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This is how much more Dallas workers earn with a graduate degree, study finds

Graduate degrees aren't in the cards for everyone.
One of the biggest decisions new college graduates face after earning their bachelor's is whether to continue their education with a graduate degree, or enter the professional world without one. The Education Data Initiative reports graduate degrees can cost between $30,000 and $120,000 after a bachelor's, so it's important to consider the financial benefits depending on an individual's chosen field of study.
In Dallas-Fort Worth-Arlington, graduate degree holders earn $16,859 more than they would with just a bachelor's degree, according to a new study by SmartAsset.
The average annual income of a Metroplex resident with a bachelor's degree is $65,694, the study says. Those with graduate degrees make $82,553 per year, SmartAsset says.
A graduate degree holder's salary in Dallas-Fort Worth is much higher than the national average of $72,000 per year. The study further determined that (nationally) a graduate degree nets workers $16,000 more per year than those with a bachelor's.
Those with advanced degrees from one Dallas graduate school do particularly well.
"Amid the high expenses of education and ever-changing job markets, it’s important to weigh the opportunity costs of a graduate degree with the additional earning potential," the study's author wrote. "A graduate or professional degree nets an extra $484,000 over a career, on average... This assumes a 30 year career in a medium or large metro area."
SmartAsset's study used 2021 U.S. Census Bureau 1-Year ACS S1501 data to determine the income for individuals aged 25 and older with varying professional degrees in 281 of the biggest metropolitan areas.
The Texas city where a graduate degree nets a resident the most amount of money is Midland, with a massive $24,394 difference between graduate degree and bachelor's holders. Average graduate degree pay in the West Texas city is $90,559 versus $66,165 for an individual with a bachelor's degree.
The metro that landed at the top of the national ranks is San Jose-Sunnyvale-Santa Clara, California. A bachelor's degree holder makes an average salary of $102,214 in the area, whereas a graduate degree holder earns more than $48,000 more, totaling $150,281.
The full report and its methodology can be found on smartasset.com.