Cities with highest student loan debt burden

    Wondering which cities student loan borrowers struggled the most in? Credible Labs, Inc. took the data from the top 23 most populous cities in the U.S. based on U.S. Census data. We then compared the average income of our borrowers in each of those cities with the average monthly housing payment and their average monthly student loan payment, to see how affordable student loan payments actually are for borrowers across the country.

    The following are the average monthly loan payment, monthly housing payment, and annual income for the nearly 9,000 borrowers in the 23 most populous cities in America:

    $655 – Average student loan borrower monthly student loan payment

    $1,231 – Average student loan borrower monthly housing payment

    $77,698 – Average student loan borrower annual income

    5 cities where student loans borrowers struggle the most with debt:

    1. San Jose, CA
    2. Fort Worth, TX
    3. Boston, MA
    4. Los Angeles, CA
    5. Denver, CO

    Source: Source:  Credible Labs, Inc.

    5 cities where student loans borrowers struggle the least with debt:*

    1. Dallas, TX
    2. Jacksonville, FL
    3. Houston, TX
    4. Columbus, OH
    5. Austin, TX

    Source:  Credible Labs, Inc.

    23 cities with highest student loan debt burden

    RANKING* CITY AVERAGE BORROWER MONTHLY STUDENT LOAN PAYMENT AVERAGE BORROWER MONTHLY HOUSING PAYMENT AVERAGE BORROWER ANNUAL INCOME STUDENT LOAN & HOUSING COSTS AS A PERCENTAGE OF MONTHLY INCOME
    1 San Jose, California $572 $1,661 $85,129 31.47%
    2 Fort Worth, Texas $548 $1,209 $67,042 31.45%
    3 Boston, Massachusetts $689 $1,226 $73,186 31.40%
    4 Los Angeles, California $690 $1,383 $79,630 31.24%
    5 Denver, Colorado $636 $1,231 $71,847 31.18%
    6 New York, New York $831 $1,629 $94,806 31.14%
    7 Indianapolis, Indiana $597 $812 $55,041 30.71%
    8 San Diego, California $614 $1,340 $78,333 29.92%
    9 San Antonio, Texas $579 $1,168 $70,630 29.69%
    10 Philadelphia, Pennsylvania $701 $1,020 $69,757 29.61%
    11 Seattle, Washington $638 $1,353 $81,293 29.39%
    12 Phoenix, Arizona $528 $1,115 $67,431 29.24%
    13 San Francisco, California $798 $1,684 $102,987 28.92%
    14 Washington, District of Columbia $674 $1,461 $88,819 28.85%
    15 Nashville, Tennessee $550 $1,047 $66,843 28.68%
    16 Memphis, Tennessee $549 $980 $65,206 28.13%
    17 Chicago, Illinois $694 $1,167 $80,198 27.85%
    18 Charlotte, North Carolina $534 $963 $64,522 27.85%
    19 Austin, Texas $587 $1,187 $76,478 27.84%
    20 Columbus, Ohio $663 $956 $70,977 27.38%
    21 Houston, Texas $628 $1,247 $83,528 26.94%
    22 Jacksonville, Florida $671 $1,083 $78,982 26.65%
    23 Dallas, Texas $688 $1,237 $88,001 26.24%
    Source:  Credible Labs, Inc.

    *Cities are ranked from highest to lowest student loan & housing costs as a percentage of monthly income (i.e. highest to lowest student loan and housing costs burden).


    Updated: July 1, 2017

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