3. Wyoming
Average Student Loan Balance: $23,708
Ratio of Student Payments to Disposable Income: 13.31%
Though Wyoming residents don’t enjoy quite the same lavish annual wages as their counterparts in Washington, they were able to eek out a lower ratio of student payments to disposable income as a result of a combination of factors. For one, the state’s cost of living is well below the national average, providing residents more in the way of disposable income. What’s more, college itself isn’t all that expensive. Public universities in Wyoming, and annual in-state tuition in general is the lowest of any state in the nation with costs just north of $5,000 annually. When you put all of these factors together, it’s little surprise that Wyoming made it into the list of the top three easiest US states to pay off student loan debt.
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