Massachusetts has been recognized as the most educated state in the United States, with 48.3% of adults aged 25 and older holding a bachelor's degree or higher. The state also leads in household income, boasting a median of $104,828. This educational achievement is supported by a high density of prestigious universities, including Harvard and MIT, which attract students and professionals alike. In 2024, Massachusetts allocated about $22 billion for public education, equating to $23,165 spent per student, ranking seventh nationally. The state's commitment to education is reflected in its K-12 system, with many graduates continuing their studies at local institutions. However, residents face challenges, as Massachusetts has the third-highest housing burden in the US, with renters spending an average of 51.5% of their income on housing. Despite these challenges, the state's economy thrives, driven by a highly educated workforce and high-paying jobs in sectors like biotech and technology.