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Los AngelesLos Angeles is faring better than other major metros when it comes to student debt, according to new research from WalletHub. When analyzing three new reports on student debt and credit card debt, researchers found that Los Angeles is in the top 43% of cities with the least student debt, putting them in the top half of the country. Other major metros, including New York, Washington DC and Chicago, ranked below Los Angeles for student debt.

“L.A. fares better than other major metros, such as D.C., which has a median student loan debt of 45.62% of the average earnings, or New York City, whose median student debt takes up 42.61% of average earnings, Jill Gonzalez, an analyst at WalletHub, tells GlobeSt.com. “The median student loan debt per person in Los Angeles is $17,969, which is 35.73% of the average earnings of the population over 25 with a Bachelor’s Degree. Although that ratio is not ideal, it’s better than many other similar-sized cities.”

Kelsi Maree Borland

GlobeSt

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