Although it is not one of the four official geographic regions in the United States, the Southeast has a distinct culture and is important to the well-being of the entire country.
The Southeast U.S. is made up of 12 states: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
The most populous states in the region are Florida, Georgia, and North Carolina. Additionally, the most populated cities are Jacksonville, Charlotte, Washington D.C., Memphis, Nashville, Baltimore, and Louisville.
When it comes to the economy, tourism plays a huge role in the financial health of the Southeast region. Among the most popular tourism destinations include the beaches of Florida and the Gulf Coast and the city of New Orleans.
The Southeastern U.S. features very strong service, manufacturing, technology, and financial economic sectors. Some of the biggest companies in the Southeast include Mercedes-Benz, Toyota, BMW, GM, Verso Paper, and FedEx.
LendEDU sought to discover which towns and cities in the Southeast have been the most financially healthy as of late. In order to do this, we have used data from Experian’s Premier Aggregated Credit StatisticsSM dataset that includes the average credit score for every Southeastern community.
Average credit scores can be a good indicator of economic stability for a few reasons. Cities with a high average credit score have commonly experienced rising incomes, falling unemployment, and a decreasing number of defaults on loans and mortgages.
>> Read More: What is a good credit score?
Our study analyzed over 6,500 towns and cities in the U.S. Our final list includes the 250 cities in the region that posted the highest average credit scores.
Which Southeastern state had the most cities in LendEDU’s top 250 overall?
- Florida – 78
- Virginia – 47
- North Carolina – 37
- Georgia – 22
- Tennessee – 17
- South Carolina – 15
- Kentucky – 13
- Alabama – 8
- Louisiana & Arkansas – 5
- Mississippi – 2
- West Virginia – 1
Which Southeastern state had the best average rank based on their cities that made the top 250?
- West Virginia – 58
- Virginia – 93.4
- Mississippi – 106.5
- North Carolina – 115.9
- Arkansas – 124.6
- Tennessee – 130.2
- Kentucky – 133.5
- Florida – 136.1
- Georgia – 142.4
- Alabama – 142.9
- South Carolina – 145.6
- Louisiana – 155.8
Which Southeastern state had the best average credit score based on their cities that made the top 250?
- West Virginia – 731.7
- Virginia – 726.1
- Mississippi – 720.3
- Arkansas – 720.2
- North Carolina – 718.1
- Tennessee – 715.8
- Kentucky – 714.4
- Florida – 712.8
- Georgia – 711.1
- Alabama – 710.5
- South Carolina – 709.9
- Louisiana – 705.5
Southeast Cities and Their Credit Scores – Map
Complete Rankings of the 250 Southeastern Cities with the Highest Average Credit Scores
All data used in this study is under license from Experian and Onboard Informatics. Onboard Informatics’ dataset was utilized for the most recent population figures and location purposes. Experian’s Premier Aggregated Credit Statistics dataset was used to find the average VantageScore 3.0®1 credit score for every single town and city in the Southeast U.S. To begin, over 6,500 Southeastern towns and cities and their average credit scores were made available for analysis. A population cutoff was established at 15,000; any town or city with a population below 15,000 was eliminated from further analysis.
Some of the larger cities in the Southeast, like Jacksonville, had multiple ZIPTM2codes, and thus, multiple average credit scores. To aggregate all of a city’s average credit scores into one average, we had to weight each average credit score according to the population of that ZIP CodeTM. ZIP codes in a given city with a greater population were given more weight when averaging together a city’s multiple average credit scores and vice versa. Once this happened for all cities containing multiple ZIP codes, we were able to move forward with the rankings.
Every city in the Southeast U.S. was given an average VantageScore 3.0 credit score. The greater the average credit score, the higher a city was placed in the rankings and vice versa. The 250 Southeastern cities featured in the map and table were the 250 cities in the region that posted the highest average credit scores.
1. VantageScore® is a registered trademark of VantageScore Solutions, LLC.
2. Experian is a nonexclusive full-service provider licensee of the United States Postal Service®. The following trademarks are owned by the United States Postal Service®: ZIP and ZIP Code. The price for Experian’s services is not established, controlled or approved by the United States Postal Service.