One of the four officially designated regions in the United States, the Northeast is crucial to the economic and cultural prosperity of the entire country.
The Northeast U.S. is the country’s most economically developed, densely populated, and culturally diverse region. It is also the second most urban region in the nation.
Known as the Northeast megalopolis, major cities are spread up and down the Northeastern seaboard and make the region a major economic hub. These cities are New York City, Philadelphia, Boston, Pittsburgh, Providence, Hartford, Baltimore, and Washington D.C.
As of recently, the Northeast accounts for nearly a quarter of the country’s gross domestic product. New York City is often considered the global financial center of the world, while Washington D.C. could be referred to as the political center of the world.
With so many major cities in the region, the Northeast has given residents ample employment opportunities in any field imaginable. Suburban communities have sprawled out around the major cities of the Northeast, a testament to the prosperity and financial stability of the region.
As we have done in the past for other regions, LendEDU wanted to see how Northeastern towns and cities were doing in terms of financial health. We have licensed Experian’s Premier Aggregated Credit StatisticsSM dataset to find the average credit score of every single town and city in the Northeast U.S.
Average credit score can be a telling economic indicator because cities with a high average score have often experienced rising incomes, falling unemployment, and a decreasing number of defaults on loans and mortgages.
After analyzing nearly 6,000 Northeastern towns and cities, our final list highlights the 250 cities in the Northeast that posted the highest average credit scores. Additionally, there are a couple of shorter lists recognizing states for their residents’ financial standing.
>> Read More: What is a good credit score?
Which Northeastern state had the most cities in LendEDU’s top 250?
- New Jersey – 60
- New York – 50
- Massachusetts – 47
- Pennsylvania – 42
- Connecticut – 23
- Maryland – 14
- New Hampshire – 7
- Delaware, Maine, & Vermont – 2
- Rhode Island – 1
Which Northeastern state had the best average credit score based on their cities that made the top 250?
- Maine – 760.3
- Massachusetts – 759.3
- Vermont – 758.3
- New Hampshire – 757.3
- New Jersey – 765.94
- New York – 756.93
- Delaware – 755.65
- Maryland – 755.63
- Pennsylvania – 755.60
- Rhode Island – 754.2
- Connecticut – 753.1
Which Northeastern state had the best average rank based on their cities that made the top 250?
- Maine – 66.5
- Vermont – 94
- Massachusetts – 97.9
- New Hampshire – 114.3
- New Jersey – 122.3
- New York – 123.2
- Delaware – 137
- Pennsylvania – 139
- Maryland – 142.4
- Rhode Island – 154
- Connecticut – 169.3
On this page:
- Credit Scores in the Northeast – Map
- Complete Rankings of the 250 Cities That Have the Best Average Credit Scores in the Northeast
Credit Scores in the Northeast – Map
Complete Rankings of the 250 Cities That Have the Best Average Credit Scores in the Northeast
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 Northeast United States. Nearly 6,000 towns and cities in the region were evaluated based on their average credit scores. A population cutoff was established at 7,500; any town or city with a population below that number was taken out of consideration.
Some of the larger cities in the Northeast, like Boston, 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 could rank every city featured in the analysis.
Every city in the Northeast 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 Northeastern cities featured in the 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.