What is the starting salary for Accounting graduates in Norfolk?

The estimated starting salary for Accounting graduates in Norfolk, VA is $57,660 per year, adjusted for the local cost of living index of 93. The national average starting salary for this major is $62,000. Salaries in Norfolk are 7% lower than the national average due to cost of living differences.

Is a Accounting degree worth it in Norfolk?

A Accounting degree in Norfolk has an estimated ROI payback period of 3.2 years, with a projected lifetime return of $617,444 after subtracting education costs. With 16 colleges in the area and average public tuition of $10,571/year, Norfolk offers affordable options for this degree. The local unemployment rate of 4.6% and the major's national unemployment rate of 2.5% should also factor into your decision.

How much does it cost to study Accounting in Norfolk?

The average annual public university tuition in Norfolk is $10,571, while private universities average $25,348/year. Including room and board ($9,443/year), total 4-year costs range from $80,056 at a public school to $139,164 at a private institution. Average financial aid per student in Norfolk is $15,816/year.

What jobs can Accounting graduates get in Norfolk?

Accounting graduates in Norfolk can pursue careers as Accountant, Auditor, Tax Specialist, CPA. Key skills valued by local employers include Financial Reporting, Tax Preparation, Auditing, QuickBooks/SAP. The Norfolk job market features Financial services, Consulting firms, Fortune 500 companies among the top hiring sectors for this field. National top employers include Deloitte, PwC, EY.

How long to pay off student loans for Accounting in Norfolk?

With a standard 10-year repayment plan at 6.5% interest, Accounting graduates in Norfolk would pay $909/month on an estimated $80,056 in loans, with $29,026 in total interest. An aggressive 5-year plan would require $1,566/month but save $15,099 in interest. With a COL-adjusted starting salary of $57,660, monthly payments would represent 19% of gross monthly income.

Accounting Degree in Norfolk, VA — Salary & ROI 2026

Accounting degree analysis for Norfolk, VA. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.

Starting Salary

$58K

COL-adjusted

Mid-Career

$84K

COL-adjusted

ROI Payback

3.2 yrs

in Norfolk

Cost of Living

index (100 = avg)

Accounting in Norfolk, VA Overview

Norfolk, Virginia (pop. 238,005) has 16 colleges offering Accounting programs. The local cost of living index of 93 is near the national average, with average rent near campus at $956/month. Accounting enrollment is stable nationwide, with steady demand for graduates skilled in Financial Reporting and Tax Preparation. The adjusted starting salary in Norfolk is approximately $57,660.

Accounting Salary in Norfolk (COL-Adjusted)

Salaries adjusted for Norfolk's cost of living index of 93 (national average = 100).

Entry Level (0-2 yrs)

$57,660($-4,340 vs national)

Mid Career (5-9 yrs)

$83,700($-6,300 vs national)

Senior Level (15+ yrs)

$106,950($-8,050 vs national)

Note: National average Accounting salary: $62,000 starting, $90,000 mid-career, $115,000 senior level.Norfolk adjustment factor: 0.93x based on the local cost of living index.

Accounting ROI Calculator for Norfolk

Estimate your return on investment for a Accounting degree using local Norfolk tuition and cost of living data.

Annual Tuition ($)

Public avg: $10,571 | Private avg: $25,348

Years of Study

Annual Financial Aid ($)

Norfolk avg aid: $15,816/yr

Student Loan Rate (%)

Federal avg: 6.5% | Private: 4-14%

Total Education Cost

$80,056

tuition + room & board - aid

Annual Earnings Premium

$25,110

vs HS diploma in Norfolk

ROI Payback Period

3.2 years

to break even

Lifetime Return in Norfolk

$617,444

Lifetime earnings premium ($697,500) minus total education cost ($80,056)

Student Loan Payoff for Accounting in Norfolk

Standard Plan (10 years)

Loan Amount$80,056

Monthly Payment$909

Total Interest$29,026

% of Monthly Income19%

Aggressive Plan (5 years)

Loan Amount$80,056

Monthly Payment$1,566

Total Interest$13,927

Interest Savings$15,099

Colleges in Norfolk for Accounting

Old Dominion University

public

$11,210/yr

$44,840 total

Norfolk State University

public

$9,932/yr

$39,728 total

Community Colleges (2-Year Transfer)

Tidewater Community College Norfolk

$5,340/yr

Top Employers for Accounting in Norfolk

Norfolk offers opportunities in Financial services, Consulting firms, Fortune 500 companies for Accounting graduates. National top employers in this field include:

DeloittePwCEYKPMGGrant Thornton

Key Norfolk Hiring Sectors for Business

Financial services

Consulting firms

Fortune 500 companies

Startups

Marketing agencies

Common Accounting Job Titles

AccountantAuditorTax SpecialistCPA

Accounting in Nearby Virginia Cities

Virginia Beach, VA

$55K starting · COL 88

13 colleges

Chesapeake, VA

$56K starting · COL 91

12 colleges

Arlington, VA

$88K starting · COL 142.5

9 colleges

Richmond, VA

$62K starting · COL 100

11 colleges

Newport News, VA

$57K starting · COL 92.5

7 colleges

Alexandria, VA

$63K starting · COL 102

8 colleges

Hampton, VA

$60K starting · COL 97

7 colleges

Roanoke, VA

$55K starting · COL 88.5

4 colleges

Other Business Majors in Norfolk

Business Analytics

$73K starting · 2 yr ROI

Finance

$65K starting · 3.5 yr ROI

Economics

$60K starting · 4 yr ROI

Information Systems

$47K starting · 3.3 yr ROI

Supply Chain Management

$47K starting · 3.5 yr ROI

Operations Management

$47K starting · 3.8 yr ROI

Real Estate

$47K starting · 4 yr ROI

Business Administration

$54K starting · 4.2 yr ROI

Methodology & Education Data Sources

How we calculate Accounting degree outcomes in Norfolk, VA: Our salary projections, ROI estimates, and tuition data combine multiple federal datasets to provide a localized view of education economics. We use a 10-year career-trajectory model standard in higher education research.

Tuition data sourced from IPEDS (Integrated Postsecondary Education Data System), the federal education statistics database operated by NCES. Average tuition for Accounting programs reflects 4-year public/private weighted averages for Virginia.
Career salary projections based on BLS Occupational Employment and Wage Statistics, with cost-of-living adjustments for Norfolk using regional CPI data.
10-year ROI calculates: (Total Career Earnings With Degree) − (Total Career Earnings Without Degree) − (Total Education Cost Including Interest on Loans).
Job market outlook for Accounting graduates uses BLS Occupational Outlook Handbook 10-year projections (2024-2034 base period).
Default rates and loan data sourced from College Scorecard (US Department of Education), which tracks repayment outcomes by institution.

Authoritative US education data sources:

IPEDS — Integrated Postsecondary Education Data — official federal college data
College Scorecard (US Dept of Education) — earnings, debt, completion rates
BLS Occupational Outlook Handbook — Accounting career projections
Federal Student Aid (FAFSA) — official US student loan and grant info
NCES Digest of Education Statistics — comprehensive education data
BLS Occupational Employment and Wages — entry-level salary data for Accounting grads

Education Disclaimer: Salary and ROI estimates are projections based on national and state-level averages. Individual outcomes depend on institution prestige, GPA, internships, location, network, and economic conditions. Always verify current tuition with the institution directly, and consult a financial aid counselor before taking on student loans. Use the Federal Loan Simulator to model repayment scenarios.

Reviewed by Brazora Monk · Last updated 2026 · IPEDS & BLS data current as of latest annual release

Financial Aid Resources for Norfolk Students

Beyond federal aid (FAFSA), Virginia students have access to state-specific grants, scholarships, and tuition assistance programs. The 2026-27 FAFSA also added a new Low Earnings Indicator (Dec 2025) flagging programs where graduates earn less than non-college peers — check your target school's status:

📋 Federal Aid (FAFSA)

Pell Grant up to $7,395/yr (2026-27). Subsidized loans at 6.53% (academic year 25-26):

🏛️ State Grants (Virginia)

State-specific grants stack with federal aid:

• USA.gov — Virginia programs
• NASFAA — State Aid Programs
• Search "virginia higher education commission grants"

🎓 College Outcomes Data

Verify earnings + debt before enrolling:

• College Scorecard — earnings, debt, completion
• NCES College Navigator
• IPEDS Net Price Calculator Center

💰 Scholarship Search

Free, official, scam-free scholarship databases:

2026-27 FAFSA tip: The new Low Earnings Indicator flags programs where graduates earn less than non-graduates. Check this before enrolling. Speak with a NASFAA-credentialed financial aid counselor at your target school.

Accounting Degree in Norfolk — FAQ

Data Sources: Salary data from BLS Occupational Outlook Handbook. Cost of living from BLS Regional Data. College data from NCES/IPEDS. Updated March 2026.

Explore More

Compare Accounting ROI in other cities, or explore other majors in Norfolk.

Accounting Overview Colleges in Norfolk All Majors