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These are the most debt-ridden cities in the US, according to study

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debt as the cost of living continues to rise, according to a new analysis.The average non-mortgage debt across the 50 largest U.S.

cities is $39,713, which includes auto loans, student loans, credit cards, and personal loans, a new study by online lending marketplace LendingTree found.

Across the largest American cities, auto loan debt was found to be the highest at an average of $13,718, ahead of student loans ($11,661), credit cards ($7,789) and personal loans ($5,411), according to the study.The study, published this week, was based on an analysis of 75,000 anonymized credit reports of LendingTree users between January and March.LendingTree chief credit analyst Matt Schulz said he actually expected non-mortgage debt to be much higher."Considering that the average price of a new car is about $50,000 and that so many people likely have an auto loan, student loan debt and credit card debt simultaneously, $40,000 hardly seems outrageous," Schulz said in a statement.

He added: "Now, I’m not saying that $40,000 in debt isn’t a lot or isn’t concerning. It absolutely is, and it can consume people’s lives.

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