Thursday, January 29, 2015

Most and Least Efficient Education Spending

With taxes being top of mind, schools back in session and education topping state and local government spending at nearly $870 billion in 2012, the leading personal finance social network WalletHub conducted an in-depth analysis of 2015’s Cities with the Most & Least Efficient Spending on Education.

In order to gauge the return on educational investment for 90 of the most populated U.S. cities, WalletHub divided each city’s aggregated standardized test scores in reading and math for grades 4 and 8 by its total education spending per capita. We then normalized the data by four key socioeconomic indicators.

Key stats:
  • Education spending per capita is four times higher in Buffalo, N.Y., than in San Francisco.
  • The poverty rate is six times higher in Detroit than in Fremont, Calif.
  • The median household income is four times higher in Fremont, Calif., than in Cleveland.
  • The percentage of children in single-parent families is five times higher in Cleveland than in Fremont, Calif.
  • The percentage of households that do not speak English as their first language is 28 times higher in Santa Ana, Calif., than in Jackson, Miss.
  • The average standardized test scores are four times better in Corpus Christi, Texas, than in Rochester, N.Y.

To read the full report and to see where your city ranks, please visit:
Cities with the Most Efficient Spending on EducationCities with the Least Efficient Spending on Education
1Miami, FL81St. Paul, MN
2Grand Rapids, MI82Syracuse, NY
3Richmond, VA83Riverside, CA
4Mobile, AL84Worcester, MA
5Tucson, AZ85Bakersfield, CA
6Detroit, MI86New York, NY
7Fort Lauderdale, FL87Buffalo, NY
8Austin, TX88Springfield, MA
9Philadelphia, PA89Yonkers, NY
10Birmingham, AL90Rochester, NY

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