Best way to pay off credit card debt? Move to Indiana

Collectively, Americans owe more than $1 trillion in credit card debt.

Despite the strong preference for plastic, that burden is not felt across the board. Residents in some states are faring better than others when it comes to paying down their balances, according to a new report by WalletHub.

Using the median credit card balance and monthly credit card payment of residents in each state based on credit data from TransUnion and the Bureau of Labor Statistics, the personal finance site determined the required number of months to pay off that balance and the finance charges that would result, assuming an average 16.91% annual percentage rate.

From there, WalletHub ranked the states from least sustainable credit card debt — or longest payoff timeline — to shortest.

In Indiana, for example, where the average balance is only $2,313, it would take a little less than 10 months to pay that back while racking up $167 in interest charges.

In Alaska, however, the average balance is $4,144 — nearly twice as much — and that would take 19 months, or more than a year and a half, to pay off, while ringing up $575 in finance charges.

Here is the nationwide rundown:

States with the Highest & Lowest Credit-Card Debts

Rank* State Median Credit-Card Debt Cost to Pay off Months & Days Until Payoff
1 Alaska “$4,144 “ $575 19 months and 11 days
2 District of Columbia “$3,242 “ $404 17 months and 12 days
3 Vermont “$2,227 “ $247 15 months and 14 days
4 Washington “$2,880 “ $313 15 months and 3 days
5 Colorado “$2,985 “ $324 15 months and 3 days
6 Oregon “$2,641 “ $282 14 months and 29 days
7 Wyoming “$2,712 “ $290 14 months and 29 days
8 Virginia “$3,081 “ $327 14 months and 26 days
9 Montana “$2,579 “ $269 14 months and 17 days
10 New Mexico “$2,613 “ $268 14 months and 7 days
11 Kansas “$2,574 “ $264 14 months and 7 days
12 Texas “$2,860 “ $292 14 months and 4 days
13 Idaho “$2,426 “ $247 14 months and 4 days
14 North Dakota “$2,385 “ $236 13 months and 24 days
15 Georgia “$2,786 “ $274 13 months and 22 days
16 Utah “$2,508 “ $246 13 months and 20 days
17 Massachusetts “$2,459 “ $241 13 months and 19 days
18 California “$2,672 “ $261 13 months and 18 days
19 Arizona “$2,686 “ $262 13 months and 17 days
20 Minnesota “$2,510 “ $245 13 months and 17 days
21 Oklahoma “$2,628 “ $255 13 months and 15 days
22 North Carolina “$2,593 “ $251 13 months and 14 days
23 New Hampshire “$2,511 “ $242 13 months and 11 days
24 Nevada “$2,645 “ $254 13 months and 9 days
25 Maryland “$2,819 “ $270 13 months and 8 days
26 Tennessee “$2,544 “ $243 13 months and 8 days
27 Michigan “$2,343 “ $224 13 months and 7 days
28 South Carolina “$2,579 “ $245 13 months and 4 days
29 Maine “$2,265 “ $214 13 months and 2 days
30 Connecticut “$2,755 “ $260 13 months
31 Wisconsin “$2,120 “ $197 12 months and 29 days
32 Missouri “$2,460 “ $228 12 months and 29 days
33 Florida “$2,603 “ $239 12 months and 22 days
34 New York “$2,600 “ $238 12 months and 22 days
35 Louisiana “$2,600 “ $237 12 months and 19 days
36 New Jersey “$2,701 “ $246 12 months and 19 days
37 Illinois “$2,665 “ $241 12 months and 17 days
38 Rhode Island “$2,392 “ $216 12 months and 15 days
39 Iowa “$2,091 “ $188 12 months and 14 days
40 West Virginia “$2,331 “ $210 12 months and 14 days
41 Nebraska “$2,302 “ $207 12 months and 13 days
42 Ohio “$2,325 “ $207 12 months and 9 days
43 Arkansas “$2,353 “ $202 11 months and 29 days
44 Hawaii “$2,868 “ $246 11 months and 28 days
45 South Dakota “$2,449 “ $209 11 months and 25 days
46 Delaware “$2,515 “ $213 11 months and 23 days
47 Pennsylvania “$2,344 “ $198 11 months and 21 days
48 Alabama “$2,451 “ $206 11 months and 19 days
49 Kentucky “$2,248 “ $187 11 months and 14 days
50 Mississippi “$2,258 “ $170 10 months and 9 days
51 Indiana “$2,313 “ $167 9 months and 29 days

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