With Americans’ debt reaching approximately $18.2 trillion, the personal finance website WalletHub has released its report on the Cities Paying Off the Most Household Debt, using newly published data from the Federal Reserve.
| Largest Decrease | Smallest Decrease | |
| 1. Santa Clarita, CA | 173. Buffalo, NY | |
| 2. Fremont, CA | 174. Akron, OH | |
| 3. Chesapeake, VA | 175. Memphis, TN | |
| 4. San Jose, CA | 176. New Haven, CT | |
| 5. Pearl City, HI | 177. Milwaukee, WI | |
| 6. Gilbert, AZ | 178. Jackson, MS | |
| 7. Chula Vista, CA | 179. Toledo, OH | |
| 8. Irvine, CA | 180. Newark, NJ | |
| 9. Huntington Beach, CA | 181. Cleveland, OH | |
| 10. San Francisco, CA | 182. Detroit, MI |
National Stats
- Q1 Results: Total household debt decreased by $73 billion during Q1 2025. That is 47% less than the decrease in Q1 2024.
- Household Average: The average household owed a total of $151,252 at the end of Q1 2025, which is $13,785 below the all-time high.
- Total Debt-to-Deposits Ratio: The ratio of total household debt to deposits indicates consumers are in good shape, as it's still below pre-Covid levels and roughly 47% lower than its early-2000s peak.
- Total Debt-to-Assets: The ratio between total household debt and assets, at 9.45%, continues to be at a very healthy level.
“A large decrease in the average resident’s debt in a city is a great sign – it shows that people are not only keeping up with their payments but also cutting back on borrowing. When it comes to Santa Clarita, CA, Fremont, CA and Chesapeake, VA, the three cities with the largest decreases, residents are fairly wealthy and responsible with credit, so their large debt decreases aren’t too surprising.”
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“Santa Clarita residents paid off the most household debt in the first quarter of 2025, with the average dropping by $2,027. This brought the average household debt in Santa Clarita to roughly $472,000, which is also the highest total of any city.”
- Chip Lupo, WalletHub Analyst
More From WalletHub
- 2025 Household Debt Report
- Cities Adding the Most Personal Loan Debt
- Cities Adding the Most Credit Card Debt
- States Where Consumers Are Adding the Most Debt
- States With Largest and Smallest Credit Card Debt Increases
- States Adding the Most Mortgage Debt
- States Adding the Most Personal Loan Debt
- States Where Auto Loan Debt Is Decreasing the Most
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