Credit Score by Age

Average Credit Scores based on Income, Age group, and Country

The average credit score can change based on income, age, and location. These factors do not affect your credit health. Good credit habits are best for your credit.


  • Credit scores are not based on income, age, or the state where you reside.
  • There’s a connection between credit scores and age, gender, as well as the amount of money that you make.
  • Older people have a higher average credit score than younger ones. With increasing income, the average credit score tends to increase.

In accordance with the most common credit standards, 711 is considered a “good” credit rating. No matter their age, credit scores can be outstanding. However, not all states, income levels, or age groups possess the same credit score.

Average Credit Score based on Age

FICO takes into account your age in making credit scores. But it’s not what you imagine. The average length of credit history is important, not how many times you’ve been to the sun.

Your good credit score doesn’t get affected by age. You may score higher than younger people; however, you’ll have a lower credit score is more likely for someone who is older.

The credit scores typically improve as you age, but they do not increase with an average age. In the year 2019, the national median credit score stood at 703. The credit score average for people between the ages of 20 and 59 was 662.

The credit score of those 60 and over was 749. See “Credit Score Ranges: What is an Outstanding Credit Score?” Bad Credit Score or excellent credit score? These numbers will help you to understand them better.

Why is there an upward trend for credit scores if age is not considered?

Credit scores are built over time. The lowest average credit score is given to those who are younger because they are more likely to pay back their debts earlier and have a lower credit history.

Take a look at how age influences the five factors that make the FICO score and their weighting on FICO’s score model.

35% Payment History

Older credit accounts receive more payments. If they make timely payments, this can improve their score. If you are older, it is possible to have a long history with your account.

The amount of credit we receive can be affected by our Credit Utilization Ratio Income, 30%

If your credit utilization ratio (that is, the amount of credit you use) is lower, your credit score will be better.

15% Credit History Length

Your average account age is calculated if your oldest accounts remain open.

10% Credit Mix

Credit scorers like to see your ability to responsibly handle different types of debt. As you age, you’ll have more options for opening other types of accounts. An 18-year-old might only have a credit card debt account, while 40 might have a personal or car loan.

10% Recent inquiries or newly opened accounts

A complex search won’t affect your credit score for one year. Hard questions that could affect your credit score may not be expected if you’re older and have all your accounts set up.

These factors will help you improve your credit score if you make regular payments on your debts. Another reason credit fico scores rise with age is financial responsibility.

As they age, people become more responsible and mature. As you age, you have more time to correct credit mistakes. Negative credit items won’t affect your credit score for seven years as long as you have good credit.

Credit scoring models are based on the information about your credit reports to determine to calculate your credit scores.

Average Credit Score in each State

FICO data from April 2019, which showed that the U.S. average FICO score was 706, revealed that credit scores in 31 states and Washington, D.C. were higher than the national average. According to the same data, the highest average credit scores were found in New England and the Midwest.

A WalletHub analysis showed that 667 was the average score for the South. This was the average credit score of Mississippians, who have one of the lowest credit scores.

According to WalletHub, higher credit scores vary by state. Factors such as income, demographics, and poverty levels can impact a person’s ability to build credit.


Based on income, the average has lower credit scores.

While your income is not considered in credit score calculations, the WalletHub analysis found that credit scores were higher for people with higher incomes.

A Federal Reserve study from 2018 confirmed this finding. It found that income levels could have a moderate relationship with credit scores.

High credit scores correlate with income levels that fall in the middle or upper-middle classes. Experian 2018 data shows that 38% of people with perfect average FICO credit scores of 85 earned an average annual income of $75,000, according to Experian 2018. In the same year, the median income in America was $64,324.

Credit scores are not affected by income, age, or whereabouts. The two appear to be inextricably linked. Why is this? One possible reason is that lower payments can lead to lower debt repayments.

However, higher incomes might result in more substantial payments. It will depend on the amount of debt and personal expenses. A $100,000 salary may be more than enough to pay $15,000 in credit card debt, but a $30,000 one might not.

Credit Utilization Ratio

Another critical factor is the credit utilization ratio. Credit card issuers might consider your income when determining your credit limit. Your chances of being approved by a credit card issuer for a higher credit limit are higher if you have a higher income.

It can be easier to keep your credit utilization under 30% if you have a high credit limit. This could negatively impact your credit score.

However, it is essential to remember that while there is a correlation between credit score and income, you don’t need to be wealthy to have a high credit score.

Financial responsibility is essential. If you are responsible with your money, you will have a better chance of building and maintaining excellent credit.


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