How Much Is Your Education Worth
When it comes to your earning power, your education is the most important thing you can do. And searching for Criminal Justice Degrees can help you along the way. The more education you have, the better your chances of earning more lifetime income.
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When it comes to your earning power, your education is the most important thing you can do.
And searching for a Criminal Justice Degree in Cincinnati can help you along the way.
The more education you have, the better your chances of earning more lifetime income.
Take a look at the chart below.
Here, you will see the average annual earning power for different age groups by education achieved.
The information comes from data gathered during the U.S. 2000 census.
Online-education-search.com has compiled the data into an easy to read graph.
Not surprising, professionals (doctors, dentists, lawyers, and some engineers) receive the highest annual income.
Although the data covers an average of all persons, irrespective of gender, race or location, notice that those with college degrees or better, including online education degrees, increase in annual income as age increases.
In contrast, those with lower achieved education appear to plateau at an early age.
That is because the job skills of a poorly educated person do not change very much as age increases.
Therefore, older persons are unable to attain higher incomes as long as there are younger people willing to take the job for less.
More income is attained when job skills are improves either through education or job experience.
This table covers the average lifetime income of each education category.
Notice how much more income you can expect by attaining more education.
Source: http://ferret.bls.census.gov/macro/032001/perinc/new04_001.htm Annual Demographic Survey 2000Values calculated consider typical work starting age for each education level achieved through age 65.
Cost of Living
Most students secure their first job in one of 2 regions:Where they attended school – or – Close to their hometown.
Since you are interested in Criminal Justice degrees, you may want to pay particular attention to the cost of living in this region.
Use the table below to compare the cost of living in different metropolitan areas.
Rows highlighted include locations where the most Criminal Justice degrees are located.
Cost of Living Index
Misc. Goods & Services
New York (Manhattan Only) NY 231.8 141.5 460.3 179.8 119.6 185.8 135.2
Oakland (Pleasanton) CA 156.6 121.6 249.9 107.3 134 146.8 114.7
Nassau-Suffolk (Nassau County) 143.5 124.5 177.8 160 116.4 153 126.5
DC-MD-VA-WV 137.8 110.2 196 97.1 136.4 123.4 114.4
MA 136.2 114.5 186 138.2 118.7 130.7 110
CA 126.4 122.5 158.7 104 121.1 122.4 108.4
Beach CA 123.1 110 155.5 119.8 113.5 114.3 107
WA 118.7 109.7 144.5 66.4 124.5 130.4 110.2
PA-NJ 116.9 107 132 145.1 107 98 107.9
Bernardino CA 114.7 114.4 108 135 113.8 131.7 108.9
MI 112.9 106.2 137.6 107.7 103 109.6 100
OH 112.2 108.9 117.4 138.6 110.7 118.9 102.5
Chicago (Joliet) IL 109 109.3 109.6 110.7 115.8 112.4 105.5
Paul MN-WI 105.4 99.5 104.9 101.6 107.8 130.2 105.4
GA 103.2 106.7 101.8 97.1 99.8 114.9 103.5
AZ 102.3 104.9 95.7 105.2 109.5 114.8 101.9
TX 101.1 99.2 96.9 107.2 104.7 106.8 102.2
MO-IL 97.3 99.6 95.9 96.1 99.5 105.7 95.7
MD 97 97.2 92.4 121 97.1 94 95.5
TX 94.5 93.3 83.8 100 105.8 110.7 97.1
Additional Web Resources
This is a good site to compare 2- and 3-Year-Average Medians Household Income(s) (year 2000) by state: http://www.census.gov/hhes/income/income00/statemhi.html
This Department of Labors Bureau of Labor Statistical Data homepage covers a number of reports.
Check out the Prices & Living Conditions and Compensation & Working Conditions reports.
You may select a metropolitan area and occupation to find average wage rates. http://www.bls.gov/data/home.htm
This website page is similar to the one above but it contains annual wage information for major metropolitan areas by occupation. http://www.bls.gov/ncs/ocs/compub.htm
Consumer Price Index by Region by year: http://data.bls.gov/cgi-bin/surveymost?cu
This is a great website resource.
It presents Demographic, Social, Economic, and Housing Information by state and city.
The Economic section includes some useful income information.
The Social section covers attained education levels. http://www.census.gov/acs/www/Products/Profiles/Single/2000/C2SS/index.htm
Similar to the link above, this page gives you a quick look at Household Median Income by state. http://www.census.gov/acs/www/Products/Ranking/SS01/R07T040.htm