Here is a list of an analysis done by MensHealth.com found via the Las Vegas Review Journal regarding what cities owe the most money and what cities do not. The weighted methodology ranked foreclosure rates, housing costs, bankruptcy filings, credit scores and levels of credit debt and credit sage.
Here is the link to the MensHealth.com debt map.
Here is the the overall rankings for personal debt -
Cities with the Highest Personal Debt
1. Las Vegas
2. Aurora, Colo.
3. Atlanta
4. Sacramento, Calif.
5. Detroit
6. Jacksonville, Fla.
7. Riverside, Calif.
8. Denver
9. Modesto, Calif.
10. Phoenix
Cities with the Lowest Personal Debt
1. Billings, Mont.
2. Sioux Falls, S.D.
3. Madison, Wis.
4. Honolulu
5. Fargo, N.D.
6. Lincoln, Neb.
7. Charleston, W.Va.
8. Bangor, Maine
9. Yonkers, N.Y.
10. Wichita, Kan.
Here is the info for the two New Jersey cities that made the list -
Jersey City
Overall Rank - 17
Foreclosure - 79
Housing Costs - 18
Bankruptcy - 63
Credit Score - 74
Credit Debt - 40
Credit Usage - 99
Newark
Overall Rank - 53
Foreclosure - 48
Housing Costs - 2
Bankruptcy - 54
Credit Score - 74
Credit Debt - 40
Credit Usage - 99
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