That is an increase of well over 20 percentage points in less than a decade, and means the proportion of schools in Wolverhampton with one of the two top grades is well above the national average.
Latest figures from Ofsted show that 96% of Wolverhampton's primary schools are rated either Good or Outstanding, compared to 91% in the West Midlands and 92% nationally, while 85% of secondary schools in the city hold one of the top two grades, above the national average of 84%.
In total, 21 schools in the city are Outstanding, with 81 judged to be Good, and overall 93% of schools in Wolverhampton are either Good or Outstanding, compared to 89% in the West Midlands and 90% nationally.
There are also now 46,500 pupils – equivalent to 92% of the local pupil population – attending Good or Outstanding schools in the city.
Councillor Jacqui Coogan, the City of Wolverhampton Council's Cabinet Member for Children, Young People and Education, said: "As a council, we are determined that our city's children and young people get the best possible start in life – and that means ensuring they have access to the best possible education, too.
"We have been committed to raising education standards over recent years. It is a central theme in our council plan and we're working closely with local schools and academy trusts to ensure the best outcomes for all our children and young people.
"And we find ourselves in an excellent position, with more pupils in Wolverhampton now attending Good or Outstanding schools than ever before.
"This is thanks to the dedication and commitment of leaders, teachers, governors, pupils and parents, as well the sustained investment in education we have made over the last decade.
“This hard work will continue as we look to help even more of our schools secure Good or Outstanding judgments.”