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Oregon became the 33rd state in the United States on February 14, 1859 and has since evolved into one of the most bustling states in the Union.
The Beaver State is the ninth largest state by area, and its population of 4 million ranks it as the 27th most populous state. The major cities in Oregon include the capital Salem, Portland, and Eugene.
The northwestern state of Oregon is famous for its beautiful and diverse natural geography, featuring volcanoes, dense evergreen forests, and even deserts. The state’s highest point is the breathtaking Mount Hood, which is featured in the above picture.
Blessed with natural resources, Oregon’s economy is mainly driven by agriculture, fishing, and hydroelectric power. Additionally, the Beaver State is the top timber producer on the continental mainland of the United States.
The Oregon economy is not entirely dependent on their natural resources, though; in fact, it is quite the opposite. Oregon’s Silicon Forest, which is located in the Portland area, is home to tech giants like Tektronix, Intel, Hewlett-Packard, Xerox, and Epson.
Last but not least, Beaverton, Oregon is the headquarters of the biggest sportswear company in the world, Nike. Bringing in an annual revenue of $30.6 billion, Nike is the state’s largest public corporation and proudly supports the University of Oregon Ducks by giving them new and flashy Nike equipment for seemingly every game.
With such a diverse economy, LendEDU wanted to analyze Oregon’s financial health a bit further by looking into the average credit score of each town and city in the state.
Using Experian’s Premier Aggregated Credit StatisticsSM, we have ranked every town and city in Oregon based on their average VantageScore 3.0®1credit score; only places with a population above 1,000 were evaluated.
>> Read More: What is a good credit score?
Average credit score provides as good an economic indicator as any. Cities with a high average credit score usually experience high incomes, low unemployment, and a low number of defaults on mortgages and loans.
Complete Rankings of Oregon Cities By Credit Score
All data used in this study is under license 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 3.0 credit score of each city in Oregon.
Some of the larger cities in Oregon contained multiple ZIPTM2 codes, and thus multiple average credit scores. In order to consolidate all of a city’s average credit scores into one average credit score, the ZIP codes had to be aggregated. Once that happened, the average credit score of each ZIP CodeTMwas weighted according to its respective population. For example, the largest ZIP Code in Portland was given the most weight when averaging the multiple average credit scores of that city. Once multiple entries for one city were consolidated into one average credit score, we could go ahead and rank the cities in Oregon.
LendEDU was able to gather the average credit score for every city in Oregon. However, only cities with a population of 1,000 or greater were further analyzed. Experian’s Premier Aggregated Credit Statistics dataset had the average VantageScore 3.0 credit score for each Oregon city as a stand alone statistic. 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