![]() ![]() In Utah, the average student debt was just under $20,000 in 2017, while in New Hampshire it was more than $36,000. On a per-person level, that translates to an average debt of $32,731 for individual indebted graduates.Ī GOBankingRates study on student loan debt by state revealed that not all states are created equal when it comes to student loan debt. What you owe has a lot to do with how your finances stack up against your fellow Americans, who are collectively carrying about $1.5 trillion in student debt as of the fourth quarter of 2018, according to the Federal Reserve. Story continues Average Student Loan Debt: $32,731 Median home prices in the United States are much higher than home values - $275,000, just under $50,000 over the median value - potentially indicating that the demand for homes is outpacing supply by a wide margin. Of course, what a home is worth is one thing, what it will sell for can be another factor entirely - especially for someone in the market for a new home. Take a Look: Here’s How Much a Home Is Worth in Every State Average Home Prices: $275,000 Residents of California have a median home value in excess of a half million dollars while Mississippians are looking at a number of just over $115,000. Where you live, however, has a lot to do with what you’ll pay for a home - and whether you can expect prices to rise or fall. Average Home Value: $225,300Īccording to Zillow’s home value index, the median home value in America rose by 9.8 percent over the past year from $205,100 in December 2017 to $225,300 in December 2018. This combined data has information from millions of people across all 50 states to help you understand how you measure up against the masses when it comes to savings, home values, the prospect of a good retirement, common financial stresses and more. As such, knowing where your financial picture stacks up against the average American’s financial statistics is something plenty of people wonder about.įortunately for you, GOBankingRates compiled the results from the surveys and studies it conducted over the past year to help paint a clearer picture of what the average American’s finances are like. Most people are at least a little concerned with “keeping up with the Joneses.” After all, however happy you might be with your current financial situation could change in a hurry after you find out your eccentric neighbor or deadbeat cousin is earning more than you. This article originally appeared on : How Do Your Finances Measure Up to the Typical American’s? ![]()
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