A college education has long been a key driver of upward economic mobility in the United States. However, enrollment costs at colleges and universities have soared in recent years, making a four-year postsecondary education prohibitively expensive for many working- and middle-class families.
In Louisiana, an estimated 26.4% of adults 25 and older have a bachelor’s degree or higher, below the 35% share nationwide and the fourth lowest among all states.
Nationwide, median earnings among workers with a bachelor’s degree stood at $61,073 in 2021, compared to $35,019 among working adults with no more than a high school diploma. Due in part to lower-than-average bachelor’s degree attainment rates, the median earnings among all working adults in Louisiana is $40,562 a year, less than the comparable national median of $45,943.
All income and education data in this story is from the U.S. Census Bureau’s 2021 American Community Survey. Annual unemployment rates are from the Bureau of Labor Statistics.
Rank | State | Adults with a bachelor’s degree or higher (%) | Median annual earnings, all working adults, 2021 ($) | 2021 unemployment rate (%) |
---|---|---|---|---|
1 | West Virginia | 24.1 | 39,449 | 5.0 |
2 | Mississippi | 24.8 | 37,148 | 5.6 |
3 | Arkansas | 25.3 | 37,936 | 4.0 |
4 | Louisiana | 26.4 | 40,562 | 5.5 |
5 | Kentucky | 27.0 | 40,448 | 4.7 |
6 | Alabama | 27.4 | 40,362 | 3.4 |
7 | Nevada | 27.6 | 41,237 | 7.2 |
8 | Oklahoma | 27.9 | 40,163 | 3.8 |
9 | Indiana | 28.9 | 42,955 | 3.6 |
10 | Wyoming | 29.2 | 41,898 | 4.5 |
11 | New Mexico | 30.1 | 39,826 | 6.8 |
12 | Tennessee | 30.5 | 41,181 | 4.3 |
13 | Iowa | 30.5 | 44,644 | 4.2 |
14 | Idaho | 30.7 | 40,800 | 3.6 |
15 | Ohio | 30.7 | 43,794 | 5.1 |