The Institute for Higher Education Policy's (IHEP) Equitable Value Explorer (EVE) data tool provides measures of economic value based on students' post-college earnings relative to the state in which their postsecondary institution is located. Such a broad geographic unit, however, may lead to inadequate comparisons for institutions like community colleges that primarily serve students who live and work within their immediate area. This study uses data from IHEP's EVE data tool and builds on the Postsecondary Value Framework (PVF) by redefining economic value thresholds based on the core-based statistical area (CBSA) in which an institution is located. CBSAs are federally defined geographic units that reflect a "core area containing a substantial population nucleus, together with adjacent communities having a high degree of economic and social integration" irrespective of state borders (U.S. Census Bureau, 2021). By examining postsecondary value across CBSAs, this study acknowledges that earnings outcomes vary dramatically by place, which are not necessarily bounded by state borders. For example, 61 of the 939 defined CBSAs include more than one state, with the Philadelphia-Camden-Wilmington CBSA and the Washington-Arlington-Alexandria CBSA each including portions of four states or jurisdictions. This study focuses on community colleges, which typically enroll individuals who live nearby (Jepsen & Montgomery, 2009) and produce graduates with less-than-4-year degrees who are less geographically mobile (Malamud & Wozniak, 2012). By focusing on this institutional sector, we can isolate the relationship more directly between postsecondary enrollment and earnings by reducing the likelihood that earnings are attributable to geographic mobility into and after college. In addition, this study extends the EVE data tool by moving beyond calculating measures of economic value to investigating the institution-level and community-level characteristics associated with positive (and negative) value.