Household debt for residents of one major region shows a slight decrease in the latest annual figures.
The average person in Illinois owed $54,100 in 2025, he says USAFacts.
According to USAFacts, this number represents the total amount owed by people with mortgage loans, student loans, credit cards and car loans. USAFacts shows that on a national level, 80% of the population is in debt.
This figure is $745 less than a year ago after adjusting for inflation. The data also shows that the average person in Illinois had $9,200 less debt than the average American in 2025.
To date, USAFacts estimates that home equity loans will account for approximately 67.5% of all home equity loans in Illinois in 2025.
Home loans, which are usually taken out to buy a home, are often the most expensive type of money that many families commit to for a very long time.” Higher home prices combined with longer repayment terms (usually five to 30 years) make a home equity loan more expensive than a total home loan.”
Looking at the debt-to-income ratio of Illinois residents by county, USAFacts says Kendall County had the highest debt-to-income ratio in the county at 5.31, indicating that for every $1 of income, most residents of Kendall County will have $5.31 in debt.
Meanwhile, Brown County residents owed an average of $0.26 for every $1 in income, the lowest of any county.
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