2. “How Life Insurance Can Protect Your Family’s Future”

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FICO Score Trends in Major U.S. Cities

Overview of FICO Score Increases

Credit scores have been on the rise across the United States over the past five years. According to a comprehensive review of anonymized and aggregated Experian data, the national average FICO® Score has increased from 703 in 2019 to 715 in 2024. This upward trend is evident in every state and metropolitan area, with no declines observed in any of the more than 400 metro areas analyzed.

Cities with Significant FICO Score Increases

Metro Areas with 20+ Point Increases

Several metro areas have seen remarkable increases in their average FICO® Scores, with some cities experiencing jumps of 20 points or more since 2019. Here are a few notable examples:

• Augusta, GA: 661 to 690 (+29)
• Brownsville, TX: 647 to 668 (+21)
• Pocatello, ID: 697 to 718 (+21)
• Boise, ID: 712 to 732 (+20)
• Charleston, SC: 687 to 707 (+20)

These mid-sized metros, particularly in Southern states, are attracting new residents seeking affordable housing, which may be contributing to the significant score increases.

FICO Score Jumps in Large Cities

While no large metro areas saw increases of 20 points or more, several surpassed the national average increase of 13 points. Notable large metros with significant FICO® Score improvements include:

• Riverside, CA: 683 to 701 (+18)
• Virginia Beach, VA: 688 to 706 (+18)
• Phoenix, AZ: 695 to 712 (+17)
• Nashville, TN: 701 to 718 (+17)
• San Diego, CA: 712 to 728 (+16)

These increases suggest that in-migration and economic factors are positively impacting credit scores in these areas.

Cities with the Highest Average FICO Scores in 2024

Certain cities have excelled in maintaining high average FICO® Scores, often due to factors like steady employment and strong financial management. The top cities for average FICO® Scores in 2024 include:

• Boulder, CO: 743 to 754 (+11)
• Madison, WI: 740 to 751 (+11)
• Appleton, WI: 737 to 748 (+11)
• San Jose, CA: 737 to 747 (+10)
• Rochester, MN: 740 to 747 (+7)

These cities often feature strong educational institutions and stable employment opportunities, contributing to their high credit scores.

Conclusion

The upward trend in FICO® Scores across the nation is a positive sign of improving financial health. Whether you’re looking to buy a home or simply want to understand your credit better, O1ne Mortgage is here to help. For any mortgage service needs, call us at 213-732-3074. Our team of experts is ready to assist you in navigating the mortgage landscape and achieving your financial goals.

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