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How big is the homeschooling market in the US?
Hello and thanks for your question asking what the size is of the US homeschooling market. I have found that there are an estimated 1,773,000 children currently being homeschooled, and that the market generates $1 billion in annual revenue. Below you will find a deep dive into my research, along with all the details as to how I came to this conclusion.
OVERVIEW
In order to answer your question I looked for statistics that describe the size of the US homeschooling market, both in terms of number of children being homeschooled, and in dollar value. I was able to find these figures, along with supporting sources to further explain what I found.
In answering your question I found that the agile-ed source was definitely the most useful.
NUMBER OF CHILDREN BEING HOMESCHOOLED
There are no official figures which state the exact number of children being homeschooled, however experts have estimated that it is somewhere between 1.5 – 2.5 million. I found another source to corroborate this, and it estimated more specifically that the number of children being homeschooled is 1,773,000 (which sits in-between the above estimate). This represents around 2.71% of all kids in the US.
MARKET VALUE
The US homeschool market generates $1 billion in annual revenue. This is expected to increase to $2.5 billion by 2020.
INCREASE IN HOMESCHOOL MARKET
Data shows that from 2003 to 2012 (most recent date this statistic is available for) the number of children being homeschooled in the US rose by 61.8%. Reasons why there is an increase in children being educated at home may be linked to reports of US schools lacking in resources, or it may even be because some schools are lacking space to accommodate for the number of pupils in the area. In fact 48% of homeschool families claimed that the reason they decided on homeschooling was because they believed they would be able to provide a better quality education at home compared with the local school.
CONCLUSION
Overall I have found that there are around 1,773,000 children being homeschooled in the US and this number has rapidly grown in recent years. Annually the homeschool market generates around $1 billion in revenue, and this is predicted to increase to $2.5 billion by 2020.
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