With the rising cost of higher education, you might wonder if college is worth the time and money. Does additional education really make a difference in earning potential?
In a May 2018 article, using information obtained from the U.S. Census Bureau, Amelia Josephson, of SmartAsset, identified the average U.S. salary by education level.
Average Salary by Education Level:
- Average Salary with Less Than a High School Diploma – $25,256
- Average Salary with a High School Diploma – $35,256
- Average Salary with Some College, No Degree – $38,376
- Average Salary with an Associate’s Degree – $41,496
- Average Salary with a Bachelor’s Degree – $59,124
- Average Salary with a Master’s Degree – $69,732
- Average Salary with a Professional Degree – $89,960
- Average Salary with a Doctorate – $84,396
Although you may become a high wage earner without a diploma or degree, the statistics emphasize the overall benefit of higher education in relation to earning potential. Remember, salary isn’t everything; therefore, only you can determine if college will truly be worth it.