States Spending The Least On Education: 24/7 Wall St.
24/7 Wall St. | Posted: 06/02/2013 4:25 pm EDT
In 2011, for the first time in decades, the amount the nation’s schools spent per student fell. According to the U.S. Census Bureau’s latest release on education spending, the nation’s schools spent $10,560 per student in 2011, down from $10,600 per student in 2010. In most states, however, spending increased.
Based on the U.S. Census Bureau’s latest release on education spending per student,24/7 Wall St. reviewed the states that spent the most and least on education. For the past seven years, New York spent more than any other state, at just over $19,000 per student. Utah spent less than a third of that.
The states that spent the most per student appear to be the ones that can best afford it. Median household income in nine of the 10 top-spending states is higher than the U.S. median.
Because schools are funded through property taxes, many of the states that spend the