4. San Antonio, Texas
San Antonio, Texas is the 24th largest metro area in the entire U.S. with a population of about 2.2 million people. The city itself is home to about 1.4 million residents. According to another batch of Lending Tree data reported on by Culture Map San Antonio, from 2010 to 2015 the city saw a huge migration of Millennials to the area, which constituted over a 14 percent spike in the number of Millennials living there.
Of the Millennials in that large metropolitan area, about 61.6 percent of them have some kind of car debt, and the numbers are quite high, land the city on Lending Tree’s list in the number four spot.
The median auto loan debt for Millennials in San Antonio, Texas is $20,521. The metro area’s Millennials’ loans equate to an average auto loan debt of $25,745, which is quite high, but still $1,265 less than the next city on this list, El Paso.
Culture Map San Antonio also reported that the city has more Millennial debt including everything but mortgage debt than anywhere else in the nation. Of the total Millennial Debt in the San Antonio metro area, auto loans accounted for 43.2 percent, student loans made up 30.2 percent, personal loans came in at 9.4 percent, and “other” at 2.4 percent.