Less than High School | High School Diploma | Some College, No Degree | Associate's | Bachelor's | Master's | Doctoral | Overall | |
---|---|---|---|---|---|---|---|---|
Median Earnings per Week (in Hundreds of Dollars) | 4.7 | 6.5 | 7.3 | 7.8 | 11.1 | 13.3 | 16.2 | 8.2 |
Unemployment Rate (%) | 11 | 7.5 | 7 | 5.4 | 4 | 3.4 | 2.2 | 6.1 |
Sources:
bls.gov
Not only do college grads have significantly higher earnings, they also have a much lower unemployment rate. Note the large jump in income between an Associate's and a Bachelor's degree, and each increment of education after it. For a Bachelor's degree, the median yearly income works out to about 57 thousand, and it only gets better from there.