The average FICO Score reached a record high of 710 in 2020—here’s the average credit score in every state - CNBC

While 2020 was a year of economic uncertainty for many Americans, the average FICO Score still managed to hit a record high of 710, according to Experian's 2020 Consumer Credit Review. That's a seven-point increase from 2019 and up a whopping 21 points since 2010.

The rise in credit scores can be attributed to Americans spending less money and paying their credit card statements on time.

In addition to credit scores hitting a new high, consumers in all 50 states and Washington D.C. saw a rise in their average credit scores by three to 10 points.

Here's a breakdown of the key findings from Experian's 2020 report, the average credit score in every state and a free and easy way to boost your credit.

Key findings

• The average FICO score in the U.S. hit a record high of 710 in 2020.
• Minnesota residents had the highest average credit score for the ninth consecutive year at 739.
• Mississippi residents had the lowest average credit score at 675.
• More than two-thirds (69%) of Americans had a good FICO score — 670 or higher — marking a 3% point improvement from 2019

What are the FICO Score ranges?

FICO Scores are broken up into five categories that designate whether a consumer is considered to have very poor, fair, good, very good or excellent credit.

Here are the credit score ranges for each category:

Take action: Check your FICO credit score for free

Top 10 states with the highest credit scores

Just like last year, Midwestern states maintained the highest average credit scores. All of the top 10 states with the highest credit scores in 2020 were also in the top 10 in 2019, but the order changed slightly. However, Minnesota continued to top the list with the highest average FICO score (739) for the ninth straight year.

Here are the top 10 states with the highest credit scores in 2020:

1. Minnesota: 739
2. Wisconsin: 732
3. South Dakota: 731
4. Vermont: 731
5. North Dakota: 730
6. Washington: 730
7. Massachusetts: 729
8. New Hampshire: 729
9. Nebraska: 728
10. Hawaii: 727

Top 10 states with the lowest credit scores

Following the same pattern as 2019, southern states had lower average credit scores than the rest of the country. The 10 states with the lowest credit scores remained the same as last year, but a few rankings moved around. Mississippi still has the lowest credit score of any state (675), but they did see an eight-point increase from last year (667).

Here are the top 10 states with the lowest credit scores in 2020:

1. Mississippi: 675
2. Louisiana: 684
3. Alabama: 686
4. Texas: 688
5. Georgia: 689
6. South Carolina: 689
7. Arkansas: 690
8. Oklahoma: 690
9. New Mexico: 694
10. Nevada: 695

Here's a complete list of the credit scores in every state and how they changed between 2019 and 2020.

Average FICO Scores by state in 2020

State	2019	2020	Change
Alabama	680	686	6
Alaska	707	714	7
Arizona	696	706	10
Arkansas	683	690	7
California	708	716	8
Colorado	718	725	7
Connecticut	717	723	6
Delaware	701	710	9
District of Columbia	703	713	10
Florida	694	701	7
Georgia	682	689	7
Hawaii	723	727	4
Idaho	711	720	9
Illinois	709	716	7
Indiana	699	707	8
Iowa	720	726	6
Kansas	711	717	6
Kentucky	692	989	6
Louisiana	677	684	7
Maine	715	721	6
Maryland	704	712	8
Massachusetts	723	729	6
Michigan	706	714	8
Minnesota	733	739	6
Mississippi	667	675	8
Missouri	701	707	6
Montana	720	726	6
Nebraska	723	728	5
Nevada	686	695	9
New Hampshire	724	729	5
New Jersey	714	721	7
New Mexico	686	694	8
New York	712	718	6
North Carolina	694	703	9
North Dakota	727	730	3
Ohio	705	711	6
Oklahoma	682	690	8
Oregon	718	727	9
Pennsylvania	713	720	7
Rhode Island	713	719	6
South Dakota	727	731	4
Tennessee	690	697	7
Texas	680	688	8
Utah	716	723	7
Vermont	726	731	5
Virginia	709	717	8
Washington	723	730	7
West Virginia	687	695	8
Wisconsin	725	732	7
Wyoming	712	719	7

Boost your credit with this free service

If your credit score didn't increase in 2020 or you simply want to raise it higher to qualify for a mortgage or other financial product, consider signing up for Experian Boost™. This is a free service that lets you get credit for positive, on-time utility, telecom and streaming subscription payments.

Eligible types of utility, telecom and streaming subscription payments include:

• Mobile and landline phones
• Internet
• Cable and satellite
• Gas and electric
• Water
• Power and solar
• Trash
• Netflix®
• HBO™
• Hulu™
• Disney+™
• Starz

After you sign up for Experian Boost and connect your bills, you'll instantly receive your new FICO Score provided by Experian, which could reflect an increase. This service is provided by Experian, so it only influences your Experian credit report.

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Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

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The average FICO Score reached a record high of 710 in 2020—here’s the average credit score in every state - CNBC
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