In the time between 2022 and 2023, low-income families paid 22,724 U.S. dollars on average for college, whereas high-income families paid 28,026 U.S. dollars during this time. On average, families in the United States paid 28,026 U.S. dollars for college.
Average amount paid for college in the United States, year-over-year, between 2007 and 2023, by income level
(in U.S. dollars)
*According to the 2022 report, low-income were defined as those with an annual household income of less than $50,000, middle-income with an annual income from $50,000 to less than $100,000, and high-income with an annual income of $100,000 to $150,000.
Data for 2007 to 2022 has been retrieved from previous publications. Before 2022, the source defined low-income as less than $35,000, middle-income as an annual income from $35,000 to less than $100,000, and high-income with an annual income of $100,000 or more.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Sallie Mae. (August 9, 2023). Average amount paid for college in the United States, year-over-year, between 2007 and 2023, by income level (in U.S. dollars) [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/259199/average-amount-paid-for-college-year-over-year-in-the-united-states-by-income-level/
Sallie Mae. "Average amount paid for college in the United States, year-over-year, between 2007 and 2023, by income level (in U.S. dollars)." Chart. August 9, 2023. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/259199/average-amount-paid-for-college-year-over-year-in-the-united-states-by-income-level/
Sallie Mae. (2023). Average amount paid for college in the United States, year-over-year, between 2007 and 2023, by income level (in U.S. dollars). Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/259199/average-amount-paid-for-college-year-over-year-in-the-united-states-by-income-level/
Sallie Mae. "Average Amount Paid for College in The United States, Year-over-year, between 2007 and 2023, by Income Level (in U.S. Dollars)." Statista, Statista Inc., 9 Aug 2023, https://www.statista.com/statistics/259199/average-amount-paid-for-college-year-over-year-in-the-united-states-by-income-level/
Sallie Mae, Average amount paid for college in the United States, year-over-year, between 2007 and 2023, by income level (in U.S. dollars) Statista, https://www.statista.com/statistics/259199/average-amount-paid-for-college-year-over-year-in-the-united-states-by-income-level/ (last visited October 06, 2024)
Average amount paid for college in the United States, year-over-year, between 2007 and 2023, by income level (in U.S. dollars) [Graph], Sallie Mae, August 9, 2023. [Online]. Available: https://www.statista.com/statistics/259199/average-amount-paid-for-college-year-over-year-in-the-united-states-by-income-level/
