SIOUX FALLS, S.D. (KELO.com) — Sioux Falls residents with student loans are in the highest 30% of borrowers with debt in the nation.
That’s according to a study by Wallethub.
They say the average indebtedness to student loans for Sioux Falls residents with a bachelor’s degree is just over $22,000.
The median income of those with bachelor’s degrees is just over $50,000.
That’s a debt-to-earnings ratio of about 44%.
Rapid City had a worse ranking, in the top 22% of debt-to-earnings ratio at over 46%.
