Named for the various awe-inspiring mountain chains that run through the area, the Mountain States consists of six states located in the western half of the U.S. in the Rocky Mountain region.
The six states in the region are Colorado, Idaho, Montana, Nevada, Utah, and Wyoming. This region got its name for the Rocky Mountains, which run through every state listed above besides Nevada. Many smaller mountain ranges run through the state of Nevada.
Major cities in the Mountain States include Denver, Las Vegas, Colorado Springs, Boise, Salt Lake City, Billings, and Cheyenne.
Many of the economies of the Mountain States are centered around agriculture, but each state has found unique niches as well. Agriculture, telecommunications, and the federal government are the major economic sectors of Colorado. Idaho is the main producer of potatoes in the country and also features a very prominent science and technology industry.
In Montana, ranching is a significant economic sector. But, there is also a lucrative industry that involves oil, gas, and mining. Blessed with natural resources, Wyoming is driven by the mineral-extraction industry, but also features a very prominent travel and tourism economic sector.
In addition to Colorado, Utah has become a major tourist destination for outdoor enthusiasts. As of late, the state of Utah has become extremely popular for businesses looking to relocate to more friendly environments. Finally, Nevada features a healthy mining sector, but has found great profits on tourism and entertainment.
With such a far reaching economy, LendEDU wanted to see how individual cities and towns in the Mountain States were doing in terms of economic health. In order to do this, we licensed Experian’s Premier Aggregated Credit StatisticsSM to find the average credit score of every town and city in the region.
Average credit score can be a sound economic indicator since cities with a high average credit score have usually experienced rising incomes, falling unemployment, and a decreasing number of defaults on loans and mortgages.
After evaluating over 2,000 towns and cities in the Mountain States, LendEDU has recognized the 250 cities in that region that recorded the highest average credit scores. Additionally, each state is ranked against each other in several different ways shown below.
>> Read More: What is a good credit score?
Which Mountain state had the most cities in LendEDU’s top 250 overall?
- Colorado – 87
- Utah – 59
- Montana – 43
- Idaho – 36
- Wyoming – 18
- Nevada – 7
Which Mountain state had the best average rank based on their cities that made the top 250?
- Colorado – 93.8
- Nevada – 122.9
- Utah – 126.9
- Montana – 145.6
- Wyoming – 147.3
- Idaho – 165.3
Which Mountain state had the best average credit score based on their cities that made the top 250?
- Colorado – 725
- Utah – 716.1
- Nevada – 715.9
- Montana – 711.4
- Wyoming – 711.1
- Idaho – 706.6
Rocky Mountain Cities and Their Credit Scores – Map
Complete Rankings of the 250 Cities That Have the Best Average Credit Scores in the Mountain States
All data used in this study has been licensed by LendEDU from Onboard Informatics and Experian. Onboard Informatics’ dataset was used for the most recent population figures and location purposes. Experian’s Premier Aggregated Credit Statistics dataset was used to find the average VantageScore®1 3.0 credit score for every single town and city in the Mountain States. Over 2,000 cities and towns in the Mountain States were evaluated based on their average credit scores. A population cutoff was set at 3,000; any town or city with a population below 3,000 was taken out of consideration.
For some of the larger cities in the Mountain States, like Las Vegas, multiple ZIPTM2 codes were used, and thus, multiple average credit scores were listed. 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 could rank every city featured in the analysis.
Every city in the Mountain States 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 Mountain State cities featured in this report 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.