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Washington became an official possession of the United States as a part of the Oregon Territory acquired in 1848. It became known as the Washington territory five years later, and The Evergreen State reached statehood by 1889.
Since becoming a fully-fledged member of the Union, Washington state has been home to a number of well-known developments. One of the most notable includes the violent eruption of Mt. St. Helens in 1980, and a more recent occurrence involved the damaging World Trade Organization protests in 1999.
Economically speaking, the government reported that Washington state ranked twelfth in the United States in terms of per capita personal income which was pegged at $53,493.
In terms of workforce, Washington state is dominated by workers in transportation services, education and health services, and interestingly, government personnel. Out of nearly 4 million workers, about 4.5 percent of them are unemployed.
It is easy to see that Washington is like any other state when it comes to work and labor, but how do its residents handle their own debt and finances? Here at LendEDU, we asked that question with the intention of finding out the answer.
Using data from Experian’s Premier Aggregated Credit Statistics (PACS), we were able to take an isolated look at the finances of Washington state’s towns and cities on an individual basis. In doing so, we were able to rank the towns and cities by their respective credit scores.
>> Read More: What is a good credit score?
By analyzing credit scores, we were able to measure a town’s financial health over another. If you are curious, scroll through the table and map below to get a better idea of how Washington state stacks up against itself.
Top 150 Cities Ranked by Credit Score
All figures and rankings derive from two separate datasets: Onboard Informatics city-level data and Experian’s Premier Aggregated Credit Statistics (PACS). The population numbers (used during processing), city names, county name, and state were taken from Onboard’s data. VantageScore®1 3.0 (or just credit score) was pulled from Experian. Zip™2 codes were present in both Experian’s and Onboard’s data.
During the data processing step, location info and corresponding credit scores were matched by their respective ZIP™ codes. Towns with multiple ZIP™ codes were assigned only one credit score, so multiple credit scores from these ZIP™ codes were averaged together and weighted by their respective populations.
After each town was matched with a credit score, a population cutoff of 5,000 was used to eliminate low population areas. Starting with around 450 towns and cities, the final list includes only 150 locations ranked by VantageScore® 3.0 in Washington state.
See more of LendEDU’s Research
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.
Author: Andrew Rombach