Here are the states whose residents are the best at managing their money

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Some states with lower median incomes have better credit scores than those with high household income, a newly released report shows.

States with the highest incomes aren't necessarily those with the best credit scores, a new report shows.

"Just because you have more income doesn't mean you're managing it well," said Ted Rossman, industry analyst for CreditCards.com, which releasedHero Images | Getty Images Beating out all the other states for best money management is South Dakota. Although its median household income of $56,274 is 33rd in the nation, its average credit score of 727 is tied for second-highest.

At the bottom is Washington, D.C. Its median household income is the highest in the country , while its average credit score ranks 32nd.

 

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It’s too bad that there’s no way to break this down either by age and/or ethnicity ...

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