Average Credit Scores based on Income, Age, and Country

Based on income, age, and location, the average credit score can change. These factors do not affect your credit score. Good credit habits are best for your credit.


  • A credit score does not depend on income, age, and state.
  • There is a correlation between credit scores and age, gender, and how much money you earn.
  • Older people have a higher average credit score than younger ones. With increasing income, the average credit score tends to increase.

According to most lending standards, 711 was considered a “good” credit score. No matter their age, credit scores can be outstanding. But not all income levels, states, or age groups have the same average credit score.

Average Credit Score by Age

FICO considers your age when calculating credit scores. However, it is not the way you think. It’s the average length of credit history that is important, not how many times you’ve been to the sun. 

Your credit score is not affected by your age. You can have high scores for someone younger and low scores for someone older.

Credit scores tend to increase with age, however. In 2019, the national average credit score was 703. The average credit score for those aged between 20 and 59 was 662. 

The credit score of those 60 and over was 749. See “Credit Score Ranges: What is an Outstanding Credit Score?” Bad Credit Score or Good Credit Score? These numbers will help you to understand them better.

If age is not considered, why is there an upward trend for credit scores? Credit scores are built over time. A lower credit score will be given to younger people because they are more likely to repay their debts early and have a shorter credit history. 

Consider how age influences the five variables that make up a FICO score and their relative weighting in FICO’s scoring model.

  • 35% Payment History: Older accounts receive more payments. If they make timely payments, this can improve their score. If you are older, it is possible to have a long history with your account.
  • The amount of credit we receive can be affected by our Credit Utilization Ratio Income, 30%. If your credit utilization ratio (that is, the amount of credit you use) is lower, your credit score will be better.
  • 15% Credit History Length Your average account age is calculated if your oldest accounts remain open.
  • 10% Credit Mix: Credit scorers like to see your ability to handle different types of debt responsibly. As you age, you’ll have more options for opening other types of accounts. An 18-year-old might only have a credit card account, while someone 40 might have a personal or car loan.
  • 10% Recent inquiries or newly opened accounts A complex search won’t affect your credit score for one year. Hard inquiries that could affect your credit score may not be expected if you’re older and have all your accounts set up.

These factors will help you improve your credit score if you make regular payments on your debts. Another reason credit scores rise with age is financial responsibility. 

As they age, people become more responsible and mature. As you age, you have more time for correcting credit mistakes. Negative credit items won’t affect your credit score for seven years as long as you have good credit.

Average Credit Score in each State

FICO data from April 2019, which showed that the average U.S. FICO score was 706, revealed that credit scores in 31 states and Washington, D.C. were higher than the national average. The highest credit scores were found in New England and the Midwest, according to the same data.

A WalletHub analysis showed that 667 was the average credit score for the South. This was the average credit score of Mississippians, who have one of the lowest credit scores.

According to WalletHub, credit scores vary by state. Factors such as income, demographics, and poverty levels can impact a person’s ability to build credit.

Based on income, the average credit score.

While your income is not considered in credit score calculations, the WalletHub analysis found that credit scores were higher for people with higher incomes. 

A Federal Reserve study from 2018 confirmed this finding. It found that income levels could have a moderate relationship to credit scores. 

High credit scores are correlated with income levels that fall in the middle or upper-middle classes. Experian 2018 data shows that 38% of people with perfect FICO credit scores 85 earned an average annual income of $75,000, according to Experian 2018. In the same year, the median income in America was $64,324

Credit scores are not affected by income, age, or whereabouts. The two appear to be inextricably linked. Why is this? One possible reason is that lower incomes can lead to lower debt repayments.

However, higher incomes might result in more substantial payments. It will depend on the amount of debt and personal expenses. A $100,000 salary may be more than enough to pay $15,000 in credit card debt, but a $30,000 one might not.

Another critical factor is the credit utilization ratio. Credit card issuers might consider your income when determining your credit limit. Your chances of being approved for a higher credit limit are higher if you have a higher income. 

It can be easier to keep your credit utilization under 30% if you have a high credit limit. This could negatively impact your credit score.

However, it is essential to remember that while there is a correlation between credit score and income, you don’t need to be wealthy to have a high credit score. 

Financial responsibility is essential. If you are responsible with your money, you will have a better chance of building and maintaining excellent credit.