With the cost of college tuition at an all time high, some may wonder if it is even worth it to invest the time and money it takes to earn a four-year degree. In state tuition at a state school is, on average, more than five times as expensive as it was in 1990 — which could put a huge financial burden on students and their families.
Still, a college education can be incredibly beneficial. The right degree from a good school can lead to many more and higher paying job opportunities otherwise unavailable to less educated workers.
> Most educated city: Boulder
> Pct. of adults with a bachelor’s degree or higher: 60.6%
> Median household income: $74,615
> Unemployment rate: 1.9%
> Number of postsecondary institutions: 9
A whopping 60.6% of adults in Boulder have at least a bachelor’s degree — the highest share in both Colorado and the nation. Better educated populations are often more resilient to economic slumps, and Boulder’s 1.9% unemployment rate is the lowest of any U.S. metro area and well below the 4.4% nationwide jobless rate. Adults with a college education are also more likely to have well-paying jobs, and the typical Boulder household earns $74,615 a year — more than any other Colorado metro area and well above the $57,617 median household income nationwide.
24/7 Wall St. reviewed data from the U.S. Census Bureau’s 2016 American Community Survey to identify the most educated city in each state. Nationwide, 31.3% of American adults have earned a bachelor’s degree. However, college attainment rates vary greatly by state — from 42.7% of adults in Massachusetts to 20.8% in West Virginia. As a result, the best educated city in some states are home to a lower concentration of college educated adults than the U.S. as whole. In other cities on this list, over half of all adults have a bachelor’s degree or higher.