As of 2023, the average FICO® Score in the United States is 717, indicating that many Americans have good credit
Credit scores in the U.S. range from 300 to 850, with higher scores reflecting better creditworthiness.
Credit scores are categorized as follows:
– Poor: 300–579
– Fair: 580–669
– Good: 670–739
– Very Good: 740–799
– Exceptional: 800–850
A score of 717 falls within the "Good" range, suggesting that the average American has a relatively healthy credit profile.
t's important to note that average credit scores can vary by state. For instance, Minnesota boasts the highest average score at 742, while Mississippi has the lowest at 680.
Maintaining a good credit score is crucial, as it can influence your ability to secure loans, obtain favorable interest rates, and even affect rental applications.
To improve or maintain your credit score, focus on timely bill payments, keeping credit utilization low, and monitoring your credit report for inaccuracies.