The 30 cities where millennials carry the most debt don’t include New York or San Francisco – Finance

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  • Millennials known for the transfer of a large number of student loan debt,
  • Analysis of LendingTree data of anonymous credit reports of users concluded that the debt on student loans was the largest share of debt for a thousand years among those who bear it, which is 40% of the total credit and credit balance of a typical millennium.
  • LendingTree also broke down where millions of people with the largest debt live in the US, and surprisingly, the top 30 places on the list do not include historically expensive cities such as New York or San Francisco.
  • This is because LendingTree included multi-year debts without debt, many of which live in large cities and metro areas.

The most indebted Millennials in the United States live throughout the country – but, apparently, not in New York or San Francisco, two of the most historically expensive cities in America.

This is according to LendingTree Study, in which the researchers analyzed the data of an anonymous credit report from My LendingTree, to find out where the millenniums live with the greatest debt. Researchers considered debt balances, excluding mortgages, people born between 1981 and 1996, and included people with both debts and without them. The calculated debt included personal and student loans, auto and credit card. My LendingTree currently has more than nine million active accounts.

The study concluded that the debt on student loans was the largest share of debt for a thousand years for those who carry it, which is 40% of their total loans and loans.

"Car loans represent a significant proportion of the millennial debt in places where the total debt is generally higher, so it is not surprising that people who live in places with lively public transport systems or even in places where there is no big culture machine will have lower balances " Cali McFadden, LendingTree senior, analyst of Business Insider.

Researchers at LendingTree found that auto loans accounted for 43% of the debt for millennia in Riverside, California, but accounted for only 22% of the debt for millennia living in New York.

"People in expensive cities are also inclined to earn higher salaries, which means that they can pay out larger student loans according to the income-based repayment schedule, even if their monthly expenses are significantly higher than people who live elsewhere, earn less"said McFadden.

Here are the 30 best cities in the United States, where millions of people have the most debt, with the average debt for a thousand years in this city.

30. Chicago, Illinois


30. Chicago, Illinois
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30. Chicago, Illinois

(Sean Pavon / Shutterstock)

Average balance: $ 22,784

29. Minneapolis, Minnesota


29. Minneapolis, Minnesota
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29. Minneapolis, Minnesota

(F11photo / Shutterstock)

Average balance: $ 22,974

28. Philadelphia, Pennsylvania


28. Philadelphia, Pennsylvania
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28. Philadelphia, Pennsylvania

(F11photo / Shutterstock)

Average balance: $ 23075

27. Boston, Massachusetts


27. Boston, Massachusetts
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27. Boston, Massachusetts

(Jacob Boomsma / Shutterstock)

Average balance: $ 23084

26. Baltimore, Maryland


26. Baltimore, Maryland
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26. Baltimore, Maryland

(S.Borisy / Shutterstki)

Average balance: $ 23096

25. Las Vegas, Nevada


25. Las Vegas, Nevada
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25. Las Vegas, Nevada

(Littleny / Shutterstock)

Average balance: $ 23,139

24. Milwaukee, WI


24. Milwaukee, WI
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24. Milwaukee, WI

(Sean Pavon / Shutterstock)

Average balance: $ 23,376

23. Hartford, Connecticut


23. Hartford, Connecticut
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23. Hartford, Connecticut

(Sean Pavon / Shutterstock)

Average balance: $ 23,388

22. Nashville, Tennessee


22. Nashville, Tennessee
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22. Nashville, Tennessee

(Scott Heini / Shutterstock)

Average balance: $ 23,429

21. Cincinnati, Ohio


21. Cincinnati, Ohio
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21. Cincinnati, Ohio

(Sean Pavon / Shutterstock)

Average balance: $ 23,808

20. Tampa, Florida


20. Tampa, Florida
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20. Tampa, Florida

(ESB Professional / Shutterstock)

Average balance: $ 23,808

19. St. Louis, Missouri


19. St. Louis, Missouri
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19. St. Louis, Missouri

(STLJB / Shutterstock)

Average balance: $ 24,279

18. Charlotte, North Carolina


18. Charlotte, North Carolina
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18. Charlotte, North Carolina

(Digidreamgrafix / Shutterstock)

Average balance: $ 24,349

17. Indianapolis, Indiana


17. Indianapolis, Indiana
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17. Indianapolis, Indiana

(Sean Pavon / Shutterstock)

Average balance: $ 24,353

16. Denver, Colorado


16. Denver, Colorado
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16. Denver, Colorado

(F11photo / Shutterstock)

Average balance: $ 24,477

15. Kansas City, Missouri


15. Kansas City, Missouri
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15. Kansas City, Missouri

(F11photo / Shutterstock)

Average balance: $ 24501

14. Atlanta, Georgia


14. Atlanta, Georgia
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14. Atlanta, Georgia

(Sean Pavon / Shutterstock)

Average balance: $ 24775

13. Buffalo, New York


13. Buffalo, New York
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13. Buffalo, New York

(Leonid Andronov / Shutterstock)

Average balance: $ 24,828

12. Phoenix, Arizona


12. Phoenix, Arizona
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12. Phoenix, Arizona

(Sean Pavon / Shutterstock)

Average balance: $ 24,954

11. Birmingham, Alabama


11. Birmingham, Alabama
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11. Birmingham, Alabama

(Chris Kuznyar / Shutterstock)

Average balance: $ 25,014

10. Columbus, Ohio


10. Columbus, Ohio
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10. Columbus, Ohio

(Checubus / Shutterstock)

Average balance: $ 25,129

9. Oklahoma City, Oklahoma


9. Oklahoma City, Oklahoma
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9. Oklahoma City, Oklahoma

(Catherine Wells / Shutterstock)

Average balance: $ 25,351

8. Virginia Beach, Virginia


8. Virginia Beach, Virginia
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8. Virginia Beach, Virginia

(Patrickeyl / Wikimedia Commons)

Average balance: $ 25591

7. Washington, D.C.


7. Washington, D.C.
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7. Washington, D.C.

(Sean Pavon / Shutterstock)

Average balance: $ 25,810

6. Dallas, Texas


6. Dallas, Texas
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6. Dallas, Texas

(Sean Pavone / iStock)

Average balance: $ 25,939

5. Jacksonville, Florida


5. Jacksonville, Florida
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5. Jacksonville, Florida

(Sean Pavon / Shutterstock)

Average balance: $ 25,947

4. Houston, TX


4. Houston, TX
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4. Houston, TX

(Nate Hovee / Shutterstock)

Average balance: $ 25,978

3. Austin, TX


3. Austin, TX
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3. Austin, TX

(F11photo / Shutterstock)

Average balance: $ 26,164

2. Pittsburgh, Pennsylvania


2. Pittsburgh, Pennsylvania
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2. Pittsburgh, Pennsylvania

(Sean Pavon / Shutterstock)

Average balance: $ 26,403

1. San Antonio, Texas


1. San Antonio, Texas
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1. San Antonio, Texas

(cheng cheng / Shutterstock)

Average balance: $ 27,122

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