Debt by State

Debt is generally incurred when a borrower promises to return the amount of money they borrowed from their accreditor at a later date. To this end, debt can be a valuable financial tool or a crippling burden to bear. When someone takes out a loan, they are charged interest on it, meaning they will have to pay back the amount they borrowed plus a little extra. If a person cannot pay back their loan with interest, they default on their debt. As a result, they would have their assets seized to repay the amount and receive a reduced credit score, being barred from borrowing more money. Debt becomes a crippling burden when people are unable to repay it due to a sudden change in their financial situation, like sudden unemployment, an increased number of dependents, or other macro factors like inflation. 

The average American household is $137,000 in debt, mainly from student loans, mortgages, credit card bills and auto loans. 

To learn more about debt by state, please refer to the data in the charts. 

State Debt by State

Alabama - State Debt

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STATE DEBThelp

$9,934,370,000

#28 in the US

BALANCE OF PAYMENTShelp

62,543,000,000

#17 in the US

Alaska - State Debt

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STATE DEBThelp

$5,849,366,000

#40 in the US

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13,238,000,000

#42 in the US

Arizona - State Debt

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STATE DEBThelp

$12,946,749,000

#25 in the US

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87,334,000,000

#12 in the US

Arkansas - State Debt

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STATE DEBThelp

$7,565,411,000

#33 in the US

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32,650,000,000

#30 in the US

California - State Debt

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STATE DEBThelp

$144,041,214,000

#2 in the US

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262,786,000,000

#1 in the US

Colorado - State Debt

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STATE DEBThelp

$20,127,071,000

#17 in the US

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33,735,000,000

#29 in the US

Connecticut - State Debt

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STATE DEBThelp

$41,363,053,000

#8 in the US

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14,973,000,000

#40 in the US

Delaware - State Debt

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STATE DEBThelp

$5,068,699,000

#42 in the US

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11,672,000,000

#45 in the US

Florida - State Debt

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STATE DEBThelp

$25,012,950,000

#14 in the US

BALANCE OF PAYMENTShelp

176,646,000,000

#3 in the US

Georgia - State Debt

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STATE DEBThelp

$14,115,682,000

#24 in the US

BALANCE OF PAYMENTShelp

88,376,000,000

#11 in the US

Hawaii - State Debt

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STATE DEBThelp

$9,430,284,000

#29 in the US

BALANCE OF PAYMENTShelp

19,224,000,000

#36 in the US

Idaho - State Debt

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STATE DEBThelp

$3,348,042,000

#46 in the US

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16,700,000,000

#38 in the US

Illinois - State Debt

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STATE DEBThelp

$64,854,111,000

#4 in the US

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84,609,000,000

#13 in the US

Indiana - State Debt

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STATE DEBThelp

$23,841,296,000

#15 in the US

BALANCE OF PAYMENTShelp

57,546,000,000

#18 in the US

Iowa - State Debt

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STATE DEBThelp

$6,250,299,000

#39 in the US

BALANCE OF PAYMENTShelp

25,155,000,000

#34 in the US

Kansas - State Debt

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STATE DEBThelp

$6,928,288,000

#37 in the US

BALANCE OF PAYMENTShelp

24,652,000,000

#35 in the US

Kentucky - State Debt

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STATE DEBThelp

$14,634,789,000

#22 in the US

BALANCE OF PAYMENTShelp

82,940,000,000

#14 in the US

Louisiana - State Debt

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STATE DEBThelp

$16,858,298,000

#20 in the US

BALANCE OF PAYMENTShelp

54,712,000,000

#20 in the US

Maine - State Debt

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STATE DEBThelp

$5,151,077,000

#41 in the US

BALANCE OF PAYMENTShelp

18,241,000,000

#37 in the US

Maryland - State Debt

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STATE DEBThelp

$29,359,300,000

#12 in the US

BALANCE OF PAYMENTShelp

91,613,000,000

#10 in the US

Massachusetts - State Debt

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STATE DEBThelp

$77,321,138,000

#3 in the US

BALANCE OF PAYMENTShelp

53,789,000,000

#21 in the US

Michigan - State Debt

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STATE DEBThelp

$34,402,762,000

#9 in the US

BALANCE OF PAYMENTShelp

101,310,000,000

#8 in the US

Minnesota - State Debt

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STATE DEBThelp

$17,400,637,000

#19 in the US

BALANCE OF PAYMENTShelp

35,107,000,000

#28 in the US

Mississippi - State Debt

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STATE DEBThelp

$7,288,707,000

#35 in the US

BALANCE OF PAYMENTShelp

37,713,000,000

#26 in the US

Missouri - State Debt

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STATE DEBThelp

$18,969,986,000

#18 in the US

BALANCE OF PAYMENTShelp

62,645,000,000

#16 in the US

Montana - State Debt

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STATE DEBThelp

$2,725,873,000

#48 in the US

BALANCE OF PAYMENTShelp

12,702,000,000

#43 in the US

Nebraska - State Debt

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STATE DEBThelp

$2,585,834,000

#49 in the US

BALANCE OF PAYMENTShelp

13,776,000,000

#41 in the US

Nevada - State Debt

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STATE DEBThelp

$3,652,724,000

#44 in the US

BALANCE OF PAYMENTShelp

26,996,000,000

#32 in the US

New Hampshire - State Debt

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STATE DEBThelp

$7,543,417,000

#34 in the US

BALANCE OF PAYMENTShelp

10,107,000,000

#46 in the US

New Jersey - State Debt

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STATE DEBThelp

$64,058,342,000

#5 in the US

BALANCE OF PAYMENTShelp

44,274,000,000

#22 in the US

New Mexico - State Debt

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STATE DEBThelp

$7,267,902,000

#36 in the US

BALANCE OF PAYMENTShelp

31,350,000,000

#31 in the US

New York - State Debt

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STATE DEBThelp

$156,004,196,000

#1 in the US

BALANCE OF PAYMENTShelp

136,240,000,000

#5 in the US

North Carolina - State Debt

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STATE DEBThelp

$15,098,522,000

#21 in the US

BALANCE OF PAYMENTShelp

95,625,000,000

#9 in the US

North Dakota - State Debt

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STATE DEBThelp

$3,017,509,000

#47 in the US

BALANCE OF PAYMENTShelp

7,655,000,000

#49 in the US

Ohio - State Debt

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STATE DEBThelp

$30,412,376,000

#10 in the US

BALANCE OF PAYMENTShelp

115,881,000,000

#7 in the US

Oklahoma - State Debt

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STATE DEBThelp

$7,804,816,000

#31 in the US

BALANCE OF PAYMENTShelp

43,129,000,000

#23 in the US

Oregon - State Debt

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STATE DEBThelp

$14,600,436,000

#23 in the US

BALANCE OF PAYMENTShelp

37,009,000,000

#27 in the US

Pennsylvania - State Debt

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STATE DEBThelp

$51,734,691,000

#7 in the US

BALANCE OF PAYMENTShelp

132,380,000,000

#6 in the US

Rhode Island - State Debt

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STATE DEBThelp

$9,371,823,000

#30 in the US

BALANCE OF PAYMENTShelp

12,336,000,000

#44 in the US

South Carolina - State Debt

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STATE DEBThelp

$12,896,315,000

#26 in the US

BALANCE OF PAYMENTShelp

56,886,000,000

#19 in the US

South Dakota - State Debt

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STATE DEBThelp

$3,855,938,000

#43 in the US

BALANCE OF PAYMENTShelp

8,952,000,000

#47 in the US

Tennessee - State Debt

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STATE DEBThelp

$6,858,341,000

#38 in the US

BALANCE OF PAYMENTShelp

68,183,000,000

#15 in the US

Texas - State Debt

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STATE DEBThelp

$57,886,725,000

#6 in the US

BALANCE OF PAYMENTShelp

191,290,000,000

#2 in the US

Utah - State Debt

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STATE DEBThelp

$7,593,692,000

#32 in the US

BALANCE OF PAYMENTShelp

16,321,000,000

#39 in the US

Vermont - State Debt

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STATE DEBThelp

$3,563,173,000

#45 in the US

BALANCE OF PAYMENTShelp

8,919,000,000

#48 in the US

Virginia - State Debt

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STATE DEBThelp

$29,340,896,000

#13 in the US

BALANCE OF PAYMENTShelp

167,503,000,000

#4 in the US

Washington - State Debt

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STATE DEBThelp

$29,658,660,000

#11 in the US

BALANCE OF PAYMENTShelp

40,726,000,000

#25 in the US

West Virginia - State Debt

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STATE DEBThelp

$11,625,729,000

#27 in the US

BALANCE OF PAYMENTShelp

25,335,000,000

#33 in the US

Wisconsin - State Debt

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STATE DEBThelp

$22,446,313,000

#16 in the US

BALANCE OF PAYMENTShelp

41,191,000,000

#24 in the US

Wyoming - State Debt

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STATE DEBThelp

$949,280,000

#50 in the US

BALANCE OF PAYMENTShelp

5,938,000,000

#50 in the US

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$0

#51 in the US

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0

#51 in the US