
The average credit score for each state is different. The highest is in Minnesota, while the lowest is in Mississippi. How much credit a person can get is directly related to their income bracket. A score of 670 - 739 is considered satisfactory. Millennials have the lowest credit scores.
Minnesota has the highest credit score
Minnesota is the state with the highest average credit score, topping the national average by 34 points. Minnesota's high credit scores are due to a healthy economy, relatively low unemployment rates, stable housing prices, conservative debt management, and a stable environment. Residents in Minnesota can expect to see their credit score rise in the next year or two, as many credit card companies are willing to extend lower interest rates to residents who have solid credit scores.

The average credit score can vary greatly from one state to another. Minnesota has the highest average, and Mississippi has the lowest. Experian calculates credit scores based on information such as how much money has been borrowed, how many accounts you have and what your repayment history is. Credit scores do not represent the true financial health and well-being of an individual consumer.
Lowest average credit score is in Mississippi
According to Experian 2020's Consumer Credit Review, the average U.S. credit score was 710. These scores were unprecedentedly high in most states. Minnesota, with its credit score of 739, topped the list last year for the ninth straight year. Mississippi residents have the lowest credit score of all states, 675. Though the average score has gone up eight points since last year, the state is still in the "fair" category.
In 2010, the US average credit score was 703 and in 2020 it will be 711. Mississippi's 60-plus population had the lowest credit scores. For those in their twenties, the average credit score was 662.
Millennials have the lowest credit score
Although millennials make up the largest generation, many struggle to build credit. Minnesota's millennial average FICO score was 698. This is three points less than the national average of 701. This generation is still reeling from the Great Recession and student loans are heavily weighing on their minds. Many of these millennials are unlikely to be able attain the financial milestones that they have set.

Experian recently released data about the credit habits of millennials within each state. According to Experian data, millennials had low credit scores on average, while those states that had the most seniors scored the highest. The good news is that the data for millennials is not all negative. Experian found that millennials' credit scores have increased by 3% in the past five years. The overall trend is not surprising, but some states' credit scores have performed better than the national average. For instance, Michigan millennials saw a significant increase of 3.4%-22 points, which was one of only seven states to see a three-digit percentage increase. Wisconsin, Washington and Oregon were among the top five states where credit scores improved over the past five years.