStockphoto
Kruck20 / Getty Images/iStockphoto

27. North Carolina

  • Average debt: $45,542

Kruck20 / Getty Images
Kruck20 / Getty Images

28. Tennessee

  • Average debt: $45,332

digidreamgrafix / Getty Images/iStockphoto
digidreamgrafix / Getty Images/iStockphoto

29. South Carolina

  • Average debt: $45,287

benedek / Getty Images
benedek / Getty Images

30. Texas

  • Average debt: $44,508

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marchello74 / iStock.com

31. Vermont

  • Average debt: $41,672

Ron and Patty Thomas / Getty Images/iStockphoto
Ron and Patty Thomas / Getty Images/iStockphoto

32. Wisconsin

  • Average debt: $41,334

DenisTangneyJr / Getty Images/iStockphoto
DenisTangneyJr / Getty Images/iStockphoto

33. Maine

  • Average debt: $41,214

Michael Warren / Getty Images
Michael Warren / Getty Images

34. Alabama

  • Average debt: $40,537

f11photo / Shutterstock.com
f11photo / Shutterstock.com

35. Missouri

  • Average debt: $40,434

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DenisTangneyJr / iStock.com

36. South Dakota

  • Average debt: $40,394

DenisTangneyJr / Getty Images
DenisTangneyJr / Getty Images

37. North Dakota

  • Average debt: $39,877

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

38. Pennsylvania

  • Average debt: $39,789

TriggerPhoto / iStock.com
TriggerPhoto / iStock.com

39. Kansas

  • Average debt: $39,290

Jacob Boomsma / Getty Images/iStockphoto
Jacob Boomsma / Getty Images/iStockphoto

40. Nebraska

  • Average debt: $39,236

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THEPALMER / Getty Images

41. Louisiana

  • Average debt: $39,112

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©iStock.com

42. Indiana

  • Average debt: $38,326

JT Crawford / Getty Images/iStockphoto
JT Crawford / Getty Images/iStockphoto

43. Kentucky

  • Average debt: $37,886

Davel5957 / Getty Images
Davel5957 / Getty Images

44. Oklahoma

  • Average debt: $37,721

pawel.gaul / Getty Images
pawel.gaul / Getty Images

45. Michigan

  • Average debt: $37,712

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Aaron Yoder / Getty Images/iStockphoto

46. Iowa

  • Average debt: $36,765

dlewis33 / Getty Images/iStockphoto
dlewis33 / Getty Images/iStockphoto

47. Arkansas

  • Average debt: $36,316

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

48. Ohio

  • Average debt: $36,247

SeanPavonePhoto / Getty Images/iStockphoto
SeanPavonePhoto / Getty Images/iStockphoto

49. Mississippi

  • Average debt: $33,679

DavidByronKeener / Getty Images/iStockphoto
DavidByronKeener / Getty Images/iStockphoto

50. West Virginia

  • Average debt: $32,668

Data is sourced from Scholaroo and is accurate as of Feb. 19, 2024.

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