We’ve long known that where you call home can have a life-long impact on your wallet. Some parts of the country rank better than others when it comes to the availability of jobs, affordable housing, and cost of living. Common knowledge suggests that young people getting started in New York City will have an easier time launching high-earning careers than their counterparts across rural America. But who knew that the geography of state debt can also play a significant factor on our long term financial prospects?

All 50 states’ governments manage their own taxes and budgets in parallel with the federal government. Just like the well-known national debt at the federal level, many states have also borrowed money to plug their current budget holes. There are a lot more states than you might think with budget’s in the red, and they’re not necessarily in the places you would think. Living in one of these heavily-indebted states could open you up to future tax increases or commiserate cuts in government spending.