On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
53° Feels Like: 53°
Wind: SSW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 78°

Tonight

Scattered Thunderstorms 65°

Tomorrow

Scattered Thunderstorms 82°

Alerts

Here is one list where Detroit came out on top

by
A 'Detroit City Limits' border sign is seen as traffic enters a westside neighborhood in Detroit, Michigan July 22, 2013. Picture taken July
A 'Detroit City Limits' border sign is seen as traffic enters a westside neighborhood in Detroit, Michigan July 22, 2013. Picture taken July

DETROIT (WKZO) -- Detroit may owe billions, but Detroit residents may have the lowest average debt loads in America’s biggest cities.

That could be because housing is less expensive; fewer have college loans to pay off and because it’s tougher to get a loan there.

Experian did the comparison of the nation’s 20 largest metropolitan areas and found the average debt for a Motor City resident is about $23, 600, down over 7% from 2010. Detroit was the only city where the debt load has declined.

New York, Miami, Los Angeles and Boston round-out the top-5.

The survey also proves again that everything is bigger in Texas. Dallas residents had the biggest debt load at just over $28-thousand, closely followed by Houston.

 Chicago fell in the middle of the pack.

Comments