Top 100 markets where millennials carry most auto debt

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CHARLOTTE, N.C. –
This week, LendingTree released its study on where millennials owe the most on their financed vehicles.
And as they say, everything is bigger in Texas.
The results, ranked by median balance, showed where millennials are the most and least burdened by auto debt. Metros in the Lone Star State dominated the top of the list as McAllen, Houston, El Paso and San Antonio have the highest median auto loan balances for millennials at $23,704, $20,925, $20,544 and $20,521 respectively.
Ironically, Detroit, the Motor City, had the lowest levels of millennial auto debt on LendingTree’s list with a median debt of $10,841 as well as the lowest average debt of $14,573.
After Detroit, millennials in Rochester, N.Y., Grand Rapids, Toledo, Ohio, and Cleveland carry the lowest median auto debts, at $12,165, $12,429, $12,678 and $12,717 respectively.
Meanwhile, New York and Ogden, Utah are on opposite ends of the spectrum when it comes to carrying any auto debt at all. LendingTree found that New York has the lowest percentage of millennials with auto debt at 41.5 percent while Ogden, Utah has the highest percentage of millennials with auto debt (64.5 percent).
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Rank | Metro | Median Auto Balance | Average Auto Balance | % of Millennials Who Have a Current Balance |
---|---|---|---|---|
1 | McAllen, Texas | $23,704 | $31,598 | 61.2% |
2 | Houston | $20,925 | $26,471 | 59.3% |
3 | El Paso, Texas | $20,544 | $27,010 | 61.9% |
4 | San Antonio | $20,521 | $25,745 | 61.6% |
5 | Baton Rouge, La. | $20,124 | $25,732 | 58.9% |
6 | Little Rock, Ark. | $19,987 | $25,225 | 63.3% |
7 | Albuquerque, N.M. | $19,298 | $25,095 | 56.6% |
8 | Dallas | $19,123 | $24,228 | 59.8% |
9 | Lakeland-Winter Haven, Fla. | $18,578 | $23,345 | 60.3% |
10 | Phoenix | $18,568 | $23,289 | 59.5% |
11 | Tucson, Ariz. | $18,305 | $22,832 | 55.6% |
12 | Birmingham, Ala. | $18,274 | $21,924 | 56.2% |
13 | Las Vegas | $18,244 | $22,818 | 59.9% |
14 | Riverside, Calif. | $18,203 | $22,969 | 58.9% |
15 | New Orleans | $18,160 | $22,547 | 50.7% |
16 | Jackson, Miss. | $18,057 | $22,136 | 53.3% |
17 | Bakersfield, Calif. | $18,046 | $24,268 | 61.6% |
18 | Honolulu | $18,007 | $22,386 | 52.4% |
19 | Tulsa, Okla. | $17,933 | $22,272 | 53.7% |
20 | Austin, Texas | $17,799 | $22,184 | 57.8% |
21 | Oklahoma City | $17,718 | $23,088 | 58.5% |
22 | Charleston, S.C. | $17,519 | $21,358 | 56.6% |
23 | Jacksonville, Fla. | $17,504 | $22,538 | 60.8% |
24 | Augusta, Ga. | $17,408 | $22,238 | 60.1% |
25 | Melbourne, Fla. | $17,307 | $20,256 | 58.5% |
26 | Atlanta | $17,286 | $21,511 | 53.0% |
27 | Sarasota, Fla. | $17,248 | $21,450 | 60.1% |
28 | Colorado Springs, Colo. | $17,150 | $22,121 | 62.8% |
29 | Columbia, S.C. | $17,123 | $21,102 | 57.1% |
30 | Fresno, Calif. | $17,113 | $22,205 | 54.6% |
31 | Daytona Beach, Fla. | $17,071 | $21,475 | 61.7% |
32 | Virginia Beach, Va. | $17,031 | $21,260 | 59.2% |
33 | San Jose, Calif. | $17,027 | $21,020 | 51.7% |
34 | Chattanooga, Tenn. | $16,845 | $20,307 | 55.3% |
35 | Memphis, Tenn. | $16,830 | $20,863 | 54.1% |
36 | Fort Myers, Fla. | $16,816 | $19,908 | 63.5% |
37 | San Francisco | $16,766 | $21,209 | 46.2% |
38 | Greenville, S.C. | $16,640 | $20,839 | 52.0% |
39 | Stockton, Calif. | $16,605 | $22,171 | 57.8% |
40 | Boise, Idaho | $16,504 | $21,721 | 59.2% |
41 | Knoxville, Tenn. | $16,392 | $21,219 | 58.0% |
42 | Seattle | $16,376 | $20,643 | 54.6% |
43 | Tampa, Fla. | $16,282 | $20,488 | 59.5% |
44 | Baltimore | $16,180 | $19,656 | 57.5% |
45 | Des Moines, Iowa | $16,154 | $20,651 | 62.5% |
46 | Washington | $16,152 | $20,208 | 52.5% |
47 | Kansas City, Mo. | $16,138 | $20,091 | 58.7% |
48 | Raleigh, N.C. | $16,079 | $19,375 | 47.5% |
49 | Wichita, Kan. | $16,036 | $21,431 | 63.0% |
50 | Nashville, Tenn. | $16,021 | $19,719 | 54.1% |
51 | Oxnard, Calif. | $15,951 | $21,352 | 58.5% |
52 | Orlando, Fla. | $15,936 | $19,733 | 56.3% |
53 | San Diego | $15,922 | $19,899 | 55.1% |
54 | Charlotte, N.C. | $15,785 | $20,629 | 55.9% |
55 | Denver | $15,771 | $19,985 | 55.8% |
56 | Chicago | $15,759 | $19,084 | 52.6% |
57 | Greensboro, N.C. | $15,736 | $19,436 | 51.4% |
58 | Pittsburgh | $15,552 | $19,267 | 58.5% |
59 | Richmond, Va. | $15,492 | $19,803 | 55.3% |
60 | Portland, Ore. | $15,483 | $19,667 | 51.0% |
61 | Sacramento, Calif. | $15,406 | $20,130 | 52.9% |
62 | Ogden, Utah | $15,359 | $19,743 | 64.5% |
63 | Spokane, Wash. | $15,344 | $20,223 | 49.8% |
64 | Miami | $15,238 | $18,798 | 54.0% |
65 | St. Louis | $15,169 | $19,505 | 59.4% |
66 | Winston-Salem, N.C. | $15,088 | $20,009 | 51.6% |
67 | Syracuse, N.Y. | $15,086 | $18,423 | 61.1% |
68 | Indianapolis | $15,044 | $19,277 | 58.4% |
69 | Salt Lake City | $15,031 | $20,187 | 59.2% |
70 | Worcester, Mass. | $14,959 | $18,140 | 60.0% |
71 | Omaha, Neb. | $14,866 | $18,489 | 59.7% |
72 | Los Angeles | $14,847 | $18,860 | 52.8% |
73 | Provo, Utah | $14,722 | $21,004 | 60.6% |
74 | Cincinnati | $14,583 | $18,829 | 59.8% |
75 | Dayton, Ohio | $14,502 | $18,342 | 57.5% |
76 | Scranton, Pa. | $14,500 | $17,988 | 54.1% |
77 | Allentown, Pa. | $14,408 | $18,381 | 60.4% |
78 | Louisville, Ky. | $14,304 | $18,077 | 53.3% |
79 | Philadelphia | $14,075 | $17,176 | 52.4% |
80 | Columbus, Ohio | $14,067 | $17,600 | 59.4% |
81 | Springfield, Mass. | $13,976 | $17,327 | 53.8% |
82 | Albany, N.Y. | $13,789 | $18,117 | 56.7% |
83 | Harrisburg, Pa. | $13,750 | $17,471 | 55.5% |
84 | New York | $13,736 | $17,073 | 41.5% |
85 | Hartford, Conn. | $13,718 | $15,989 | 56.0% |
86 | Madison, Wis. | $13,643 | $16,551 | 57.5% |
87 | Providence, R.I. | $13,459 | $16,403 | 54.8% |
88 | Milwaukee | $13,356 | $16,276 | 55.0% |
89 | Buffalo, N.Y. | $13,348 | $17,119 | 62.5% |
90 | Akron, Ohio | $13,336 | $16,002 | 62.6% |
91 | Minneapolis | $13,250 | $17,053 | 52.1% |
92 | Youngstown, Ohio | $13,208 | $16,878 | 61.0% |
93 | Boston | $13,200 | $16,673 | 52.6% |
94 | New Haven, Conn. | $13,142 | $15,220 | 56.1% |
95 | Bridgeport, Conn. | $12,861 | $15,130 | 53.5% |
96 | Cleveland | $12,717 | $15,871 | 59.6% |
97 | Toledo, Ohio | $12,678 | $15,825 | 58.4% |
98 | Grand Rapids, Mich. | $12,429 | $14,956 | 51.1% |
99 | Rochester, N.Y. | $12,165 | $15,962 | 60.1% |
100 | Detroit | $10,841 | $14,573 | 54.6% |
Source: LendingTree