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Comprehensive Local Credit Card Guide

New Mexico Credit Cards

Credit Card Debt in NM

^ New Mexico residents have average credit card debt of $4,920, which ranks 22nd in the nation. [1]

Credit Card Info in NM by City

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Credit Card Delinquency in NM

^ The credit card delinquency rate for New Mexico residents is 0.55%, which ranks 28th in the U.S. [2]

NM Credit Cards

New Mexico Credit Card & Personal Finance Statistics

New Mexico Credit Card Debt


  • Credit Card Debt: NM vs. U.S.
    • New Mexico residents have average credit card debt of $4,920. [1]
    • The average credit card debt amount in New Mexico is 1% less than the national average of $4,965.
    • NM ranks 22nd in the nation in average credit card debt. [1]

Credit Card Delinquency in NM


  • Cardholders that are more than 90 days late on credit card payments in New Mexico [2]
    • New Mexico ranks 28th in the nation with a credit card delinquency rate that is 4% less than the national average of 0.57%.
    • New Mexico Rate: 0.55%
    • National Average: 0.57%
  • Statute of limitations for credit card debt in New Mexico [4]
    • New Mexico: 4 years
    • U.S. Average: 5.4 years

New Mexico Credit Scores


  • Credit Scores: NM vs. U.S.
    • New Mexico residents have an average credit score of 683. [3]
    • The average credit score for New Mexico residents is 2% less than the national average score of 696.
    • NM ranks 42nd in the nation in average credit score. [3]

New Mexico Demographics

Income Breakdown in New Mexico

The state of New Mexico has a median household income is $48,548. Approximately 20 percent of households in NM have incomes below the poverty level. [5]



Household Income: New Mexico vs. U.S.

The median household income in the state of New Mexico is approximately 17 percent less than the median income for the United States in its entirety.

For the nation as a whole, the median household income is $58,283, versus the New Mexico median household income of $48,548. [5]


Age Breakdown in New Mexico

In New Mexico, just under 72 percent of state residents meet the minimum age requirement to own a credit card in their own name without a co-signer. [5] [6]



Additional information about New Mexico

About New Mexico

The state of New Mexico has a population of approximately 2,059,179, ranking 36th in the nation. [5]

NM Credit Cards

More about New Mexico Credit Cards

For more information about New Mexico credit cards, or for additional resources regarding credit cards overall, visit Consumer Financial Protection Bureau.

Did you know?

Alaska residents had the highest average credit card debt in the nation in 2013, at $6,910 per cardholder.

New Mexico Cities

New Mexico ZIP Codes


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References

1. ^ The Washington Post

2. ^ TransUnion

3. ^ Equifax

4. ^ New Mexico State Legislature

5. ^ United States Census Bureau

6. ^ U.S. Federal Reserve