As the cost of living continues to rise, effective budgeting has become more important than ever. To shed light on where Americans are managing their finances well and where there’s room for growth, WalletHub has released its report on the States With the Best and Worst Budgeters in 2025.
In the study, WalletHub evaluated all 50 states across 12 key indicators of budgeting habits, including average credit scores, debt-to-income ratios and foreclosure rates.
South Dakota ranked 13th overall and did the best when it came to controlling spending and budgeting where the state ranked 6th.
| States With Best Budgeters | States With Worst Budgeters | |||
| 1. Hawaii | 41. Texas | |||
| 2. Washington | 42. South Carolina | |||
| 3. Massachusetts | 43. Tennessee | |||
| 4. Wisconsin | 44. Nevada | |||
| 5. Minnesota | 45. Arkansas | |||
| 6. Vermont | 46. Georgia | |||
| 7. North Dakota | 47. Alabama | |||
| 8. New Hampshire | 48. Oklahoma | |||
| 9. Rhode Island | 49. Louisiana | |||
| 10. Colorado | 50. Mississippi | |||
To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/states-with-the-best-worst-budgeters/138069