Methodology: https://wallethub.com/edu/states-with-the-most-people-in-fin...
This Equifax article lists CA has having a better average credit score than Texas. I did't bother to sort the Equifax to list to see how closely to correlates to the article, though.
https://www.equifax.com/personal/education/credit/score/arti...
A minimum wage worker living paycheck to paycheck but making minimums on a large credit card balance will have a better score than a retiree who's long since paid off his house and car and pays cash for entertainment and playthings.
Cash flow underwriting would paint this picture better [3], but is still not widely performed outside of an org containing the deposit account (internal underwriting for credit products that don't have to conform for asset backed security sales). So, credit score is a reasonable proxy at this time for household financial health (imho) [4] [5] based on research performed by the CFPB.
[1] https://www.cbsnews.com/news/cost-of-living-income-quality-o...
[3] https://fintechtakes.com/articles/2024-05-22/cash-flow-under...
[4] https://www.consumerfinance.gov/about-us/blog/new-report-exp...
[5] https://files.consumerfinance.gov/f/documents/cfpb_credit-ka...
(day job is in finance/consumer credit)
Minnesota 730
New Hampshire 727
Wisconsin 727
Vermont 726
Massachusetts 723
South Dakota 722
Washington 722
Colorado 720
Maine 720
Montana 720
North Dakota 720
Nebraska 720
Hawaii 719
Iowa 719
Utah 719
Idaho 718
Connecticut 717
New Jersey 717
Oregon 717
New York 713
Pennsylvania 713
Rhode Island 713
Wyoming 713
California 712
Illinois 712
Kansas 712
Virginia 712
Michigan 710
Alaska 709
Maryland 706
Ohio 706
Delaware 705
Missouri 705
Dist. of Col. 704
Indiana 704
Arizona 703
North Carolina 699
Florida 698
Tennessee 697
Kentucky 695
New Mexico 695
Puerto Rico 695
West Virginia 693
South Carolina 692
Nevada 691
Arkansas 688
Oklahoma 687
Georgia 686
Texas 686
Alabama 685
Louisiana 680
Mississippi 675