Top 25 cities with highest auto-debt ratios
This week, personal finance website WalletHub released the first quarter installment of its Auto Financing Report, pinpointing the top 25 cities where consumers hold the highest amounts of auto-finance debt when analyzed against their income.
The vast majority of the cities on that list of 25 — 14 locations to be exact — can be found in Texas.
Topping the analysis from WalletHub was the Lone Star State’s Rio Grande City, which is located along the Mexican border about 120 miles west of the Gulf of Mexico.
After Texas, the other states with cities on this top 25 list included Georgia (3), Arizona (2), Florida (2), Louisiana (2), New Mexico (1) and North Carolina (1).
Here is the list with other metrics gathered by WalletHub and shared in this report:
Location | Median Auto Debt | Income | Debt-to-Income Ratio |
Rio Grande City, Texas | $23,457 | $27,419 | 86% |
Willis, Texas | $20,814 | $25,570 | 81% |
Livingston, Texas | $22,660 | $31,007 | 73% |
Alice, Texas | $24,859 | $34,056 | 73% |
Bastrop, La. | $15,666 | $21,583 | 73% |
Donna, Texas | $18,805 | $26,558 | 71% |
San Juan, Texas | $21,976 | $31,681 | 69% |
Leesville, La. | $21,374 | $31,341 | 68% |
Uvalde, Texas | $20,341 | $30,423 | 67% |
Alamo, Texas | $21,922 | $32,810 | 67% |
Raeford, N.C. | $20,660 | $31,063 | 67% |
Mercedes, Texas | $18,067 | $27,351 | 66% |
Pharr, Texas | $20,909 | $32,456 | 64% |
Douglas, Ga. | $20,678 | $32,270 | 64% |
San Luis, Ariz. | $19,262 | $30,106 | 64% |
Brownsville, Texas | $19,449 | $30,409 | 64% |
Tolleson, Ariz. | $20,109 | $31,738 | 63% |
Deming, N.M. | $17,919 | $28,328 | 63% |
Weslaco, Texas | $21,731 | $34,556 | 63% |
Big Spring, Texas | $23,636 | $37,636 | 63% |
San Benito, Texas | $19,046 | $30,530 | 62% |
Lake Placid, Fla. | $16,554 | $26,563 | 62% |
Cordele, Ga. | $17,755 | $28,687 | 62% |
Palatka, Fla. | $17,863 | $29,066 | 61% |
Dahlonega, Ga. | $16,708 | $27,266 | 61% |