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Accounting Degree in Richmond, VA — Salary & ROI 2026

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

Starting Salary

$62K

COL-adjusted

Mid-Career

$90K

COL-adjusted

ROI Payback

3.8 yrs

in Richmond

Cost of Living

100

index (100 = avg)

Accounting in Richmond, VA Overview

Richmond, Virginia (pop. 226,610) has 11 colleges offering Accounting programs. The local cost of living index of 100 is near the national average, with average rent near campus at $737/month. Accounting enrollment is stable nationwide, with steady demand for graduates skilled in Financial Reporting and Tax Preparation. The adjusted starting salary in Richmond is approximately $62,000.

Category

Business

Local Colleges

11

Public Tuition

$14,676/yr

Private Tuition

$58,570/yr

Room & Board

$10,932/yr

Avg Fin. Aid

$9,068/yr

Unemployment

5.7%

Graduation Rate

65%

Accounting Salary in Richmond (COL-Adjusted)

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

Entry Level (0-2 yrs)
$62,000(+$0 vs national)
Mid Career (5-9 yrs)
$90,000(+$0 vs national)
Senior Level (15+ yrs)
$115,000(+$0 vs national)

Note: National average Accounting salary: $62,000 starting, $90,000 mid-career, $115,000 senior level.Richmond adjustment factor: 1.00x based on the local cost of living index.

Accounting ROI Calculator for Richmond

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

Public avg: $14,676 | Private avg: $58,570

Richmond avg aid: $9,068/yr

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

Total Education Cost

$102,432

tuition + room & board - aid

Annual Earnings Premium

$27,000

vs HS diploma in Richmond

ROI Payback Period

3.8 years

to break even

Lifetime Return in Richmond

$647,568

Lifetime earnings premium ($750,000) minus total education cost ($102,432)

Student Loan Payoff for Accounting in Richmond

Standard Plan (10 years)

Loan Amount$102,432
Monthly Payment$1,163
Total Interest$37,139
% of Monthly Income23%

Aggressive Plan (5 years)

Loan Amount$102,432
Monthly Payment$2,004
Total Interest$17,820
Interest Savings$19,319

Colleges in Richmond for Accounting

Virginia Commonwealth University

public

$14,676/yr

$58,704 total

University of Richmond

private

$58,570/yr

$234,280 total

Community Colleges (2-Year Transfer)

Reynolds Community College

$5,340/yr

Top Employers for Accounting in Richmond

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

DeloittePwCEYKPMGGrant Thornton

Key Richmond Hiring Sectors for Business

Financial services

Consulting firms

Fortune 500 companies

Startups

Marketing agencies

Common Accounting Job Titles

AccountantAuditorTax SpecialistCPA

Methodology & Education Data Sources

How we calculate Accounting degree outcomes in Richmond, 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.

  1. 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.
  2. Career salary projections based on BLS Occupational Employment and Wage Statistics, with cost-of-living adjustments for Richmond using regional CPI data.
  3. 10-year ROI calculates: (Total Career Earnings With Degree) − (Total Career Earnings Without Degree) − (Total Education Cost Including Interest on Loans).
  4. Job market outlook for Accounting graduates uses BLS Occupational Outlook Handbook 10-year projections (2024-2034 base period).
  5. Default rates and loan data sourced from College Scorecard (US Department of Education), which tracks repayment outcomes by institution.

Authoritative US education data sources:

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 Richmond 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:

🎓 College Outcomes Data

Verify earnings + debt before enrolling:

💰 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 Richmond — 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.

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