| Educational Attainment | Median Annual Earnings |
|:---|:---|
| Less than 9th Grade | $23,765 |
| High School Diploma Only | $34,187 |
| Some College, No Degree | $38,815 |
| Associate's Degree | $48,356 |
| Bachelor's Degree | $64,896 |
| Master's Degree | $82,745 |
| Professional Degree | $118,365 |
| Doctoral Degree | $122,964 |
- The median annual earnings of workers with a bachelor's degree is $64,896.
- Workers with a bachelor's degree earn on average $30,709 more than those with a high school diploma only.
- The earnings premium for a bachelor's degree over a high school diploma has increased since the 1970s. In 1979, the earnings premium was $10,585, or about 30%. In 2020, the earnings premium was $30,709 or about 89%.)
- The earnings premium for a bachelor's degree varies depending on the field of study. For example, in 2020, the median annual earnings for workers with a bachelor's degree in computer science was $103,610, while the median annual earnings for those with a bachelor's degree in social work was $55,640.