Upgraded Points Data Study Reveals Best U.S. Cities for Boosting Credit Scores


Austin, Texas, September 20, 2022 /PRNewswire/ — Upgraded Points recently shared the results of its latest in-depth data study of 60 American cities, ranking them from best to worst in terms of credit impact. The ability to pay off debt is a key factor in determining creditworthiness, so the sooner debt can be reduced the better. But minimum wage, per capita income and cost of living are just some of the important factors that determine how quickly Americans can deleverage — and location matters. Upgraded Points is an established travel company that regularly offers similar studies of seasonal and special interest to both its customers and general travelers.

“There’s a whole range of benefits to having good credit,” he said Alex Mueller, Founder of Upgraded Points. “Lower interest rates on car loans and mortgages, better insurance coverage, the best credit cards, and even rental housing can all depend on a good review. Fixing a bad or even average review can be tricky though, so a little knowledge goes a long way. And that’s why we’ve compiled a list of the best cities to hire, spend your money and ultimately reduce your debt – and help your credit in the process.”

analysis methodology

The study started with 60 of the largest cities in The United States and then ranked them based on eight different factors: interest rates, number of financial advisors per capita, cost of living index, average credit card debt, unemployment rate, median credit rating, minimum wage, and per capita personal income. Each factor was assigned a rated weight based on its importance in increasing creditworthiness. This data was converted into a score from 0 to 5, with 5 being the most favorable. The scores were then multiplied by the weight of their factors, adding up to a possible total score of 50.

Best US Cities to Boost Credit

The State of New York has three cities in the top 10 rankings, but surprisingly NYC was not among them. Rochester Third place with an overall score of 36.38 and an extremely low unemployment rate of 2.3%. The capital of new York, Albania, is in fourth place with an overall score of 33.29. and Albania is the only small town to make the top 10 ranking with a city size of 99,224.

Syracuse is the third city in The State of New York to finish in the top 10 with an overall score of 30.8. All three cities have an average cost of living index of 70.29, meaning it’s 30% cheaper to live in one of these cities than the national average. This allows employees to pay off their debts much faster.

The top two cities in the credit improvement study are on opposite sides of the country. number two is San Jose, Californiawith an overall score of 36.38.

Worst US Cities to Improve Credit

Nobody wants their city to be on the “worst” list, but the data is clear. With one of the lowest minimum wages in the country ($7.25/hour) and extremely high unemployment rates, Texas has the dubious distinction of having the top three worst cities for credit improvement. In fact, half of the ten worst cities are in Germany Texas. Ranking number two and number three respectively El Passo and Dallas, respectively. While Atlanta, Oklahoma Cityand New Orleans are all in the top ten.

To see the full results from all 60 cities along with multiple city-by-city breakdowns, full risk factors, score weights and more, please visit the full study HERE.

About Upgraded Points LLC

headquarters in Austin, Texas, Upgraded Points is a travel company that offers insider strategies to maximize travel points and rewards. Launched in 2016 by Alex Mueller, Upgraded Points uses focused research efforts and in-depth studies to provide travelers and those planning to travel with a true understanding of how to maximize their points and miles. Learn more at: www.UpgradedPoints.com.

Media contact:

Alex Muellerfounder
214-646-8866
[email protected]

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