Finally, it’s important to note that while many different types of credit scores exist, the most popular ones all use the standard 300 to 850 credit-score range. credit score can tell us a great deal about the health of consumers and the economy more broadly.
And the more time you have, the more opportunity there is to recover from mistakes.
But it’s still interesting to see how the average credit score changes by income level.
For those interested in going beyond credit-score averages, the following breakdown of where different groups of people fall on the standard 300-to-850 credit-score scale will give you a better understanding of just how much consumers’ financial experiences can vary.
Reviewing these credit score statistics will give you a better sense of how good your credit score is relative to those of your peers.
Below, you can learn more about the average credit scores by year, state, age and more.
And scores decline by age group all the way to the youngest cohort, which has the lowest average credit score.