New Canaan School District was named the "best school district" in Connecticut by 24/7 Wall St.
The financial news and opinion company based in Delaware ranks Best School Districts in every state.
In addition to bachelor's degrees and spending, the company evaluated school districts by creating an index based on data in these categories: child poverty, teacher-student ratios, preschool enrollment and Advanced Placement enrollment.
Several school districts in the United States spend more than $50,000 per student annually on education, 24/7 Wall St. found, but others spend less than $2,000 per student.
"That difference in spending contributes to major disparities in student outcomes throughout the country," the report said. "The majority of a school's budget is spent on staff and teacher salaries. A school that is able to attract the best teachers can give their students a major advantage."
Click here to sign up for Daily Voice's free daily emails and news alerts.