Average debt doubled over ten years in Idaho and Utah — The Hill

In the United States, the average amount of debt held by residents of Idaho and Utah has more than doubled over the past ten years. According to a MoneyLion study shared with Nexstar, from 2015 to 2025, the total debt of Idaho residents increased by 106%, while that of Utah residents rose by 104%.

As The Hill reports, the analysis included mortgages, credit card debt, as well as student and auto loans.

States with the largest debt increases

In Idaho, the average amounts of auto loans, mortgages, and credit card debt rose substantially. At the same time, student debt in the state increased by about 26%.

The top ten states with the largest increase in total debt over ten years also included Texas — 93%, Nevada — 91%, Florida — 88%, South Carolina — 82%, Arizona — 81%, Tennessee — 77%, Colorado — 75%, and North Carolina — 72%.

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Credit cards and mortgages

The largest increase in credit card debt was recorded in Nevada. The combined debt of the state's residents on such cards rose from $6 billion in 2015 to more than $14 billion in 2025.

Mortgage debt increased most noticeably in Idaho, Utah, and Texas. The article notes that after the pandemic, these states were considered attractive places to move to, and their populations grew. The source describes mortgages as a less problematic type of debt than some others, since homes purchased with loans are expected to be able to rise in value.

Last week, the U.S. Federal Reserve raised the target range for its benchmark rate by 0.25 percentage points, to 3.75–4%. This was the first rate increase since the summer of 2023. According to the article, higher rates may eventually affect borrowers planning major purchases on credit, as well as increase costs for people who are already paying interest on credit card debt.

At the same time, the share of debt payments in U.S. households' after-tax income currently remains relatively low overall. Therefore, the article notes, some households may not immediately feel an increase in their debt burden.