Missouri, also known as the “Mother of the West,” is ranked as the 12th state with the least debt. The data gathered for this list was shared by Investor Monkey on Yahoo Finance using household debt and government debt per capita.
Second on the list is Michigan, affectionately called the “Wolverine State” or the “Great Lakes State.” This state is known for its great fishing spots, thanks to the longest freshwater coastline in the U.S.
Nicknamed the “Hoosier State” because Gov. Joseph Wright started calling flatboatmen transporting corn to New Orleans “Hoosa” which, according to him meant corn in India.
Known as the “Sunflower State”, Kansas is known for its rolling Great Plains and, of course, the classic children’s book “The Wizard of Oz.”
Next on the list is Iowa, also known as the “Hawkeye State.” This Midwestern state is famous for its never-ending fields of corn and farms. The state has a total debt of $52,688 that is helped by the state’s commitment to end debt.
The Pelican State, also known as Louisiana, is a melting pot of fascinating cultures and is home to cities like New Orleans and Baton Rouge. The state is known for its Creole and Cajun cultures and the popular Mardi Gras festival.
Kentucky is all about horses, bourbon, blue jeans and low debt. Currently, this landlocked state has a total debt per capita of $52,302. The state offers plenty of affordable housing in big cities and out in the rural farmlands, and it has a lot of that Southern charm.
Famous for being the birthplace of the Wright Brothers, this Buckeye State is also known for its low debt per capita, which is currently $52,232. For many, Ohio is a great state to live in as it has an 8% lower cost of living compared to the national average.
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