According to U.S. Census 2020-2021 estimates, Irvine, California is home to over 300,000. Credit Karma data, which was updated Aug. 17, 2022 shows that the average total debt for Irvine’s 57,447 residents is $95,462. This includes auto loans, student loans and mortgages.
Continue reading to see an overview of Irvine’s debt.
Snapshot of Credit Karma Stat
Total debt in Irvine
Credit Karma members in Irvine had a total of $9.8 billion in debt. 955462 was the average total debt of individuals. The median overall debt for individuals was $95,462. This debt has an average payment of $693.
Credit Karma members have an average national debt of $49,454 and a median of $11,223.
Irvine’s debt dial
Image: An orange heat dial labeled with low debt on the left side and high debt on the right. The hand of the dial leans far to the right, illustrating that credit karma members in irvine have the fifth highest average overall debt compared to member nationwide.
Student loans, auto loans, mortgages, and credit card debt in Irvine
Below is a table that shows averages and medians of different types debts among Credit Karma members from Irvine.
|
Debt type |
Credit Karma members who have debt type |
Average debt |
Median debt |
Average next payment |
|---|---|---|---|---|
| Auto loan | 35,031 | $27,299 | $20,672 | $641 |
| Student loan | 18,080 | $45,355 | $19,839 | $72 |
| Hypothec Mortgage | 18,183 | $595,821 | $504,788 | $3,252 |
| Credit card | 56,629 | $8,147 | $3,598 | $208 |
How does Irvine’s population compare with the national average? Below is a table that compares the national average to Irvine’s Credit Karma members.
|
Debt type |
Average national credit of Credit Karma members |
Irvine member average debt |
|---|---|---|
| Auto loan | $24,042 | $27,299 |
| Student loan | $32,004 | $45,355 |
| Hypothec Mortgage | $235,194 | $595,821 |
| Credit card | $6,469 | $8,147 |
Credit Karma members in Irvine had higher debt levels than the national average for all types of debt. Irvine is the largest U.S. city with the highest average student loan debt.
Where does Irvine rank in comparison to other cities?
We compared the average Credit Karma member living in 100 top cities by population, according to U.S. Census 2021 population estimates.
Irvine is the fifth most expensive city in Credit Karma’s top 100. Irvine is home to Credit Karma members with an average debt of over $90,000.
Here are the Irvine residents compared to other top 100 American cities.
- Auto loan debt 7 th greatest
- Credit card debt: 4th highest
- Student loan debt: 1st highest
- Mortgage debt: 4th highest
Credit inquiries and past-due accounts in
Credit Karma members in Irvine had an average VantageScore 3.0 credit score of 718. This is considered prime and the median was 743 which is super prime. Credit Karma members had a national average VantageScore 3.0 score of 673 and a median score of 682.
Irvine residents had an average of 3.0 inquiries on credit reports. The national average was 4.2.
Irvine residents have an average of 0.40 accounts 30 days overdue. Nationally, the average account is 0.74.
Methodology
We analyzed accounts of approximately 57,000 Credit Karma members who were active within the past 36 months to determine the average debt across all categories, including auto lease, car loan, credit card and mortgage. The averages were calculated using information from TransUnion credit reports for members from the 90-day period prior to data pull on Aug. 17, 2022. This analysis includes auto lease, credit card, student loan, mortgage, credit card, and auto loan. Unpaid balances on open accounts at the time of data pull are all included. All numbers were round to the nearest whole in this report.
All data in this article were pulled Aug. 17, 2022.