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    Here's The Average Amount Of Student Loan Debt In All 50 States

    There's a $30K-sized hole in many peoples' wallets and it's called student loan debt.

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    Nowadays, it feels as if more and more people have one glaring thing in common: student loan debt. And while federal student debt payments have been deferred through Sept. 30, 2021, the forbearance hasn't alleviated the anxiety of many federal borrowers who are wondering how they'll afford to start making payments again — or any anxiety at all for people with private loans.

    STARZ / Via giphy.com

    Because — you know — we're still in a pandemic and many people are struggling.

    With all that in mind, it's no wonder #CancelStudentDebt started trending after Democrats proposed a plan to wipe out $50K for every federal student loan borrower. So we got curious about the average amount of student debt borrowers have in each state and calculated those numbers using data from the office of Federal Student Aid.

    Remember, these numbers are averages, so it's totally possible that you (or someone you know) have a loan balance that's higher or lower than what you see here. It might be hard to really process the size of these debt balances, so we figured out how many months rent these balances could afford you (using Zillow data on the median monthly cost of rent for an apartment in each state).

    FYI, this data does not include private student loan balances.

    Here's the average amount of federal student loan debt in all 50 states and Washington, DC:

    1. Alabama's average student debt is $36,825, which is enough to cover about 37 months of rent in the state.

    Alabama city
    George Dodd / Getty Images

    • Total student loan balance: $22.6 billion

    • Total borrowers: 613,700

    • Median monthly rent: $989

    2. Alaska has an average student debt amount of $33,082. It works out to be worth 21 months of rent.

    Alaska city by the river
    Walter Bibikow / Getty Images

    • Total student loan balance: $2.2 billion

    • Total borrowers: 66,500

    • Median monthly rent: $1,529

    3. Arizona's average student debt amount is $35,046. That's about 25 months of rent.

    Arizona city
    Kingwu / Getty Images

    • Total student loan balance: $30 billion

    • Total borrowers: 856,000

    • Median monthly rent: $1,375

    4. Arkansas's average student debt is $33,112, which is enough to cover around 37 months of rent.

    University of Arkansas
    Blazenimages / Getty Images

    • Total student loan balance: $12.5 billion

    • Total borrowers: 377,500

    • Median monthly rent: $875

    5. California has an average student debt amount of $36,351, but it also has a higher median rent. This works out to be about 14 months' worth of rent in the state.

    Tower Bridge in Sacramento
    Lightvision, LLC / Getty Images

    • Total student loan balance: $140.1 billion

    • Total borrowers: 3,854,100

    • Median monthly rent: $2,542

    6. Colorado's average student debt is $36,609, which works out to be about 20 months of rent.

    Denver city
    Brad Mcginley Photography / Getty Images

    • Total student loan balance: $27.6 billion

    • Total borrowers: 753,900

    • Median monthly rent: $1,751

    7. Connecticut's average student debt amount is $34,677, which is enough to cover around 23 months' worth of rent.

    University of Connecticut campus
    Denistangneyjr / Getty Images

    • Total student loan balance: $16.6 billion

    • Total borrowers: 478,700

    • Median monthly rent: $1,474

    8. Delaware's average student debt is $37,221. It works out to be about 27 months of rent.

    University of Delaware campus
    Gregobagel / Getty Images

    • Total student loan balance: $4.5 billion

    • Total borrowers: 120,900

    • Median monthly rent: $1,373

    9. DC has an average student debt amount of $54,983, which is about 23 months of rent. The total debt balance and the average rent price are both quite high here.

    Georgetown University campus
    OlegAlbinsky / Getty Images

    • Total student loan balance: $6.4 billion

    • Total borrowers: 116,400

    • Median monthly rent: $2,358

    10. Florida's average student debt amount is $38,160. That works out to be about 23 months' worth of rent.

    Florida city by the water
    Sylvain Sonnet / Getty Images

    • Total student loan balance: $95.9 billion

    • Total borrowers: 2,513,100

    • Median monthly rent: $1,620

    11. Georgia has an average student debt amount of $41,256, which is equal to approximately 30 months of rent.

    Georgia street lined with Spanish moss trees
    Joe Daniel Price / Getty Images

    • Total student loan balance: $65.7 billion

    • Total borrowers: 1,592,500

    • Median monthly rent: $1,360

    12. Hawaii's average student debt is $35,803. That works out to be around 15 months of rent, since rent in the state is on the higher side.

    Hawaii city
    Westend61 / Getty Images

    • Total student loan balance: $4.3 billion

    • Total borrowers: 120,100

    • Median monthly rent: $2,333

    13. Idaho has an average student debt amount of $32,425. This is the equivalent of around 25 months of rent in the state.

    Boise
    4kodiak / Getty Images

    • Total student loan balance: $6.9 billion

    • Total borrowers: 212,800

    • Median monthly rent: $1,271

    14. Illinois has an average student debt of $37,460, which works out to be around 23 months' worth of rent.

    Northwestern University campus
    Fierceabin / Getty Images

    • Total student loan balance: $60 billion

    • Total borrowers: 1,601,700

    • Median monthly rent: $1,563

    15. Indiana's average student debt amount is $32,630. That's equivalent to about 31 months of rent.

    Dorm at Ball State University
    Lydiabilby / Getty Images

    • Total student loan balance: $29.1 billion

    • Total borrowers: 891,800

    • Median monthly rent: $1,031

    16. Iowa's average student debt is $30,381, which works out to be around 32 months' worth of rent.

    Des Moines
    Monte Goodyk / Getty Images

    • Total student loan balance: $13 billion

    • Total borrowers: 427,900

    • Median monthly rent: $941

    17. Kansas has an average student debt amount of $32,352. It's enough to cover around 34 months of rent in the state (literally, almost three years of rent money!!!).

    University of Kansas
    Bergmannd / Getty Images

    • Total student loan balance: $12.2 billion

    • Total borrowers: 377,100

    • Median monthly rent: $944

    18. Kentucky's average student debt is $32,622, which works out to be around 32 months' worth of rent.

    University of Kentucky
    Benedek / Getty Images

    • Total student loan balance: $19.1 billion

    • Total borrowers: 585,500

    • Median monthly rent: $1,000

    19. Louisiana has an average student debt of $34,164. This ends up being equivalent to about 30 months of rent.

    New Orleans street
    Win-initiative / Getty Images

    • Total student loan balance: $21.5 billion

    • Total borrowers: 629,300

    • Median monthly rent: $1,110

    20. Maine's average student debt amount is $32,543. It's about 22 months' worth of rent.

    University of Maine campus
    Denistangneyjr / Getty Images

    • Total student loan balance: $5.9 billion

    • Total borrowers: 181,300

    • Median monthly rent: $1,436

    21. Maryland has an average student debt amount of $42,592. This works out to be about 25 months of rent.

    Clocktower on Towson University campus
    Brycia James / Getty Images

    • Total student loan balance: $34.7 billion

    • Total borrowers: 814,700

    • Median monthly rent: $1,674

    22. Massachusetts has an average student debt of $34,075. That's the equivalent of around 15 months of rent in the state, since rent in the state is on the higher end.

    Harvard University
    Triggerphoto / Getty Images

    • Total student loan balance: $29.7 billion

    • Total borrowers: 871,600

    • Median monthly rent: $2,211

    23. Michigan's average student debt is $35,819, which is about 29 months' worth of rent.

    Wayne State University
    Barry Winiker / Getty Images

    • Total student loan balance: $49.9 billion

    • Total borrowers: 1,393,100

    • Median monthly rent: $1,196

    24. Minnesota's average student debt amount is $33,252. That's the equivalent of about 23 months of rent in the state.

    Minnesota city
    Joe Daniel Price / Getty Images

    • Total student loan balance: $25.9 billion

    • Total borrowers: 778,900

    • Median monthly rent: $1,409

    25. Mississippi has an average student debt of $36,508, which works out to be around 37 months of rent in the state (on average, the rent here is less than $1,000 per month).

    University of Mississippi
    Bspollard / Getty Images

    • Total student loan balance: $15.6 billion

    • Total borrowers: 427,300

    • Median monthly rent: $986

    26. Missouri has an average student debt amount of $35,260. It's about 37 months' worth of rent.

    St. Louis arch in Missouri
    Lightvision, Llc / Getty Images

    • Total student loan balance: $28.8 billion

    • Total borrowers: 816,800

    • Median monthly rent: $945

    27. Montana's average student debt is $32,626. That's about 26 months of rent.

    Montana city
    Feifei Cui-paoluzzo / Getty Images

    • Total student loan balance: $4 billion

    • Total borrowers: 122,600

    • Median monthly rent: $1,268

    28. Nebraska has an average student debt amount of $31,726. It's around 29 months of rent in the state.

    Nebraska city
    John Coletti / Getty Images

    • Total student loan balance: $7.7 billion

    • Total borrowers: 242,700

    • Median monthly rent: $1,062

    29. Nevada's average student debt amount is $33,573, which works out to be around 24 months' worth of rent.

    Nevada city
    Bert Kaufmann Photography / Getty Images

    • Total student loan balance: $11.2 billion

    • Total borrowers: 333,600

    • Median monthly rent: $1,380

    30. New Hampshire has an average student debt of $33,459. It's about 21 months of rent.

    Dartmouth College
    Jmoor17 / Getty Images

    • Total student loan balance: $6.2 billion

    • Total borrowers: 185,300

    • Median monthly rent: $1,591

    31. New Jersey's average student debt amount is $35,095, and the state has a high number of borrowers. The average debt works out to be around 19 months' worth of rent.

    New Jersey city
    Fotog / Getty Images

    • Total student loan balance: $40.5 billion

    • Total borrowers: 1,154,000

    • Median monthly rent: $1,837

    32. New Mexico has an average student debt amount of $33,632. That's equivalent to around 28 months of rent.

    University of New Mexico
    Raclro / Getty Images

    • Total student loan balance: $7.5 billion

    • Total borrowers: 223,000

    • Median monthly rent: $1,169

    33. New York has an average student debt amount of $37,639, which works out to be about 17 months of rent. The number of borrowers and the average rent are both on the high end here.

    Columbia University
    Zeiss4me / Getty Images

    • Total student loan balance: $90.3 billion

    • Total borrowers: 2,399,100

    • Median monthly rent: $2,221

    34. North Carolina's average student debt amount is $37,216. That's about 30 months' worth of rent in the state.

    Duke University
    Ryan Herron / Getty Images

    • Total student loan balance: $46.8 billion

    • Total borrowers: 1,257,500

    • Median monthly rent: $1,211

    35. North Dakota's average student debt is $28,402, which works out to be around 28 months of rent.

    Grand Forks, North Dakota
    Denistangneyjr / Getty Images

    • Total student loan balance: $2.4 billion

    • Total borrowers: 84,500

    • Median monthly rent: $1,006

    36. Ohio has an average student debt amount of $34,496. That's around 33 months' worth of rent in the state.

    Ohio city by the river
    Photo By Mike Kline (notkalvin) / Getty Images

    • Total student loan balance: $60.9 billion

    • Total borrowers: 1,765,400

    • Median monthly rent: $1,033

    37. Oklahoma's average student debt is $31,376. That's the equivalent of about 35 months of rent.

    University of Oklahoma
    John Elk Iii / Getty Images

    • Total student loan balance: $14.8 billion

    • Total borrowers: 471,700

    • Median monthly rent: $894

    38. Oregon's average student debt amount is $36,988, which works out to be about 23 months' worth of rent.

    Oregon State University
    Garysfrp / Getty Images

    • Total student loan balance: $19.7 billion

    • Total borrowers: 532,600

    • Median monthly rent: $1,559

    39. Pennsylvania has over a million borrowers and an average student debt amount of $35,205. It's the equivalent of around 27 months of rent in the state.

    University of Pennsylvania
    F11photo / Getty Images

    • Total student loan balance: $62.5 billion

    • Total borrowers: 1,775,300

    • Median monthly rent: $1,273

    40. Rhode Island's average student debt amount is $31,953. That's approximately 22 months of rent.

    Brown University
    Kickstand / Getty Images

    • Total student loan balance: $4.4 billion

    • Total borrowers: 137,700

    • Median monthly rent: $1,443

    41. South Carolina's average student debt is $38,063, which works out to be the equivalent of about 30 months' worth of rent.

    Clemson University
    Denistangneyjr / Getty Images

    • Total student loan balance: $26.8 billion

    • Total borrowers: 704,100

    • Median monthly rent: $1,245

    42. South Dakota has an average student debt amount of $30,946. That's about 31 months of rent in the state.

    South Dakota State University
    Jessica Blocker / Getty Images

    • Total student loan balance: $3.5 billion

    • Total borrowers: 113,100

    • Median monthly rent: $968

    43. Tennessee has an average student debt amount of $36,035 that works out to be around 30 months of rent.

    Vanderbilt University
    Seanpavonephoto / Getty Images

    • Total student loan balance: $30.1 billion

    • Total borrowers: 835,300

    • Median monthly rent: $1,190

    44. Texas has an average student debt amount of $32,670. That ends up being the equivalent of 24 months' worth of rent.

    University of Texas campus
    Barry Winiker / Getty Images

    • Total student loan balance: $113.7 billion

    • Total borrowers: 3,480,200

    • Median monthly rent: $1,359

    45. Utah's average student loan debt is $32,150, which is enough to cover around 22 months of rent in the state.

    Utah city skyline
    Strickke / Getty Images

    • Total student loan balance: $9.6 billion

    • Total borrowers: 298,600

    • Median monthly rent: $1,441

    46. Vermont's average student loan debt amount is $37,284. That's about 22 months' worth of rent.

    University of Vermont
    Denistangneyjr / Getty Images

    • Total student loan balance: $2.8 billion

    • Total borrowers: 75,100

    • Median monthly rent: $1,668

    47. Virginia has an average student debt amount of $38,903. It's equivalent to about 24 months of rent.

    Historic Virginia town
    Blaine Harrington Iii / Getty Images

    • Total student loan balance: $41 billion

    • Total borrowers: 1,053,900

    • Median monthly rent: $1,606

    48. Washington's average student debt amount is $35,117, which is around 19 months of rent in the state.

    Washington State University
    Karenmassier / Getty Images

    • Total student loan balance: $27.1 billion

    • Total borrowers: 771,700

    • Median monthly rent: $1,825

    49. West Virginia's average student debt is $31,532. That works out to be around 36 months of rent in the state.

    West Virginia city with bridge
    Richard Nowitz / Getty Images

    • Total student loan balance: $7 billion

    • Total borrowers: 222,000

    • Median monthly rent: $866

    50. Wisconsin has an average student debt amount of $31,766, which is equivalent to around 28 months' worth of rent.

    University of Wisconsin campus
    Richard Hamilton Smith / Getty Images

    • Total student loan balance: $22.7 billion

    • Total borrowers: 714,600

    • Median monthly rent: $1,115

    51. Lastly, Wyoming's average student debt amount is $30,476. That works out to be around 27 months of rent.

    Wyoming city with river
    John Elk / Getty Images

    • Total student loan balance: $1.6 billion

    • Total borrowers: 52,500

    • Median monthly rent: $1,105

    So all of this kinda has me wondering... What would you be able to do with your money if you weren't paying off student loan debt? Share your thoughts in the comments!

    BTW, we also rounded up tips for paying off student loans (and a wealth of other personal finance posts!).

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