Minnesota Financial Distress Profile
Composite distress data for 87 counties, updated quarterly from federal sources. Household debt, delinquency, foreclosure law, and county-level distress scores compared to national averages.
· Data from NY Fed, CFPB, BLS, US Courts, Q4 2025
Behind on your mortgage in Minnesota? See your options under Minnesota law →
Minnesota ranks #39 nationally for household financial distress. County Distress Index details are listed separately for its 87 counties. The national State Distress Index average is 50.0.
How Does Minnesota Compare to the National Average?
Minnesota is above the national average on 1 of 5 key household distress metrics. Credit card delinquency stands at 8.6% (below the 12.4% national rate), auto loan delinquency at 3.0%, and total debt per capita at $63,860.
Since 2019, credit card delinquency in Minnesota has risen 2.5pp and total household debt has grown 15.3%. Most metrics remain below the national baseline.
Key Statistics at a Glance
State Distress Index: Minnesota
Domain Breakdown
The national American Distress Index reads 44.6 (Typical). On average, its inputs sit higher than in 45% of their own quarterly histories since 2005. Minnesota's State Distress Index of 30.5 (Second-least distressed fifth) is computed from 4 equal-weighted domains covering delinquency, default and legal signals, labor, and the safety-net buffer.
Minnesota vs. National Average
Delinquency rates measure the share of loan accounts 30 or more days past due. Higher rates signal greater household financial stress. Debt and balance figures are per capita, adjusted for state population.
Download all states (CSV)Minnesota vs. National: 5 Key Metrics (Q4 2025)
Source: NY Fed Consumer Credit Panel / Equifax, Q4 2025.
Similar States by Distress Level
States ranked closest to Minnesota (#39) on the State Distress Index. Peer comparison reveals whether distress patterns are regional or structural.
Change Since 2019
Pre-pandemic 2019 values provide a baseline for how distress has evolved. Credit card and auto loan delinquency have risen sharply in most states since pandemic-era forbearance protections expired.
| Metric | 2019 | 2025 | Change | Nat'l 2025 |
|---|---|---|---|---|
| Credit Card Delinquency | 6.1% | 8.6% | +2.5pp | 12.4% |
| Auto Loan Delinquency | 2.3% | 3.0% | +0.8pp | 5.2% |
| Mortgage Delinquency | 0.56% | 0.63% | +0.1pp | 0.94% |
| Total Debt per Capita | $55,380 | $63,860 | +15.3% | $63,200 |
| CC Balance per Capita | $3,380 | $3,990 | +18.0% | $4,350 |
Minnesota Foreclosure Law Summary
Understanding your state's foreclosure process is critical if you fall behind on mortgage payments. Minnesota primarily uses non-judicial foreclosure.
Minnesota uses non-judicial foreclosure by advertisement (power of sale) as the primary method under Minn. Stat. § 580.01 et seq. Judicial foreclosure by action is available under Minn. Stat. § 581.01 et seq. but rarely used.
- Post-sale redemption: 6 months after the sheriff's sale for most residential properties. 12 months for…
State-Level Divergence
National averages mask wide variation across states. Minnesota's credit card delinquency of 8.6% falls below the national 12.4%, but other metrics tell a more nuanced story. The state's Distress Index reads 30.5 (Second-least distressed fifth). The Household Debt by State roundup tracks all 51 jurisdictions.
Distress by County
The County Distress Index scores every county in Minnesota on a 0-100 scale using five equal-weighted domains: delinquency, default and legal, debt burden, labor, and safety net and buffer. Minnesota's 87 counties average 36.8 — below the national county mean of 50.0.
Distress Fifth Distribution
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Most Distressed Counties
| County | Score | Distress Fifth | Top Driver |
|---|---|---|---|
| Mahnomen County | 62.5 | Second-most distressed fifth | Labor |
| Beltrami County | 54.2 | Middle fifth | Labor |
| Pine County | 54.2 | Middle fifth | Labor |
| Wadena County | 53.6 | Middle fifth | Labor |
| Isanti County | 51.5 | Middle fifth | Labor |
Mahnomen County ranks #874 most distressed nationally out of 3,144 counties.
Least Distressed Counties
| County | Score | Distress Fifth | Top Domain |
|---|---|---|---|
| Rock County | 16.2 | Least distressed fifth | Default & Legal |
| Stevens County | 17.5 | Least distressed fifth | Labor |
| Carver County | 19.5 | Least distressed fifth | Labor |
| Traverse County | 20.5 | Least distressed fifth | Safety Net & Buffer |
| Houston County | 23.0 | Least distressed fifth | Debt Burden (housing basis) |
The gap between Minnesota's most and least distressed counties is 46.3 points — Mahnomen County (62.5, Second-most distressed fifth) vs. Rock County (16.2, Least distressed fifth). That spread reveals two very different economic realities within the same state.
Explore all 87 Minnesota counties →CFPB Mortgage Complaints in Minnesota
The Consumer Financial Protection Bureau has received 4,946 mortgage complaints from Minnesota since 2012 — 86.2 per 100,000 residents, below the national rate of 129.3 per 100K. Minnesota ranks #32 of 51 jurisdictions for complaint density.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Complaints | 254 | 265 | 264 | 256 | 259 | 243 |
Source: CFPB Consumer Complaint Database. Filed a mortgage complaint? Search the complaint database.
Bankruptcy Filings: Minnesota
Bankruptcy filings reflect the downstream consequence of sustained financial distress — when households exhaust savings, fall behind on debt, and run out of alternatives. Minnesota's filing rate exceeds the national average.
Source: U.S. Courts, Administrative Office. Table F-2: Cases Commenced by Chapter. Per-capita rates use 2024 Census population estimates.
Credit Distress: Minnesota
The Philadelphia Fed Consumer Credit Explorer tracks credit health metrics from Equifax data. 7.8% of Minnesota residents have debt in collections — below the national rate of 13.9%. 10.5% have subprime credit scores (below 620), and 27.9% are credit-constrained.
Source: Philadelphia Fed Consumer Credit Explorer. Data from NY Fed Consumer Credit Panel / Equifax. 2025 Q1.
Economic Context: Minnesota
SNAP enrollment and unemployment rates provide upstream context for household debt distress. Higher food assistance enrollment signals that more families are struggling with basic expenses, while elevated unemployment directly reduces income available for debt service.
Sources: USDA Food and Nutrition Service, BLS Local Area Unemployment Statistics. Population: U.S. Census Bureau 2024 estimates.
Safety Net Strength: Minnesota
The Safety Net Index measures how much support infrastructure is available to households in financial distress — combining healthcare coverage, food assistance, emergency housing funds, and legal protections. Minnesota scores 38.9 out of 100 (Weak), ranking #38 of 51 jurisdictions.
Component Breakdown
Sources: Kaiser Family Foundation (Medicaid, 2024), USDA FNS (SNAP, 2025), U.S. Treasury HAF program status, state foreclosure statutes.
Frequently Asked Questions
What is the credit card delinquency rate in Minnesota?
The credit card delinquency rate in Minnesota is 8.6% as of Q4 2025, ranking #50 among all states and DC. The national average is 12.4%. This rate has risen from 6.1% in 2019.
How does Minnesota's household debt compare to the national average?
Minnesota residents carry $63,860 in total debt per capita, above the national average of $63,200. Debt per capita has grown 15.3% since 2019. Minnesota ranks #19 nationally for total household debt per capita.
What is the auto loan delinquency rate in Minnesota?
Auto loan delinquency in Minnesota stands at 3.0% as of Q4 2025, below the national rate of 5.2%. This ranks #45 nationally. The rate has risen from 2.3% in 2019.
What type of foreclosure process does Minnesota use?
Minnesota primarily uses non-judicial foreclosure. This allows lenders to foreclose without court proceedings, resulting in a faster process. See our full Minnesota foreclosure law guide for timelines, protections, and legal resources.
Is Minnesota above or below the national average for financial distress?
Minnesota scores 30.5 on the State Distress Index (Second-least distressed fifth), ranking #39 of 51 jurisdictions. That is 19.5 points below the national state average of 50.0. This composite score is built from 4 domains: delinquency, default and legal, labor, and safety net and buffer. Separately, the national American Distress Index reads 44.6 (Typical) for the country over time. On average, its inputs sit higher than in 45% of their own quarterly histories since 2005.
How many CFPB mortgage complaints have been filed in Minnesota?
The CFPB has received 4,946 mortgage complaints from Minnesota since 2012, a rate of 86.2 per 100,000 residents. This ranks #32 of 51 jurisdictions. The national average is 129.3 per 100K. Companies responded to 98.4% of Minnesota complaints within the required timeframe.
What is the bankruptcy filing rate in Minnesota?
Minnesota had 10,260 bankruptcy filings in the 12-month period ending Dec 2025, a rate of 178.8 per 100,000 residents — above the national rate of 169.1 per 100K. This ranks #20 of 51 jurisdictions. Chapter 7 filings account for 76.5% and Chapter 13 for 23%. Filings changed +24.7% year-over-year.
What percentage of people in Minnesota have debt in collections?
7.8% of individuals in Minnesota have debt in collections, below the national rate of 13.9%. This ranks #51 of 51 jurisdictions. Additionally, 10.5% of Minnesota residents have subprime credit scores (below 620), compared to 16.9% nationally. Data from the Philadelphia Fed Consumer Credit Explorer (NY Fed / Equifax).
What is the SNAP enrollment rate in Minnesota?
435,116 residents of Minnesota receive SNAP benefits, an enrollment rate of 7.5% — below the national rate of 11.2%. This ranks #41 of 51 jurisdictions. SNAP participation has changed -3.7% year-over-year. The pre-pandemic rate was 6.8%.
How strong is Minnesota's financial safety net?
Minnesota scores 38.9 out of 100 on the Safety Net Index, ranking #38 of 51 jurisdictions (Weak). The score combines Medicaid coverage (17.6% enrollment rate, expansion state), SNAP enrollment (7.5%), Homeowner Assistance Fund status (winding down), and foreclosure legal protections. The national average is 48.1.
Which Minnesota counties have the highest financial distress?
Mahnomen County is the most distressed county in Minnesota with a County Distress Index score of 62.5 (Second-most distressed fifth), ranking #874 nationally out of 3,144 counties. Beltrami County (54.2), Pine County (54.2), Wadena County (53.6) round out the top distressed counties. Rock County is the least distressed at 16.2 (Least distressed fifth). See all 87 counties at /counties/minnesota/.
How long can foreclosure take in Minnesota?
Minnesota uses non-judicial foreclosure, which allows lenders to foreclose without court proceedings. In Minnesota, the bank can foreclose in roughly 210–300 days from first missed payment to sale — though individual cases vary with cure periods, mediation, postponements, court backlogs, and bankruptcy filings. Homeowners have a right to cure: Borrower may reinstate (pay all arrears) at any time before the sheriff's sale. …. The homestead exemption is $450,000. Full details at /help/foreclosure/minnesota/.
Where does Minnesota rank for financial distress?
Minnesota scores 30.5 on the State Distress Index (Second-least distressed fifth), ranking #39 of 51 jurisdictions. 1 of 5 key metrics exceed national averages. The highest SDI domain is Labor. County Distress Index details are listed separately by county. The safety net ranks #38 (Weak).
Data Sources
NY Fed Consumer Credit Panel
State-level household debt and delinquency statistics from the Federal Reserve Bank of New York, based on Equifax credit bureau data. Updated quarterly.
American Distress Index
Composite index tracking U.S. household financial distress across five equal-weighted domains. National score as of the latest available quarter.
Minnesota Foreclosure Statutes
State foreclosure law data compiled from primary statutory sources and validated against legal databases. Last verified 2026-03-10.
CFPB Complaint Database
Mortgage complaints filed with the Consumer Financial Protection Bureau, 2012–present. Density calculated using 2024 Census population estimates.
USDA SNAP State Activity
Monthly SNAP participation by state from the USDA Food and Nutrition Service. Enrollment rates computed against 2024 Census population estimates.
U.S. Bankruptcy Courts
Annual bankruptcy filings by chapter and district from the Administrative Office of the U.S. Courts. Per-capita rates computed against 2024 Census population estimates.
Philadelphia Fed Consumer Credit Explorer
Quarterly credit health metrics (collections, subprime share, delinquency, credit-constrained rates) from Equifax via the NY Fed Consumer Credit Panel.
Safety Net Index
Composite score from KFF Medicaid enrollment (2024), USDA SNAP participation (2025), U.S. Treasury HAF program status, and state foreclosure legal protections.