These Are FL's Most Debt-Ridden Communities

FLORIDA — Miami is the most debt-ridden metro in the Sunshine State, according to a recent report.

LendingTree released its list of the most debt-ridden U.S. metros, examining which major cities have the most non-mortgage debt.

According to the study, residents across the largest metros have an average of $37,827 in non-mortgage debt. Across the 50 metros, auto loan debt is the highest at an average of $12,437, ahead of student loans at $11,747, credit cards at $7,890 and personal loans at $3,703.

Miami is the 4th-most debt-ridden metro in the country and the most debt-ridden metro in the state, according to the report. Residents in Miami owe an average of $44,230, and 97.3% of residents carry non-mortgage debt.

Other Florida cities on the list are No. 7 Orlando with a debt load of $43,888, and 97.7% of residents carry non-mortgage debt. Tampa is No. 10 overall with $41,439 in debt, and 97.3% non-mortgage debt.

Jacksonville is No. 11 on the rankings with $40,869 in debt.

Austin, Texas, is the most debt-ridden metro in the nation, according to the report, with residents owing an average of $45,920 in non-mortgage debt. Conversely, San Jose, California, is the least debt-ridden metro, with residents owning an average of $26,704 in non-mortgage debt. San Jose residents also have the lowest average student loan debt at $5,033.

LendingTree researchers analyzed sample data of about 210,000 anonymized credit reports of LendingTree users from April, May and June 2024 to calculate average non-mortgage debt balances, which included auto loans, credit cards, personal loans, student loans, and other types of debt, excluding mortgages.

View the full list on LendingTree.