Study Reveals City in Florida With Highest Student Debt - Find Out the Amount

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WalletHub has released its list of cities with the most student loan debt in the country, revealing which spot in Florida carries the worst debt statewide.

To determine these results, researchers divided the median student-loan balance by the media earnings of adults aged 25 and older with a bachelor’s degree in over 2,500 cities across the United States.

According to the study, student loans make up the second-highest form of household debt after mortgages, totaling over $1.6 trillion. That’s approximately $38,000 per borrower.

“High balances combined with a payoff timeline that lasts into middle age force many graduates to significantly delay or forego other financial goals such as saving for retirement or buying a home,” the study reads. “Paying back student loans has also become even more difficult due to high inflation putting a strain on Americans’ finances.”

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After tallying up the figures, the Florida city with the worst ratio of student debt turned out to be Avon Park in Highlands County, which saw a median student debt of nearly $19,000.

When compared to the media earnings ($24,940), the ratio came out to over 76% — the fourth highest in the nation.

Coming in at No. 2 for the state was a city much closer to Central Florida: The Villages, where median debt was roughly 73% of median earnings for bachelor’s degree holders.

On the flip side, these five cities turned out to have the best student loan debt ratios in the state:

Niceville — 20.44%
Atlantic Beach — 20.62%
Homosassa — 22.46%
Orange Park — 22.58%
Orange City — 22.72%

Meanwhile, the 50 Florida cities with the worst student loan debts are as follows:

State Rank	City	Ratio*
1	Avon Park	76.03%
2	The Villages	73.28%
3	Palmetto	58.59%
4	Lady Lake	56.25%
5	Sunny Isles Beach	52.23%
6	Gainesville	51.00%
7	Kissimmee	50.93%
8	Sun City Center	50.70%
9	Okeechobee	50.22%
10	Mount Dora	48.70%
11	Aventura	48.15%
12	Inverness	47.36%
13	Daytona Beach	46.79%
14	Pinellas Park	46.46%
15	Doral	45.90%
16	Sebring	45.88%
17	Maitland	45.64%
18	Vero Beach	45.35%
19	New Smyrna Beach	45.32%
20	Oldsmar	44.86%
21	Tallahassee	44.42%
22	Palatka	44.34%
23	Pembroke Pines	44.33%
24	Dade City	44.17%
25	Bradenton	44.08%
26	Plantation	43.90%
27	Miami Lakes	43.73%
28	Miramar	43.72%
29	North Fort Myers	43.71%
30	Sunrise	43.32%
31	North Miami Beach	42.77%
32	Sebastian	42.68%
33	Leesburg	42.64%
34	Palm Bay	42.62%
35	Casselberry	42.43%
36	Zephyrhills	42.29%
37	Clermont	42.17%
38	Fort Pierce	42.12%
39	Longwood	41.72%
40	Hudson	41.61%
41	New Port Richey	41.54%
42	Ruskin	41.41%
43	Palm Harbor	41.24%
44	Holiday	41.21%
45	Deerfield Beach	41.19%
46	Davie	41.13%
47	Sarasota	40.91%
48	Bonita Springs	40.75%
49	Winter Springs	40.72%
50	Lake Worth Beach	40.72%
51	Port Orange	40.41%
52	Stuart	40.39%
53	Margate	40.36%
54	Port Charlotte	40.18%
55	Altamonte Springs	40.14%
56	Milton	39.93%
57	Dunnellon	39.57%
58	Melbourne	39.56%
59	Lake Placid	39.56%
60	Titusville	39.39%
61	St. Cloud	39.33%
62	Royal Palm Beach	39.31%
63	Panama City	39.06%
64	Ocala	39.04%
65	Crawfordville	38.87%
66	Spring Hill	38.84%
67	Coconut Creek	38.78%
68	Port St. Lucie	38.71%
69	North Lauderdale	38.53%
70	Lakeland	38.50%
71	Lauderdale Lakes	38.46%
72	Apopka	38.37%
73	St. Petersburg	38.30%
74	Tamarac	38.26%
75	Oviedo	38.03%
76	Brandon	37.91%
77	Hallandale Beach	37.91%
78	Homestead	37.86%
79	Brooksville	37.46%
80	Ocoee	37.43%
81	Palm Coast	37.22%
82	Key West	37.08%
83	Sanford	37.06%
84	Palm Beach Gardens	36.69%
85	Orlando	36.61%
86	Winter Haven	36.58%
87	Cutler Bay	36.50%
88	Boynton Beach	36.25%
89	Oakland Park	36.18%
90	Lauderhill	36.10%
91	Cape Coral	35.89%
92	Largo	35.80%
93	Palmetto Bay	35.78%
94	Hollywood	35.72%
95	Bartow	35.71%
96	Weston	35.66%
97	Coral Springs	35.58%
98	Temple Terrace	35.56%
99	Ormond Beach	35.49%
100	Riviera Beach	35.42%