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The second most dramatic difference in average income was between those with a bachelor's degree with $51,940 and those with an advanced degree who made $72,824, roughly $21,000 (42.2%) more. The least significant difference was between those who had graduated from high school and those who had either some college or an associate degree.
Let’s take a closer look at the average salary by education level to see what dividends education pays.
The first table contains a list of U.S. states and territories by annual median income. The second table contains a list of U.S. states and territories by annual mean wage. Information from an unknown source; Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2]
2020 Median earnings & household income by educational attainment [11] [12] Measure Overall Less than 9th grade Some High School High school graduate Some college Associate's degree Bachelor's degree or higher Bachelor's degree Master's degree Professional degree Doctorate degree; Persons, age 25+ w/ earnings* $46,985: $25,162: $26,092: $34,540 ...
These decisions don't negate the usefulness of a degree however, as we prepare for a heightening wave of unemployment in the coming months. These are the degrees that produce the highest earnings ...
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Overall, 90.3% of Americans over the age of 25 had graduated from high school in 2021, with the highest level found in the state of Massachusetts at 96.1% and the lowest in the state of California at 84.4%. In Puerto Rico, the proportion was even lower, though, at 79.6%. [1]
With an engineering degree, for example, a student can expect lifetime earnings of about $950,000, while a student who completes a nursing degree could rake in a lifetime earnings of about $618,000.