Minnesota Financial Distress Profile
Household debt and delinquency, bankruptcy filings, unemployment, foreclosure law and county distress scores for Minnesota and its 87 counties, from federal sources, each shown beside the U.S. figure.
· Data from Federal Reserve Bank of New York, Consumer Financial Protection Bureau, U.S. Bureau of Labor Statistics, Administrative Office of the U.S. Courts, Q4 2025
Behind on your mortgage in Minnesota? See your options under Minnesota law →
Minnesota ranks #39 of 51 jurisdictions on the State Distress Index, in the second-least distressed fifth: its score of 24 means it is more distressed than 24% of the 50 states and D.C..
How Does Minnesota Compare With the U.S.?
Minnesota is above the U.S. figure on 1 of 5 household debt measures from the Federal Reserve Bank of New York for Q4 2025: total debt per adult with a credit file ($63,860). Credit card delinquency is 8.6%, 3.8 percentage points below the U.S. 12.4%; total debt per adult with a credit file is $63,860, $660 above the U.S. $63,200.
Credit card delinquency in Minnesota is up 2.5 percentage points from 6.1% in Q4 2019, and total debt per adult with a credit file is 15.3% higher than in Q4 2019.
Key Statistics at a Glance
State Distress Index: Minnesota
Movement since 2006
Since 2006, Minnesota has held at the 41st-most distressed jurisdiction, as of 2025 Q1. Its State Distress Index score was little changed, 18 then and 20 now.
Quarter-aligned back-series. Each quarter re-ranks all 51 jurisdictions on that quarter's own data, so a state's position here can sit several spots from the current reading above, which uses each input's latest value.
Domain Breakdown
The national American Distress Index reads 47.0 (Typical). The composite itself sits higher than 44% of all published quarters since 2005. Minnesota's State Distress Index of 24 (low state distress) is computed from 4 equal-weighted domains covering delinquency, default and legal signals, housing-basis debt burden, and labor.
Minnesota and the U.S.
Delinquency rates measure balances 90 or more days past due as a share of total balances in each loan category. Higher rates signal greater household financial stress. Debt and balance figures are per adult with a credit file, not per resident.
Download all states (CSV)Minnesota and the U.S.: 5 Household Debt Measures (Q4 2025)
Source: NY Fed Consumer Credit Panel / Equifax, Q4 2025.
Similar States by Distress Level
The states ranked closest to Minnesota (#39) on the State Distress Index, with the domain that scores highest in each.
Change Since 2019
Q4 2019, the last fourth quarter before the pandemic, is the baseline. Credit card delinquency is higher than in Q4 2019 in 51 of 51 jurisdictions, and auto loan delinquency is higher in 33.
| Metric | Q4 2019 | Q4 2025 | Change | U.S. Q4 2025 |
|---|---|---|---|---|
| Credit Card Delinquency | 6.1% | 8.6% | +2.5 percentage points | 12.4% |
| Auto Loan Delinquency | 2.3% | 3.0% | +0.7 percentage points | 5.2% |
| Mortgage Delinquency | 0.56% | 0.63% | +0.07 percentage points | 0.94% |
| Total Debt per Adult With a Credit File | $55,380 | $63,860 | +15.3% | $63,200 |
| Card Balance per Adult With a Credit File | $3,380 | $3,990 | +18% | $4,350 |
Minnesota Foreclosure Law Summary
If you fall behind on mortgage payments, the steps and deadlines depend on state law. Minnesota mainly uses non-judicial foreclosure, which a lender can carry out without going to court.
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.
- Paying to stop the foreclosure: Borrower may reinstate (pay all arrears) at any time before the sheriff's sale. After sale, the borrower can redeem during the redemption period by paying the sale price plus interest, unless the holder of the sheriff's certificate agrees in writing to accept less.
- Post-sale redemption: 6 months after the sheriff's sale for most residential properties. 12 months in cases the statute lists, including when the amount claimed due at the notice of sale is less than 66-2/3 percent of the original principal, when the property was over 40 acres when mortgaged, or (unless waived) when it was over 10 but not over 40 acres and in agricultural use. 5 weeks only if a court orders the period shortened because the residential property is abandoned. During the redemption period, the former owner may remain in possession of the property.
How Minnesota Sits Among the States
Minnesota's credit card delinquency rate is 8.6%, 3.8 percentage points below the U.S. 12.4%, and ranks #50 of 51. 1 of 5 NY Fed household debt measures are above the U.S. figure, and the State Distress Index reads 24 (low state distress). The Household Debt by State roundup covers 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 21.4: on average, Minnesota's counties are more distressed than 21% of U.S. counties. Across all 3,144 counties the average is 50.0, the middle of the scale.
Score Label Distribution
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Most Distressed Counties
| County | Score | Score Label | Top Driver |
|---|---|---|---|
| Mahnomen County | 62 | moderate-high county distress | Labor |
| Beltrami County | 55 | moderate county distress | Labor |
| Wadena County | 49 | moderate-low county distress | Labor |
| Pine County | 46 | moderate-low county distress | Labor |
| Ramsey County | 45 | moderate-low county distress | Debt Burden (housing basis) |
Least Distressed Counties
| County | Score | Score Label | Top Domain |
|---|---|---|---|
| Carver County | 2 | exceptionally low county distress | Default & Legal |
| Wabasha County | 4 | exceptionally low county distress | Labor |
| Rock County | 4 | exceptionally low county distress | Debt Burden (housing basis) |
| Douglas County | 4 | exceptionally low county distress | Labor |
| Kittson County | 5 | exceptionally low county distress | Labor |
The most distressed county in Minnesota is Mahnomen County (62, moderate-high county distress); the least distressed is Carver County (2, exceptionally low county distress).
Explore all 87 Minnesota counties →CFPB Mortgage Complaints in Minnesota
The Consumer Financial Protection Bureau has received 5,186 mortgage complaints from Minnesota since 2012, 90.4 per 100,000 residents, 44.6 below the U.S. rate of 135. Minnesota ranks #32 of 51 on complaints per resident.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Complaints | 254 | 265 | 264 | 256 | 259 | 244 |
Source: CFPB Consumer Complaint Database. Filed a mortgage complaint? Search the complaint database.
Bankruptcy Filings: Minnesota
The filing rate is bankruptcy cases filed in a year, from the Administrative Office of the U.S. Courts, per 100,000 residents. It does not identify household causes, motives, assets, income, or case outcomes. Minnesota's rate of 178.8 is 9.7 above the U.S. rate of 169.1.
Source: U.S. Courts, Administrative Office. Table F-2: Cases Commenced by Chapter. Per-capita rates use 2024 U.S. Census Bureau population estimates.
Credit Distress: Minnesota
The Federal Reserve Bank of Philadelphia's Consumer Credit Explorer reports credit health from NY Fed / Equifax credit records. 7.8% of people with a credit file in Minnesota have debt in collections, 6.1 percentage points below the U.S. average 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. Q1 2025. The U.S. average is weighted by state population (our calculation).
Economic Context: Minnesota
SNAP enrollment and unemployment give context for the debt figures above. The unemployment rate measures joblessness among people in the labor force. SNAP enrollment reflects each state's program rules and reach as well as need, which is why it is not part of the State Distress Index.
Sources: U.S. Department of Agriculture 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 38.5 out of 100 (Weak), ranking #33 of 51 jurisdictions.
Component Breakdown
Sources: Kaiser Family Foundation (Medicaid, 2024), USDA FNS (SNAP, June 2026), 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 the 51 states and DC, 3.8 percentage points below the U.S. 12.4%. It is up 2.5 percentage points from 6.1% in Q4 2019.
How does Minnesota's household debt compare with the U.S.?
The NY Fed reports a $63,860 total debt balance per adult with a credit file in Minnesota, $660 above the U.S. $63,200 on the same basis. That is 15.3% higher than in Q4 2019. Minnesota ranks #19 on that basis.
What is the auto loan delinquency rate in Minnesota?
Auto loan delinquency in Minnesota is 3.0% as of Q4 2025, 2.2 percentage points below the U.S. 5.2%. This ranks #45 of 51. The rate is up from 2.3% in Q4 2019.
What type of foreclosure process does Minnesota use?
Minnesota mainly uses non-judicial foreclosure, which a lender can carry out without going to court. See our Minnesota foreclosure guide for the timeline, homeowner protections and where to get free help.
What is Minnesota's State Distress Index score?
Minnesota scores 24 on the State Distress Index (low state distress), which means it is more distressed than 24% of the 50 states and D.C.. It ranks #39 of 51 jurisdictions, in the second-least distressed fifth. The score is built from 4 equal-weighted domains: delinquency, default and legal, debt burden on a housing basis, and labor. It ranks states against each other at one time. Separately, the national American Distress Index reads 47.0 (Typical) for the country over time. The composite itself sits higher than 44% of all published quarters since 2005.
How many CFPB mortgage complaints have been filed in Minnesota?
The CFPB has received 5,186 mortgage complaints from Minnesota since 2012, 90.4 per 100,000 residents, 44.6 below the U.S. rate of 135. That ranks #32 of 51. Companies responded to 98.3% of Minnesota complaints on time.
What is the bankruptcy filing rate in Minnesota?
Minnesota had 10,260 bankruptcy filings in the 12-month period ending Dec 2025, 178.8 per 100,000 residents, 9.7 above the U.S. rate of 169.1. This ranks #20 of 51. Chapter 7 filings account for 76.5% and Chapter 13 for 23%. That is 24.7% more filings than in 2024.
What percentage of people in Minnesota have debt in collections?
7.8% of people with a credit file in Minnesota have debt in collections, 6.1 percentage points below the U.S. average of 13.9%. This ranks #51 of 51. 10.5% have subprime credit scores (below 620), 6.4 percentage points below the U.S. average of 16.9%. Data from the Federal Reserve Bank of Philadelphia Consumer Credit Explorer (NY Fed / Equifax), Q1 2025.
What is the SNAP enrollment rate in Minnesota?
430,593 residents of Minnesota received SNAP benefits in June 2026, an enrollment rate of 7.4%, 3.4 percentage points below the U.S. rate of 10.8%. This ranks #40 of 51. That is 4.1% fewer people than in June 2025. The rate is 0.6 percentage points above the October 2019 to February 2020 average.
How strong is Minnesota's financial safety net?
Minnesota scores 38.5 out of 100 on the Safety Net Index, ranking #33 of 51 (Weak). The score combines Medicaid coverage (17.6% enrollment rate, expansion state), SNAP enrollment (7.4%), and foreclosure legal protections. That is below the state average of 43.6.
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 · moderate-high county distress. Beltrami County (55 · moderate county distress), Wadena County (49 · moderate-low county distress), Pine County (46 · moderate-low county distress) are next. Carver County is the least distressed at 2 · exceptionally low county distress. See all 87 counties at /counties/minnesota/.
How long can foreclosure take in Minnesota?
Minnesota mainly uses non-judicial foreclosure, which a lender can carry out without going to court. The timeline varies by county and case. Paying to stop the foreclosure: Borrower may reinstate (pay all arrears) at any time before the sheriff's sale. After sale, the borrower can redeem during the redemption period by paying the sale price plus interest, unless the holder of the sheriff's certificate agrees in writing to accept less. Homestead exemption: Up to $510,000 (Minn. Stat. § 510.02), or $1,275,000 if the homestead is used primarily for agricultural purposes; the homestead may include up to 160 acres, and the dollar limits change periodically. IMPORTANT: The homestead exemption does NOT protect against mortgage foreclosure — the mortgage lender forecloses its security interest regardless of the homestead exemption. The exemption is meaningful protection against unsecured judgment creditors and in bankruptcy proceedings. Full details at /help/foreclosure/minnesota/.
Where does Minnesota rank for financial distress?
Minnesota scores 24 on the State Distress Index (low state distress), which means it is more distressed than 24% of the 50 states and D.C.. It ranks #39 of 51 jurisdictions, in the second-least distressed fifth. 1 of 5 NY Fed household debt measures are above the U.S. figure. The State Distress Index domain with the highest score is Labor. County Distress Index details are listed separately by county. The safety net ranks #33 (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. Published once a year with fourth-quarter figures.
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 (latest month), and state foreclosure legal protections.