A good credit score can open the door to better financial opportunities and there are several ways to increase that score, including on-time payments on credit accounts as well as keeping credit utilization low.
People in some places are improving those credit scores more quickly than others, according to a new study from WalletHub.
Researchers analyzed consumers’ finances for Q1 2024 versus Q1 2023 to determine cities with the largest credit score increases – and Miami notably made it into the top 10.
Miami secured the 8th top spot out of 100 cities examined. The average score was 648 in Q1 2024, up 5.37% from Q1 2023.
| Overall Rank* | City | Average Credit Score in Q1 2024 | Average Credit Score Q1 2024 vs. Q1 2023 |
|---|---|---|---|
| 1 | Scottsdale, AZ | 681 | 9.49% |
| 2 | Washington, DC | 660 | 8.20% |
| 3 | Des Moines, IA | 628 | 8.09% |
| 4 | St. Louis, MO | 630 | 7.88% |
| 5 | Detroit, MI | 557 | 6.50% |
| 6 | San … |