According to 2020-2021 U.S. Census estimates St. Louis has a population of more than 293,000 and is the 70th largest American city. Credit Karma data, August 17, 2022 shows that St. Louis’ 26,237 residents have an average of $35,735. This includes auto loans, student loans and mortgages.
Continue reading to see a snapshot on debt in St. Louis.
Snapshot of Credit Karma Stat
Total debt in St. Louis
St. Louis’ 26,237 Credit Karma members had a total debt of $1.6 billion. While the average individual debt was $35,735, the median overall debt was only $10,000. This means that St. Louisans have higher levels of debt than the rest of the country. This debt has an average payment of $361.
Credit Karma members have an average national debt of $49,454 and a median of $11,223.
St. Louis debt dial
Image: stlouisdebtgauge
Student loans, auto loans, mortgages, and credit card debt in St. Louis
This table shows the averages and medians of different types debts among Credit Karma members in St. Louis.
|
Debt type |
Credit Karma members who have debt type |
Average debt |
Median debt |
Average next payment |
| Auto loan | 18,635 | $19,206 | $15,819 | $490 |
| Student loan | 10,850 | $34,908 | $17,000 | $42 |
| Hypothec Mortgage | 7,341 | $172,305 | $140,821 | $1,266 |
| Credit card | 23,770 | $5,249 | $2,298 | $150 |
How does St. Louis’s average debt compare to national averages? The next table shows the national average credit card debt of Credit Karma members and the average credit card debt among Credit Karma member in St. Louis.
|
Debt type |
National average debt |
St. Louis average debt |
| Auto loan | $24,042 | $19,206 |
| Student loan | $32,004 | $34,908 |
| Hypothec Mortgage | $235,194 | $172,305 |
| Credit card | $6,469 | $5,249 |
Credit Karma members in St. Louis had lower debt overall than the national average in all categories, except student loan debt. The average student loan debt in St. Louis amounts to almost $3,000 more than the national average.
Where does St. Louis rank in comparison to other cities?
We compared the average Credit Karma member living in 100 top cities according to U.S. Census 2021 population estimates.
St. Louis is the 92nd most expensive city among Credit Karma members. Also, the ninth-lowest overall average debt among Credit Karma members is found in St. Louis.
Here’s how St. Louis ranks against other top 100 American cities:
- Auto loan debt: 97th most
- Credit card debt: 93rd highest
- Student loan debt: 28th highest
- Mortgage debt: 87th highest
Credit inquiries, past-due accounts and credit inquiries in St. Louis
The average VantageScore 3.0 credit score among Credit Karma members was 652 while the median was 657. Both are fair. Credit Karma members had a national average VantageScore 3.0 of 673 and a median score of 682.
Members in St. Louis had an average of 4.4% credit inquiries, while the national average was 2.2%.
Average St. Louis residents have 0.75 accounts that are 30 days late. Nationally, the average account is 0.74.
Methodology
We analyzed accounts of approximately 26,000 Credit Karma members who were active within the last 36 month to determine the averages for each category of debt. This included auto lease, auto loan credit card, student loan, mortgage and total debt. The averages were calculated using information from TransUnion credit reports for members from the 90-day period prior to data pull on August 17, 2022. This analysis includes auto lease, credit card, student loan and auto loan debt. All numbers were round to the nearest whole in this report.
All data in this article were pulled from the Internet on August 17, 2022.