An on-line financial company has released a study evaluating which counties in the country have the lowest per capita personal loan debt — and a couple of Iowa counties are cited. ‘Read more’ for details and Clinton County rankings plus a link to the statistics.
SmartAsset ranks the residents of Wright County, Iowa, as having the fourth smallest personal debt load of an county in the country. According to the analysis, residents in the Wright County area spend, on average, about 41 percent of their income on a mortgage, another eight percent on credit card debt and seven-and-a-half percent of their income on a vehicle loan.
Clay County ranks second in the state — and 14th nationally — for lowest per capita personal debt load. O’Brien, Des Moines, Allamakee, Buena Vista, Henry, Kossuth, Jackson and Floyd Counties were all ranked in the top 10 — in Iowa — for low personal debt.
Here is a clickable map from SmartAsset showing the data for the state.
