5 of the top 10 California cities with the biggest credit card balances are in Orange County – Orange County Register

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Who Has The Most Credit Card Debt In California?

LendingTree, an online loan service, attempted to answer this question by studying the aggregate finances of its clients in 165 major California cities. Sure, these are the customers of a business – and these people are loan buyers. Still, that’s a snapshot of who borrows how much, city by city.

Here’s what my trusty spreadsheet found after looking at average credit card balances. The biggest sales were found mostly in wealthy communities. The lowest debts were generally observed in low-income cities, perhaps reflecting some inability to obtain such credit.

Statewide, the median credit card balance in the 165 cities was $ 7,390 – debt equivalent to 24% of the average Californians’ $ 30,456 in aggregate non-mortgage loans that also include auto loans. , personal and educational.

Ranking of cities by loan balance of these Californians with such debts …

No. 1: San Rafael with $ 13,515 in credit card debt held by 92% of its residents. That’s 40% of the $ 33,669 average of total non-mortgage debt owed – No. 46 statewide.

No. 2: Laguna Niguel at $ 12,123 for 90% of residents. That’s 32% of $ 38,075 of all debt – No. 14 among major cities.

No. 3: Lake Forest at $ 11,722 for 91% of residents. That’s 35% of $ 33,226 of all debt – No. 51 statewide.

Number 4: Thousand Oaks at $ 11,545 for 93% of residents. That’s 30% of $ 38,587 of all debt – No. 10 among major cities.

No. 5: Yorba Linda at $ 11,311 for 91% of residents. That’s 20% of $ 55,229 of all debt – No. 1 statewide.

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Number 6: Newport Beach at $ 11,226 for 92% of residents. That’s 29% of $ 38,552 of all debt – No. 11 among major cities.

No. 7: San Clemente at $ 10,821 for 94% of residents. That’s 28% of $ 38,994 of all debt – No. 9 statewide.

No. 8: Chino Hills at $ 10,805 for 88% of residents. That’s 27% of $ 40,622 of all debt – No. 6 among major cities.

N ° 9: Redondo Beach at $ 10,678 for 95% of residents. That’s 32% of $ 33,018 of all debt – No. 54 statewide.

N ° 10: San Ramon at $ 10,676 for 96% of residents. That’s 32% of $ 33,677 of all debt – No. 45 among major cities.

N ° 11: Mission Viejo at $ 10,642 for 94% of residents. That’s 33% of $ 31,775 of all debt – No. 66 statewide.

No. 12: Tustin at $ 10,211 for 85% of residents. That’s 30% of $ 34,036 of all debt – No. 40 among major cities.

No. 13: Novato at $ 10,180 for 90% of residents. That’s 33% of $ 30,406 of all debt – No. 84 statewide.

No. 14: Temecula at $ 10,156 for 91% of residents. That’s 22% of $ 45,584 of all debt – No. 3 among major cities.

N ° 15: Rocklin at $ 10,066 for 92% of residents. That’s 26% of $ 39,078 of all debt – No. 8 statewide.

Compare these levels of credit card debt to the cities with the lowest amounts …

In last place is Porterville with a debt of $ 4,510 held by 78% of the city’s residents. This equates to 16% of the city’s average $ 27,859 in aggregate non-mortgage debt – No. 122 statewide.

Next is Huntington Park at $ 4,582 for 77% of residents. That’s 22% of $ 21,001 of all debt – No. 162 among major cities.

Next is Paramount with $ 4,644 held by 79% of residents. That’s 23% of $ 20,422 of all debt – No. 164 statewide.

And credit card debt in California’s three most populous cities …

Los Angeles: $ 7,493 – ranking # 88 owed by 83% of city residents. This equates to 26% of $ 29,350 in non-mortgage debt – No. 100 statewide.

San Diego: $ 8,041 – # 112 – for 87% of residents. That’s 24% of $ 33,188 of all debt – No. 52 statewide.

San José: $ 7,569 – No. 95 – for 89% of residents. That’s 29% of $ 26,467 of all debt – No. 141 statewide.

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