“The trend we’re seeing is that consumers have lower payments, indicating both proactive deleveraging by consumers and tighter limits from lenders and certainly consumers are making fewer major purchases such as homes and cars than they were a few years ago,” said Michele Raneri, senior director of analytics, Experian.

The Experian study also found that Washington D.C., Seattle and Baltimore top the list with the highest average monthly payments.  The cities with the lowest payments include Cleveland, Tampa and Pittsburgh.

Results ranked by highest to lowest by average monthly payment amounts are detailed below:

Table One: Average Monthly Payment and Percentage Difference from National Average

Source: Experian