Schools
Student Debt For Lakeville Residents: How It Compares Across U.S.
Americans have a total of $1.61 trillion in student debt or about $37,000 per borrower. Here's how residents in Lakeville compare.
![In Lakeville, the average resident has $20,869 worth of student loan debt. The median earnings of a person with a bachelor's degree in the city is $73,128.](https://patch.com/img/cdn20/shutterstock/22887410/20220510/093429/styles/patch_image/public/shutterstock-1317426182-1___10093158513.jpg)
LAKEVILLE, MN — Americans have a total of $1.61 trillion in student debt, which comes out to $37,000 per borrower.
Wallethub recently conducted a study to determine where borrowers are burdened the most, and the least, across the United States.
The data and information website compared the median student-loan balance against the median earnings of adults aged 25 and older with a bachelor’s degree in more than 2,510 U.S. cities, including dozens in Minnesota.
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In Lakeville, the average resident has $20,869 worth of student loan debt. The median earnings of a person with a bachelor's degree in the city is $73,128.
Here's how Richfield stacks up against other cities in Minnesota:
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The U.S. city with the worst debt-to-salary ratio is Ypsilanti, Michigan. The average resident of Ypsilanti has $29,342 worth of student loan debt, and the average salary is $35,080.
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