Richest school district in each state – 24/7 Wall St.


Special report

Disparities in school spending have been a point of contention in the US public education system for decades. Since public schools generally receive most of their funding from local sources such as property taxes, wealthier districts are often better funded than poorer ones.

Although the relationship between school spending and student outcomes is controversial, studies have shown that higher spending per student is correlated with a range of improved outcomes, including a reduced likelihood of poverty in adulthood. (Here is a preview the worst school district in every state.)

Yet there are countless variables—both inside and outside the classroom—that can affect a student’s chances of success. One of them is financial security at home.

A recent report published by the Georgetown Center on Education and Workforce found that children from low-income households who score high on standardized aptitude tests in kindergarten have only a 3 in 10 chance of graduating from college and landing good entry-level jobs as young people adult. Meanwhile, children from affluent families who perform poorly on the same tests have a 7 in 10 chance. For students from low-income families, setbacks may be more difficult to overcome due to limited support resources.

This study suggests that even if spending per student were equal across thousands of school districts across the United States, students in high-income areas would still have a significant advantage. Using data from the US Census Bureau and the National Center for Education Statistics, 24/7 Wall St. identified the wealthiest school districts in each state. School districts are ranked by average household income in the district, and only districts with at least 100 students and income data were considered.

Among the districts on this list, the average annual household income ranges from $90,500 to over $450,000. In the majority of these school districts, graduation rates are 90% or higher.

Notably, despite a strong tax base, spending per student in these districts is not always particularly high. Due in part to federal and state grant programs that help equalize school funding, spending per student in just under half of the districts on this list is below the comparable statewide average. . (Here is a preview how much each state spends on its public schools.)

Click here to see the richest school district in each state.

Click here to see our detail methodology.

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