West Virginia residents carry the least personal debt in the United States, according to a new global financial stress study by Compare the Market. The average personal debt in the state is $36,270 — nearly 62% lower than the national average of $58,725.

The findings highlight a significant gap in debt levels across the country. While some states, like Colorado, have average personal debts nearing $91,000, West Virginia remains well below that figure.

Experts say that lower debt levels may reflect different economic behaviors, housing costs, and lifestyle factors. However, the study does not suggest whether lower debt corresponds with better overall financial health, as income and cost of living vary widely by region.

National Context

Nationwide, the U.S. ranks as the second least financially stressed country globally, trailing only Belgium. This ranking is based on factors including income, rent, housing prices, and unemployment.

Key national figures include:

  • Average Personal Debt: $58,725
  • Average Annual Salary: $80,115
  • Average Monthly Rent: $5,500 (highest globally)
  • Cost of Living: $3,135/month
  • Unemployment Rate: 4%

While the U.S. has the highest rent costs in the world, its high average salary and relatively low unemployment rate contributed to its low overall stress ranking.

To view the full global rankings, visit HERE.