Bad news. Parents in California have to make more money annually than parents in just about any other state in the U.S. to live comfortably and send their kid to college in-state, according to a recent study by a personal finances website.
The 5 States Where Parents Can Make the Least Money and Still Afford to Send Their Kid to College
To identify how much parents need to make to pay for college tuition outright rather than opting for student loans, researchers at GOBankingRates used data from the College Board to estimate the average price of tuition and fees at public four-year institutions. They factored in the cost of living in each state by identifying the dollar amounts required to cover necessities like a mortgage, groceries, utilities and more.
5 States Where Parents Have to Make the Most Money to Be Able to Send Their Kid to College
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The researchers compiled the data to show which five states parents must make the most money to live comfortably and pay for tuition and which five states parents can make the least money to do the same.