The average New York household's debt load reached $53,830 at the end of 2021, a report released by Comptroller Tom DiNapoli's office found. 

Student loan debt and credit card debt are above the national average for New York residents, though the overall debt burden for a household in the state is lower than the national average of $55,810. 

Some Americans were able to stash away money during the COVID-19 pandemic. But many others continue to struggle with savings and paying down debt over the last year, the report found. 

“Households across the nation have record levels of debt, after a temporary decline at the onset of the pandemic in 2020. We’re seeing debt rise for New Yorkers with student loans, mortgages and credit cards,” DiNapoli said. “Borrowing can help individuals achieve their personal and financial goals, but high levels of debt can cause damaging long-term consequences. I urge policymakers to improve access for individuals and families to financial education resources, so they are better prepared to build a stronger financial future.”

All told, New York households carry a combined $869.4 billion in debt, or 5.6% of the national total. That ranks New York fourth in the country behind its peer states of California, Texas and Florida. 

Credit card debt per capita in New York was $3,520 last year, which was the seventh highest in the country. The per capita student loan balance was $6,180, or 11th highest in the country. Student loan debt has grown by 33% in the last 18 years.