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This Florida city has the worst credit card debt in the country. Here’s why

Miami ranks No. 1 in US

Image of generic credit cards (Canva)

In total, Americans have over $1.2 trillion in credit card debt as of Sept. 30, and that figure is only expected to grow as the holidays come around.

WalletHub released a study on Friday examining exactly which cities in the country had the least sustainable credit card debt.

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Of all the cities on the list, Miami ranked No. 1, with an estimated payoff time of nearly 111 months — over nine years on average.

Source: WalletHub

Some of the reasons for that huge timeline are the city’s high median credit card debt ($3,106) and relatively low median earnings for workers ($38,823), researchers explain.

“While Miami is known for its decadent nightlife and is a popular spring break destination, its residents should probably cut out any excesses in an effort to budget more money toward credit card payments,” the study reads.

Several other Florida cities ranked near the top of the list, including Port St. Lucie (No. 4), Cape Coral (No. 5) and Tallahassee (No. 10).

The top 20 cities for the least sustainable credit card debt were as follows:

RankCityMedian Credit
Card Debt
Cost to Pay OffPayoff Time
(Income Adjusted)
1Miami, FL$3,106$3,886110 months, 30 days
2El Paso, TX$3,097$3,455100 months, 24 days
3Birmingham, AL$2,970$3,05694 months, 4 days
4Port St. Lucie, FL$3,235$3,29193 months, 7 days
5Cape Coral, FL$3,271$3,17089 months, 14 days
6Brownsville, TX$2,401$2,19585 months, 4 days
7Reno, NV$3,506$3,18984 months, 23 days
8North Las Vegas, NV$3,061$2,78084 months, 20 days
9San Antonio, TX$3,102$2,81184 months, 14 days
10Tallahassee, FL$3,058$2,77184 months, 14 days
11Dallas, TX$3,366$3,04684 months, 11 days
12Hialeah, FL$2,372$2,10182 months, 25 days
13Knoxville, TN$2,877$2,50081 months, 14 days
14New Orleans, LA$3,484$3,02081 months, 9 days
15Gulfport, MS$2,692$2,31580 months, 23 days
16Springfield, MO$2,595$2,21180 months, 3 days
17Nashville, TN$3,450$2,91879 months, 18 days
18Corpus Christi, TX$3,043$2,53578 months, 17 days
19Pembroke Pines, FL$3,463$2,86878 months, 5 days
20Ontario, CA$3,033$2,50778 months, 1 day

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