College ROI for Students in Boone County, IL

Is college worth it in Boone County? Here's the financial analysis.

Public In-State/yr

$25,761

Public Out-of-State/yr

$45,267

Private/yr

$64,649

Payback Period

2 yrs

ROI Comparison

4-Year Public University

Total Cost (4 yrs)$103,044
Annual Earnings Premium$52,326
Payback Period2 years

20-Year Net Return$943,476

4-Year Private University

Total Cost (4 yrs)$258,596
Annual Earnings Premium$60,175
Payback Period4.3 years

20-Year Net Return$944,902

About Boone County, Illinois

Boone County in Illinois has a median household income of $80,502 and a population of 53,459. The college earnings premium in this region makes a public university degree pay back in approximately 2 years.

These estimates use regional cost and earnings data. Actual ROI varies enormously by major, institution, completion rate, and career path. Our Monte Carlo simulation models degree-specific outcomes, student loan scenarios, and alternative investment paths.

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Other Counties in Illinois

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: NCES IPEDS, College Scorecard, Bureau of Labor Statistics. Estimates based on regional data. This is not financial advice.