College payment - average amount in the United States, by income level, 2007-2023

Published by
Veera Korhonen,
Feb 9, 2024
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)

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Release date

August 2023

Region

United States

Survey time period

2007 to 2023

Supplementary notes

*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.

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