32 States Where Consumer Debt Fell the Most Since Last Year

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With inflation still squeezing household budgets and interest rates staying high for most of the year, national consumer debt continues to climb across borrowing categories — from mortgages and credit cards to auto loans and HELOCs — compared to last year.

In June 2025, Americans collectively owed $18.33 trillion in consumer debt, up 3.2% from June 2024’s $17.76 trillion, according to a new Experian study.

You might expect that trend to show up across all 50 states. But according to Experian, consumer debt actually fell in 32 states.

Here are the states with the largest year-over-year debt declines, ranked from highest to lowest.

District of Columbia

• Average consumer debt in 2025: $156,868
• Average consumer debt in 2024: $163,598
• Dollar difference: $6,730 per consumer
• Percentage change: 4.1% 

Louisiana

• Average consumer debt in 2025: $77,868
• Average consumer debt in 2024: $79,557
• Dollar difference: -$1,689 per consumer
• Percentage change: 2.1% 

Oklahoma

• Average consumer debt in 2025: $73,192
• Average consumer debt in 2024: $74,622
• Dollar difference: -$1,430 per consumer
• Percentage change: 1.9% 

Maryland

• Average consumer debt in 2025: $128,998
• Average consumer debt in 2024: $131,163
• Dollar difference: -$2,165 per consumer
• Percentage change: 1.7%

North Dakota

• Average consumer debt in 2025: $90,555
• Average consumer debt in 2024: $91,915
• Dollar difference: -$1,360 per consumer
• Percentage change: 1.5%

Illinois

• Average consumer debt in 2025: $87,090
• Average consumer debt in 2024: $88,307
• Dollar difference: -$1,217 per consumer
  Percentage change: 1.4%

Michigan

• Average consumer debt in 2025: $76,414
• Average consumer debt in 2024: $77,389
• Dollar difference: -$975 per consumer
• Percentage change: 1.3%

Pennsylvania

• Average consumer debt in 2025: $83,483
• Average consumer debt in 2024: $84,620
• Dollar difference: -$1,137 per consumer
• Percentage change: 1.3%

Mississippi

• Average consumer debt in 2025: $64,241
• Average consumer debt in 2024: $64,950
• Dollar difference: -$709 per consumer
• Percentage change: 1.1%

New Jersey

• Average consumer debt in 2025: $109,831
• Average consumer debt in 2024: $110,854
• Dollar difference: -$1,023 per consumer
• Percentage change: 0.9%

New York

• Average consumer debt in 2025: $93,760
• Average consumer debt in 2024: $94,598
• Dollar difference: -$838 per consumer
• Percentage change: 0.9%

Alabama

• Average consumer debt in 2025: $77,814
• Average consumer debt in 2024: $78,393
• Dollar difference: -$579 per consumer
• Percentage change: 0.7%

Connecticut

• Average consumer debt in 2025: $110,272
• Average consumer debt in 2024: $111,067
• Dollar difference: -$795 per consumer
• Percentage change: 0.7%

Kentucky

• Average consumer debt in 2025: $71,816
• Average consumer debt in 2024: $72,342
• Dollar difference: -$526 per consumer
• Percentage change: 0.7%

Nebraska

• Average consumer debt in 2025: $85,744
• Average consumer debt in 2024: $86,309
• Dollar difference: -$565 per consumer
• Percentage change: 0.7%

Colorado

• Average consumer debt in 2025: $155,204
• Average consumer debt in 2024: $156,097
• Dollar difference: -$893 per consumer
• Percentage change: 0.6%

Massachusetts

• Average consumer debt in 2025: $130,772
• Average consumer debt in 2024: $131,517
• Dollar difference: -$745 per consumer
• Percentage change: 0.6%

Minnesota

• Average consumer debt in 2025: $105,918
• Average consumer debt in 2024: $106,596
• Dollar difference: -$678 per consumer
  Percentage change: 0.6%

Missouri

• Average consumer debt in 2025: $81,656
• Average consumer debt in 2024: $82,121
• Dollar difference: -$465 per consumer
• Percentage change: 0.6%

Ohio

• Average consumer debt in 2025: $74,140
• Average consumer debt in 2024: $74,590
• Dollar difference: -$450 per consumer
• Percentage change: 0.6%

Alaska

• Average consumer debt in 2025: $117,035
• Average consumer debt in 2024: $117,648
• Dollar difference: -$613 per consumer
• Percentage change: 0.5%

Rhode Island

• Average consumer debt in 2025: $102,317
• Average consumer debt in 2024: $102,717
• Dollar difference: -$400 per consumer
• Percentage change: 0.4%

Virginia

• Average consumer debt in 2025: $126,747
• Average consumer debt in 2024: $127,249
• Dollar difference: -$502 per consumer
• Percentage change: 0.4%

Wisconsin

• Average consumer debt in 2025: $85,354
• Average consumer debt in 2024: $85,579
• Dollar difference: -$225 per consumer
• Percentage change: 0.3%

California

• Average consumer debt in 2025: $151,749
• Average consumer debt in 2024: $152,142
• Dollar difference: -$393 per consumer
  Percentage change: 0.3%

Hawaii

• Average consumer debt in 2025: $148,442
• Average consumer debt in 2024: $148,924
• Dollar difference: -$482 per consumer
• Percentage change: 0.3%

Iowa

• Average consumer debt in 2025: $80,623
• Average consumer debt in 2024: $80,846
• Dollar difference: -$223 per consumer
• Percentage change: 0.3%

Delaware

• Average consumer debt in 2025: $106,512
• Average consumer debt in 2024: $106,766
• Dollar difference: -$254 per consumer
• Percentage change: 0.2%

Indiana

• Average consumer debt in 2025: $79,048
• Average consumer debt in 2024: $79,201
• Dollar difference: -$153 per consumer
• Percentage change: 0.2%

Kansas

• Average consumer debt in 2025: $80,485
• Average consumer debt in 2024: $80,651
• Dollar difference: -$166 per consumer
• Percentage change: 0.2%

West Virginia

• Average consumer debt in 2025: $63,441
• Average consumer debt in 2024: $63,597
• Dollar difference: -$156 per consumer
• Percentage change: 0.2%

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