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Academic rankings are very subjective and statistics can be manipulated in so many different ways. Thus, my view is that there is the elite (top 1%) and then the very good (top 25%). Within each group, does it really matter which is better, especially where there are non-academic criteria that people will weigh, too (cost, urban v rural campus, distance from home, climate, sports, etc.)?
For example, when I bought a home in New Jersey several years back, I looked at school districts as I have kids. I moved to a town whose high school that is ranked between 40 and 80 of all NJ high schools depending on the publication and year. That's the 10% to 20% range. The neighboring high school is typically ranked between 20 and 60, which is about the 5% to 15% range. Outside of academics, my town's average housing price is about $450K and the neighboring town is about $650K. Thus, I weighed those two factors and decided that the extra $1,500 a month on mortgage costs (plus taxes) is not worth the slightly better school rankings. Ditto for colleges.
For example, when I bought a home in New Jersey several years back, I looked at school districts as I have kids. I moved to a town whose high school that is ranked between 40 and 80 of all NJ high schools depending on the publication and year. That's the 10% to 20% range. The neighboring high school is typically ranked between 20 and 60, which is about the 5% to 15% range. Outside of academics, my town's average housing price is about $450K and the neighboring town is about $650K. Thus, I weighed those two factors and decided that the extra $1,500 a month on mortgage costs (plus taxes) is not worth the slightly better school rankings. Ditto for colleges.
