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This is for two main reasons.

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Second, Gen Zers are relatively new to the workforce, meaning they arent likely earning the highest salaries.

Of course, lifestyle can also play a big role in terms of credit card balances.

Also, read about the debt myths no one should believe.

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Oxnard, California

Oxnard is a seaside city of 200,000 residents between Los Angeles and Santa Barbara.

The annual cost of living, according toSperlings BestPlaces, is over 38% above the national average.

Low incomes in the city might be a factor, as the median household income is about $53,000.

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