5 US States with the Most Debt Per Capita

In this article, we will take a look at the top 5 US states with the most debt per capita. If you wish to see our detailed analysis, you can go to 15 US States with the Most Debt Per Capita.

5. Maryland

Total Debt Balance Per Capita: $80,130

In 2022, the debt per capita in Maryland was recorded at $80,130 which accounts for 84.36% of the median household income in the state. This ranks Maryland as one of the 29 states with the highest debt per capita.

4. Washington

Total Debt Balance Per Capita: $82,300

Washington is one of the most indebted states per capita in America. In 2022, the total debt per capita in the state was $82,300. The government debt amounts to 12.23% of Washington’s GDP.

3. Hawaii

Total Debt Balance Per Capita: $82,650

The average resident in Hawaii held a debt of $82,650 in 2022 which ranked the state among other US states with the highest debt per capita. The state also has a high debt-to-income ratio, compared to other US states.

2. California

Total Debt Balance Per Capita: $84,730

California ranks as another state which has a high debt per capita. In 2022, the total debt per capita in California was recorded at $84,730 which constituted 92.55% of the average household income in the state. California also has a high government debt balance among other states. Consequently, businesses and individuals have started looking for California debt relief programs to assist in planning for a debt-free future. 

1. Colorado

Total Debt Balance Per Capita: $89,170

Colorado recorded the highest debt per capita in 2022 thereby becoming the top US state with the most debt per capita. The total of $89,170 debt per capita is equivalent to 99.85% of the average annual earnings of a Colorado resident.

You can also take a look at 30 Most Interesting Cities in America and 30 Most Fertile Countries in the World Heading into 2024.