Silicon Valley cities with the highest average credit card debt

Category: Credit Card Debt Published: Saturday, 16 January 2016 Written by Super User

In general, higher-income cities had higher average credit debt, with Los Altos and Los Gatos having the highest and fourth-highest per capita incomes in the region. Lower-income cities like East Palo Alto and Gilroy, with the lowest and second-lowest per capita incomes, generally have higher average lengths of time to pay off their credit card debts.

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See the infographic below this article for a complete list of cities ranked by credit card debt and the average months it takes to pay off that debt, as well as the correlation between those figures and per capita income.

The study looked at the largest 2,547 cities in the United States, and Silicon Valley cities made up eight of the top 12 cities when ranked by least amount of time to pay their debt off (see above for a chart showing the nationwide rankings).

For a description of the CreditHub studys methodology, click here.

*For purposes of this article, Silicon Valley is defined as Santa Clara County, cities in San Mateo County adjacent to and south of the San Mateo Bridge, and Fremont, Newark and Union City.

Bryce Druzin is economic development reporter at the Silicon Valley Business Journal.

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