The United States is one of the few countries in the world that does not guarantee the right to a public education. In the absence of comprehensive federal legislation, school policy – including budgetary considerations – is largely set at the state and local levels.
This system has resulted in significant disparities in public education spending. While some states invest an average of $20,000 or more per pupil annually, others spend as little $8,000 per student.
Using data from the U.S. Department of Education’s National Center for Education Statistics for the 2018-2019 school year, 24/7 Wall St. reviewed average per pupil spending in each state.
States with the highest per pupil spending are concentrated in the Northeast, while those with the lowest per pupil spending are disproportionately concentrated in the South and West. The link between per pupil spending and school quality is complicated, but while there are some notable exceptions, many of the states spending the most on their public schools also have some best student outcomes and highest quality schools in the country. Here is a look at the state with the best schools.
It is important to note that even within states, per pupil spending can vary considerably from district to district. These disparities within a state can result from several factors, including the presence of special needs and English-language learning classrooms, which require higher spending, and perhaps most importantly, geography and student body size. Larger urban districts generally benefit from an economy of scale, while smaller, often rural districts have fewer students over which to spread the cost of infrastructure, instruction, and transportation. Here is a look at the states that pay their teachers the least.
School spending at the district level is also impacted by local economic factors. Because public school districts are funded largely by property taxes, school systems in lower-income areas have a weaker tax base to draw from. Still, every state takes measures to offset these disparities and equalize funding to some 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.