Special Report
America's Most and Least Educated States
September 14, 2018 4:45 pm
Last Updated: January 11, 2020 5:53 pm
1. Massachusetts
> Pct. of adults with at least a bachelor’s degree: 43.4%
> Median earnings for bachelor’s degree holders: $62,167 (2nd highest)
> Median household income: $77,385 (4th highest)
> 2017 unemployment: 3.7% (tied — 16th lowest)
In Massachusetts, 43.4% of adults have at least a four-year college degree, the highest share of any state. The share of adults with a bachelor’s degree has increased considerably faster in the state than the nation as a whole. The share increased 0.7 percentage points from a 42.7% share in 2016. Adults with college degrees are more likely to have higher-paying jobs than those with only a high school education. In Massachusetts, the median annual household income is $77,385, the fourth largest among states nationwide.
2. Colorado
> Pct. of adults with at least a bachelor’s degree: 41.2%
> Median earnings for bachelor’s degree holders: $52,074 (16th highest)
> Median household income: $69,117 (11th highest)
> 2017 unemployment: 2.8% (4th lowest)
Many high-paying jobs are often only accessible to workers with a college degree. In Colorado, 41.2% of adults have at least a bachelor’s degree, up from 39.9% in 2016. That 1.3 percentage point increase was one of the largest among states. Nationwide, the college degree attainment rate is 32.0%. Among state workers, 13.9% are employed in the professional, scientific, and management sector, the third largest such share of any state. In states with a smaller share of adults who attended college, it is likely a lower share of the workforce would be employed in the industry, which tends to require college graduates.
3. Maryland
> Pct. of adults with at least a bachelor’s degree: 39.7%
> Median earnings for bachelor’s degree holders: $61,640 (3rd highest)
> Median household income: $80,776 (the highest)
> 2017 unemployment: 4.1% (tied — 22nd lowest)
States with above average educational attainment rates tend to have more affluent populations, and Maryland is no exception. Nearly 40% of adults in the New England state have at least a bachelor’s degree, the third highest share nationwide. In part due to the state’s highly educated workforce, Maryland’s median household income of $80,776 a year is higher than any other state in the country. It also exceeds the national annual median household income of $60,336 by over $20,000.
4. New Jersey
> Pct. of adults with at least a bachelor’s degree: 39.7%
> Median earnings for bachelor’s degree holders: $63,545 (the highest)
> Median household income: $80,088 (2nd highest)
> 2017 unemployment: 4.6% (tied — 17th highest)
About 39.7% of adults in New Jersey have at least a bachelor’s degree, tied with Maryland for the third highest share nationwide. In general, higher education results in higher annual incomes, and in New Jersey, a four-year college degree is more valuable than in most other states. The typical worker with a college education in the state earns $63,545 a year, the highest earnings of any state and well above the annual national median earnings for bachelor’s degree holders of $52,484 a year.
5. Virginia
> Pct. of adults with at least a bachelor’s degree: 38.7%
> Median earnings for bachelor’s degree holders: $58,191 (8th highest)
> Median household income: $71,535 (9th highest)
> 2017 unemployment: 3.8% (tied — 19th lowest)
A concentration of employment in sectors with a high share of white collar jobs is often indicative of higher educational attainment across a population. In Virginia, 15.7% of workers are employed in the professional, scientific, and management sector — the largest share of any U.S. state. Employment in the sector is made possible in part by the relatively large share of adults in Virginia with a bachelor’s degree.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.