Household debt levels for residents of one major state show a modest decline in the latest annual figures.
The average person in Illinois owed $54,100 in debt in 2025, says USAFacts.
According to USAFacts, the figure represents the total amount owed by individuals with a credit score for obligations such as mortgages, student loans, credit cards and auto loans. USAFacts highlights that on a national level, 80% of individuals have a credit score.
This figure is $745 less than the previous year after adjusting for inflation. Data also shows that the average person in Illinois owed $9,200 less in debt than the average American in 2025.
Zooming in, USAFacts says mortgage debt accounted for about 67.5% of all household debt in Illinois in 2025.
“Mortgages, typically loans taken to purchase homes, are often the largest and longest-term financial commitments for many households. The high cost of housing combined with extended repayment periods (usually five to 30 years) contributes to mortgage debt’s outsized share of overall household debt.”
Looking at the debt-to-income ratio of Illinois residents by county, USAFacts says that Kendall County had the highest debt-to-income ratio in the state of 5.31, indicating that for every $1 of income earned, the average resident in Kendall County would have $5.31 in debt.
Meanwhile, Brown County residents had around $0.26 in debt for every $1 of income, the lowest of any county in the state.
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