East Liverpool nearly tops survey of student debt - WFMJ.com News weather sports for Youngstown-Warren Ohio

East Liverpool nearly tops survey of student debt

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EAST LIVERPOOL, Ohio -

When it comes to paying off your student loan debt, East Liverpool is one of the worst places to settle down according to a recent analysis.

A survey by credit score and credit report website wallethub.com, there are only three U.S. Cities worse than East Liverpool when it comes to getting a job that pays enough to cover the cost of education loans.

WalletHub compared the median student-loan balance against the median earnings of adults aged 25 and older with a bachelor’s degree in each of 2,510 U.S. cities to determine where Americans are most overleveraged on their college-related debts.

The survey found an $18,466 median student debt in East Liverpool, compared with median earnings of $22,222 for bachelor's degree holders in the city.

That translates to an 83.1% ratio of student debt to median earnings.

Only the cities of Sun City West, Arizona; Green Valley, Arizona; and Palatka, Florida have student loan debts that are more unsustainable.

The City of Youngstown came out better on the survey with a 63.6% debt-to-earnings ratio. The ratio in Warren is 47.18% according to the survey.

Canfield end up in the middle with a 58% student debt-to-earnings ratio.

Santa Paula, California came out on top with a median student debt of $10,753, compared to median earnings of $70,763, or a 15.2% debt-to-earnings ratio.

More information on the survey may be found here

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