Credit Score Statistics: How to Interpret - and Boost - Your FICO Score

If you want to know how Americans are doing financially, take a look at their credit scores. Many are doing great. Many others have a rocky relationship with credit cards.

Your credit score plays an enormous role in your daily life. It can determine the interest rate you pay for credit cards, car loans, and mortgages. It can make the difference between moving your family into the house you love and having your mortgage application rejected.

Some potential employers even check applicants’ credit details to get a better picture of how responsible they are. Your credit score range can affect whether you’ll score your dream job or keep waiting tables.

With all this competition for credit, houses, and even jobs, it’s important to understand your own situation and how it compares to the average credit score.

Key Credit Score Statistics for 2025 - Editor’s Choice

• Nearly two thirds of Americans aged 18-24 do not know their credit scores.
• Citizens of Minnesota have the highest average credit scores.
• The average FICO score in 2024 was 717.
• 1.3% of Gen Zers have an excellent credit score.
• Just 13% of Americans had poor credit scores in 2024.

In 2024, 24.7% of Americans had a FICO score of 800 or above.

(Fico)

This data represents a record-high percentage of people who rate over 800, as the percentage of people with excellent credit scores continues to grow at a steady pace, increasing by 0.3% since 2023.

The credit bureaus market is worth $123.89 billion in 2025.

(The Business Research Company)

Credit bureaus are highly profitable and continue to expaand, with the market projected to grow at a 11.5% CAGR until 2030, reaching $191.22 billion.

Minnesota was the state with the highest average credit score in 2024, with an average score of 726.

(Business Insider)

New Hampshire had an average score of 723, while Vermont citizens followed closely in the third place with an average score of 722.

With an average credit score of 672, Mississippi had the lowest scores in 2024.

(Business Insider)

The second-worst average credit score ratings had the citizens of Louisiana, with an average of 677.

64% of Americans in 2024 had a prime Vantage score.

(Experian)

This accounts for those in the 661-850 score range.

The average FICO score in 2024 was 717 and the average Vantage score stood at 702.

(ValuePenguin)

These numbers are beneficial for American citizens since they open the door to an improved way of life. For instance, the minimum FICO score required to qualify for a conventional mortgage is 620, and with this credit score report you can see that lots of people are qualifying.

Only 58% of Americans aged 18-24 knew what their credit score was in 2024.

(Experian)

The youngest generation is not versed enough when it comes to their credit scores, especially when compared to the oldest citizens, as 82% of those aged 65 and older knew their credit scores, for example.

Just 1.3% of Gen Z Americans had excellent credit scores in 2024.

(Experian)

In contrast, Baby Boomers represent the majority here with 45% of citizens this age having excellent credit scores.

Only 13% of Americans had poor credit scores in 2024.

(Experian)

These are citizens in the 300-579 range. Additionally, 16% had fair credit scores (580-699).

The average credit score for non-prime borrowers in 2024 was 595.

(Fico)

This number shows that some 29.7% of population is feeling financial distress, as the average credit score here dropped lower than it was during the pandemic.

Payment history is the number one factor affecting credit scores.

(Fico)

35% of a credit score is affected by your payment history, followed by amounts owed at 30% and the length of credit history at 15%.