Georgians on average have more mortgage debt than borrowers in most other states, an analysis from Business Insider confirmed this month.
How much debt exactly? According to data Business Insider obtained from Experian, $165,466 in 2016, making it the No. 27 state in terms of mortgage debt size.
See our below table to see how Georgians stack up against borrowers in other states.
Rank | State | Average mortgage debt |
---|---|---|
1 | West Virginia | $113,436 |
2 | Mississippi | $117,587 |
3 | Indiana | $119,650 |
4 | Arkansas | $123,495 |
5 | Kentucky | $123,546 |
6 | Ohio | $126,746 |
7 | Iowa | $127,495 |
8 | Oklahoma | $127,819 |
9 | Michigan | $132,336 |
10 | Nebraska | $132,932 |
11 | Missouri | $134,760 |
12 | Kansas | $135,508 |
13 | Alabama | $138,154 |
14 | Wisconsin | $141,403 |
15 | Tennesssee | $145,027 |
16 | Maine | $145,243 |
17 | Louisiana | $145,330 |
18 | South Dakota | $147,990 |
19 | Vermont | $148,136 |
20 | North Dakota | $152,039 |
21 | South Carolina | $156,150 |
22 | New Mexico | $157,280 |
23 | Pennsylvania | $157,643 |
24 | Idaho | $158,953 |
25 | Texas | $159,195 |
26 | North Carolina | $161,893 |
27 | Georgia | $165,466 |
28 | Montana | $170,113 |
29 | Minnesota | $172,130 |
30 | Illinois | $176,282 |
31 | Florida | $177,932 |
32 | Wyoming | $180,207 |
33 | New Hampshire | $180,223 |
34 | Delaware | $189,962 |
35 | Rhode Island | $191,558 |
36 | Arizona | $194,853 |
37 | Utah | $196,334 |
38 | Nevada | $210,673 |
39 | Oregon | $210,956 |
40 | Alaska | $217,960 |
41 | Colorado | $230,142 |
42 | Conneticut | $232,394 |
43 | Washington | $240,098 |
44 | Virginia | $242,022 |
45 | New Jersey | $242,631 |
46 | New York | $243,548 |
47 | Massachussetts | $246,004 |
48 | Maryland | $252,217 |
49 | Hawaii | $331,180 |
50 | California | $336,250 |