Average Credit Card Debt in Massachusetts: $6,853
The reported average credit card balance for Massachusetts consumers is $6,853 — right at the national average of $6,730. Median household income runs $99,858, which is 28% higher than the national median of $77,719.
Massachusetts vs National Averages
A state average credit card balance is a population statistic, not the balance of a typical household or a measure of personal affordability. Use your own balance, APR, required minimum, and monthly income to evaluate a plan.
Massachusetts household debt is elevated across most consumer categories; student loan balances run among the highest in the country.
A valid debt-to-income ratio (DTI) cannot be calculated by dividing a state-average balance by annual median income. Household DTI uses monthly debt payments divided by gross monthly income.
Minimum-payment timelines depend on the issuer formula, dollar floor, APR, fees, and whether the required payment declines with the balance. The scenarios on this page use fixed payments and disclosed assumptions; they do not represent every issuer's policy.
How long to pay off $6,853 at 22% APR
| Approach | Monthly payment | Months | Total interest |
|---|---|---|---|
| Minimum payment onlyMost of each payment goes to interest; principal moves slowly | $137 | 137 | $11,924 |
| Pay off in 36 monthsSustainable for most households at moderate APRs | $262 | 36 | $2,579 |
| Pay off in 12 monthsAggressive — requires significant monthly cash flow | $641 | 12 | $839 |
Massachusetts cities with their own calculator
- Boston, MA debt payoff calculator →
- Worcester, MA debt payoff calculator →
- Springfield (MA), MA debt payoff calculator →
- Cambridge, MA debt payoff calculator →
- Lowell, MA debt payoff calculator →
- Brockton, MA debt payoff calculator →
- Quincy, MA debt payoff calculator →
- Lynn, MA debt payoff calculator →
- New Bedford, MA debt payoff calculator →
- Fall River, MA debt payoff calculator →
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Frequently asked questions
What is the average credit card debt in Massachusetts?
The reported average credit card balance for Massachusetts is $6,853. This is state-level context; it does not describe every household or include other debt categories.
How does Massachusetts compare to the national average for credit card debt?
Massachusetts's $6,853 average sits right at the national average of $6,730. Population averages cannot determine an individual household's ability to pay.
What monthly payment clears the average Massachusetts card balance in three years?
About $262 a month retires a $6,853 balance in 36 months at a typical 22% APR, with roughly $2,579 of total interest. Paying it off in 12 months takes about $641 a month instead.
Why do minimum payments barely move a $6,853 balance?
Issuers use different minimum-payment formulas and may apply a dollar floor. When the required minimum declines with the balance, principal can fall slowly. A fixed payment above the required minimum usually shortens the timeline, but the result depends on the APR, issuer formula, fees, and future charges.
Is snowball or avalanche better for paying off debt in Massachusetts?
Neither method wins universally: snowball clears the smallest balance first for early momentum, while avalanche targets the highest APR to minimize interest. For a single card near the Massachusetts average of $6,853, the two orders converge, and the choice matters more when several balances at different APRs are in play.
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Data: Experian State of Credit Cards Q3 2024 (avg credit card debt); U.S. Census Bureau ACS 2023 1-Year Estimates (median household income). Refreshed 2026-05-26.. Snapshot 2026-05-26. Re-baselined quarterly.