How Your College Major Predicts What House You Can Afford

How Your College Major Predicts What House You Can Afford

It's the classic-age query "What's your major?  The real question should be what kind of house do you want to live in?  Here's the non shocker:  Not all majors are created equal.  When you consider these 4 years of tuition as an investment in future earnings.  A few years down the road, when you're ready to settle down and purchase a home, your specific college concentration may very well have a lot to do with how much you can afford.

CHECK YOUR MAJOR

Mechanical Engineering    $452,000

Political Science                  $$349,000

Nursing                                 $326,000

Business Administration    $323,000

Communication                   $316,000

Psychology                            $274,000

Liberal Arts                            $263,000

Criminal Justice                     $247,000

Education                               $247,000

Social Work                            $202,000

According to pay scale, a mid career employee with a bachelor's degree earns a median salary of $77,000, meaning he or she can afford a house costing up to 341,000.  Thats about 60% more than a high school graduate.  Out of 300-plus majors, petroleum engineering came out on TOP:  With a mid career salary of $168,000, these grads can afford to buy as high as $744,000, more than 3 times the national median list price.  Even those fresh out of college land impressive starting salaries of $101,000.


Kim Powell Headshot
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Phone: 919-271-5104
Dated: September 30th 2015
Views: 568
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