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First in flight and first in freedom, the state of North Carolina has always been an integral part of the United States.
Despite only being the 28th largest state in the Union, North Carolina is the 9th most populous, a testament to its beautiful geography and strong economy.
The Tar Heel State is the third most populated state in the South Atlantic region, but it leads the region in industry and agriculture. Additionally, North Carolina is the leading producer of tobacco, textiles, and furniture in the entire U.S.
Since 2011, industries including science, technology, energy, and math (STEM) have grown by 17.9 percent in North Carolina. The city of Raleigh was ranked number five in terms of large metro areas in the U.S. that are experiencing a technology boom. Recently, North Carolina was rated as the second best state for businesses in the entire country, according to Forbes.
The most populous city in North Carolina, Charlotte, is the second largest banking center in the U.S. trailing only New York City.
With such a bustling economy, one would figure that many residents of North Carolina are living comfortably. Where there is industry, there are jobs, and where there are jobs, there are happy people spending their income on houses, cars, electronics, and whatever else tickles their fancy.
To figure out if the vibrant economy of North Carolina is trickling down to the pockets of the Tar Heel State’s residents, LendEDU has licensed data that reveals the average VantageScore 3.0®1 credit score of each and every town and city in North Carolina.
Using Experian’s Premier Aggregated Credit StatisticsSM dataset, LendEDU ranked each community in North Carolina according to its average credit score to find out which places in the state are the most fiscally healthy.
>> Read More: What is a good credit score?
Below, you will find an interactive map and table that feature the 250 North Carolina communities with the highest average credit scores. Nearly 700 towns and cities were analyzed for their average credit scores. Usually, a high credit score will indicate high incomes, low unemployment, and a low number of defaults on mortgages and loans.
Complete Rankings of North Carolina Cities By Credit Score
All data that was featured 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 StatisticsSM dataset was used to find the average VantageScore 3.0® credit score for each and every community in North Carolina.
An arbitrary population cutoff was set at 5,000; any towns or cities in North Carolina that had a population below 5,000 were eliminated from further analysis. Larger cities in North Carolina, like Charlotte, had multiple ZIPTM2codes and thus multiple average credit scores. To consolidate a large city’s ZIP codes into one statistic, ZIP codes were weighted according to population and averaged together. A ZIP CodeTM with a greater population was given more weight during the averaging.
After each city was down to one ZIP Code and one average VantageScore 3.0 credit score, LendEDU ranked the cities accordingly. Experian’s PACSSMdataset has the average VantageScore 3.0 credit score as a stand alone statistic. Towns and cities with a higher average credit score were ranked higher and vice versa.
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: Mike Brown