On average, people pay the highest monthly car payments in Texas, Wyoming, Louisiana, and New Mexico — each state’s average is above $700. States with the lowest average payments include Massachusetts, Michigan, and Rhode Island, which all have numbers under $575.
Here’s a look at average monthly auto loan payments by state — from the highest to lowest — based on data from Experian:
- Texas – $777
- New Mexico – $728
- Louisiana – $726
- Wyoming – $723
- Arkansas – $699
- Nevada – $695
- Mississippi – $694
- Oklahoma – $690
- California – $687
- North Dakota – $687
- Arizona – $682
- Alaska – $679
- Alabama – $674
- Florida – $672
- West Virginia – $671
- Georgia – $697
- Missouri – $620
- Nebraska – $624
- New Jersey – $621
- South Dakota – $631
- Kansas – $640
- North Carolina – $639
- South Carolina – $639
- Virginia – $638
- Idaho – $638
- Illinois – $637
- Montana – $637
- Colorado – $657
- Hawaii – $658
- Tennessee – $657
- Maryland – $655
- Washington – $652
- Delaware – $618
- Iowa – $618
- Kentucky – $618
- New York – $616
- Utah – $612
- Indiana – $604
- Minnesota – $604
- Vermont – $595
- Maine – $594
- Wisconsin – $589
- Pennsylvania – $587
- Ohio – $585
- New Hampshire – $585
- Oregon – $583
- Connecticut – $580
- Massachusetts – $571
- Michigan – $562
- Rhode Island – $549
Regionally, people in the Great Lakes states and New England tend to have lower monthly car payments than those in the South or on the West Coast. Overall, Midwestern states tend to have lower averages than you’ll find on the coasts.
