D.C. Swimming in Debt

Household bills in DC are Highest in the Country

By Eun Yang
|  Monday, Nov 15, 2010  |  Updated 11:15 PM EDT
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D.C. Swimming in Debt

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Sure, the D.C. area is home to some of the richest counties in the country -- Loudoun County, Va., is the wealthiest in the nation -- but Washington, D.C., itself is swimming in debt.

According the the Washington Business Journal, D.C. ranks high when it comes to costly household bills. Credit reporting company Experian found that Washington, Seattle and Baltimore top the list of highest average monthly bills. That includes a combination of credit card bills, car loans and mortgages.

D.C. ranked highest with an average monthly payment on credit reported accounts of $1,285. That's 42 percent higher than the national average.

Baltimore has an average monthly payment of $1,333. The national average is $903, down 2 percent in the past three years.

Cleveland, Tampa and Pittsburgh have the lowest monthly consumer credit payments.

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