Two Nevada cities rank among the top 10 nationwide for rising auto loan debt, according to a new WalletHub report that compared debt levels in the 100 largest U.S. cities.
WalletHub ranked cities by how fast auto loan debt is growing, along with average balances and monthly payments.
How much is Nevada's auto debt?
Nevada’s average auto loan balances — ranging from $20,362 to $22,279 — are about 45% to 59% higher than the national average of $14,000, according to WalletHub.
Henderson came in at No. 5 overall, with an average auto loan balance of $22,279 and monthly payments of $524. North Las Vegas ranked No. 7, with an average balance of $21,236 and payments averaging $477 per month.
Reno ranked No. 17, with a balance of $20,362 and payments of $491, while Las Vegas landed at No. 52,