Summary
A new analysis compares how much a bachelor’s degree increases earnings across all 50 U.S. states. It finds that, on average, college graduates earn about 38.6% more than people with some college or an associate degree, but the payoff varies widely by location. States with large urban and professional job markets—such as California, New York, Massachusetts, New Jersey, and Georgia—show the biggest earnings gaps, reaching up to about 58.5%. In contrast, rural and resource-based states like Montana, Wyoming, and the Dakotas have much smaller gaps, near 17%. The findings highlight that geography strongly shapes the financial return on higher education.
Business Insider
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