Granite Staters average credit score ranked second in nation, study finds

With the average credit score by state ranging from 672 to 726, the personal-finance website WalletHub analyzed the average credit scores of residents in all 50 states and just released its report on the States with the Highest and Lowest Credit Scores, as well as expert commentary.

The average credit score in New Hampshire is 723, which ranks 2^nd highest in the U.S.



"The average credit score by state ranges anywhere from 672, which is in the middle of the fair credit range, to 726, which is well into the good credit range. That's a 54-point difference. Moving to one of the top states may help you increase your own credit score, as they tend to have high average incomes, low unemployment rates and other positive economic factors that make it easier for residents to pay their creditors on time and limit their borrowing."
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"The states with the highest credit scores in 2025 are Minnesota (726), New Hampshire (723) and Vermont (722). All of these states have an average score well into the good credit range, which starts at 700. They are also around halfway to the excellent credit range, which starts at 750."

- Chip Lupo, WalletHub Analyst


Expert Commentary

What are the best ways to build credit?

"Start by getting a credit card, and then use it responsibly. By that I mean charge purchases on the card and then pay the balance off each month. It is important to pay after the statement date, but before or on the due date. By paying after the statement date it ensures that your balance (use of credit) gets reported, and then paying in full on the due date ensures you build on time payment history and also avoid interest charges. If possible, set up automatic payment of at least the minimum due each month to avoid having any late payments."
Bonnie Hancock - Professor, North Carolina State University

"Building and maintaining good credit is essential for securing loans, favorable interest rates, and even for certain job opportunities...Some effective ways to build or improve your credit include: Get a Secured Credit Card: A secured credit card requires a cash deposit as collateral, which makes it easier to get approved if you have no/limited/poor credit history... Use Credit Cards Responsibly: If you already have a credit card, aim to keep your credit utilization (the amount you spend compared to your credit limit) low - ideally under 30%. Pay off your balance in full whenever possible to avoid interest charges and keep your credit score healthy... Pay All Bills on Time: Consistently making on-time payments for your accounts can help you build and maintain a healthy credit history...Set up automatic payments so you never miss a payment, or bill pay reminders to receive notifications when your bills are due to ensure that you pay everything on time... Review Your Credit Report Regularly: Check your credit report for errors or fraudulent activity... Building credit takes time and consistent effort, but with patience and responsible financial habits, you will see steady improvements in your score."
Asit Bandyopadhayay, Ph.D. - Assistant Professor, Austin Peay State University


What are the most common misconceptions about credit scores?

"I see people afraid to apply for new credit because they are worried it will hurt their credit. What they fail to understand is that having additional open credit (and not fully using it) can improve the utilization portion of your score which is a more significant factor in your overall score than having a new credit inquiry listed."
Bonnie Hancock - Professor, North Carolina State University


What are the best strategies people can use to minimize the impact of inflation on their credit scores?

"Only use credit if you are sure you can pay at least the minimum payment. People should also think about their overall financial health and try to not carry a balance from month to month as the interest charged is significant."
Bonnie Hancock - Professor, North Carolina State University


What are the most common mistakes to avoid when trying to improve your credit score?

"Do not fall for offers of quick fixes to your credit. Building your credit score generally takes time, so plan ahead and work on your credit score at least a year in advance of a major purchase like a home.

Failing to get educated on the makeup of credit scores and what you can do to make improvements. There are lots of great sites like Credit Karma that explain what goes into your score and what you can do to improve it."
Bonnie Hancock - Professor, North Carolina State University