College grads see big income boost
Adults with a bachelor's degree average over $20,000 a year more than those with only a high school diploma, according to new Census data.
By Rob Kelley, CNNMoney.com staff writer

NEW YORK (CNNMoney.com) -- Four more years in the classroom should be looking pretty good to high school graduates if future salary is important to them, according to new Census data released Thursday.

The survey found that adults 18 and older with a bachelor's degree earned an average of $51,554 in 2004, compared to $28,645 for those with only a high school diploma.

QuizlaunchTake the quiz
Do you deserve a raise? Before asking, know your strengths and weaknesses.

1. If you left the company, how easy or hard would it be for the company to replace you?
Easy      Hard


This quiz is adapted from Are You Paid What You're Worth?, by Michael O'Malley (Broadway Books, $15).

Those with advanced degrees did even better, taking home an average of $78,093 a year.

Men had lower high school graduation rates than women - 84.9 percent compared to 85.4 percent. But a greater proportion of men held bachelor's degrees: 28.9 percent versus 26.5 percent of women.

The District of Columbia had the highest proportion of people with a bachelor's degree at 47 percent, followed by Connecticut, Massachusetts, Maryland and New Jersey.

The states with the highest proportions of high school diplomas were Utah, Minnesota, Montana, New Hampshire and Alaska (all around 92 percent).

Whites had the highest proportion of high school degrees (90 percent), followed by Asians (88 percent), blacks (81 percent), and Hispanics (59 percent).

The data are from the 2005 Current Population Survey's Annual Social and Economic Supplement (ASEC), which was conducted from February through April 2005 at about 100,000 addresses.


Average college cost breaks $30,000

College? Retirement? How to handle two big financial challenges

War for talent boosts pay Top of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.