What is the average credit score in 2023?

The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Law’s editorial disclosure for more information.

FICO and VantageScore are the most popular credit score models used in the industry, and both use scores ranging from 300 to 850. The average American credit score has been on the rise since the 2008 recession, when the average credit score took a sharp drop due to defaulting loans.

When looking at how your credit score compares to the average American’s, there are many factors to consider. Credit reports are updated on a monthly basis, so the averages fluctuate from month to month. Additionally, lenders do not use national averages to determine what a good score is, but rather a range of credit scores.

Key takeaways:

• The average FICO credit score is 714 as of Q3 2022.
• Minnesota has the highest average credit score at 742.
• Mississippi has the lowest average credit score at 680.

Credit score distribution in America

Americans’ FICO credit score range shows that over half of Americans (67 percent) have a credit score between 670 and 850. These scores are considered good, very good and excellent. The 33 percent of Americans with a score under 670 may have difficulty being approved for loans and can expect to pay more with higher interest rates on credit cards and loans.

Credit score range	Percentage of Americans
800-850	21%
740-799	25%
670-739	21%
580-669	17%
300-579	16%