ND has third lowest credit card debt
North Dakotans have the third lowest amount of credit card debt when compared to other state averages, according to ChamberOfCommerce.org.
On average, a North Dakotan consumer holds just more than $7,000, behind only Iowa and Wisconsin. Experts say this ranking is reflective of a robust local economy.
“Bismarck-Mandan's economy as a whole is doing incredibly well. We're in the midst of our building season; we've got more people employed than we did 12 months ago; we have an unemployment rate that's at a 2-year low. If someone were to look at Bismarck-Mandan from a 30,000 foot level, you would deduce that we're going very very well economically," said Brian Ritter, Bis-Man EDC president.
Our neighbors to the south average $100 more per person. Minnesota averages nearly $7,400 per person. The worst states include Texas and Virginia at $9,100, but Alaska leads at more than $10,600.