Economics Degree in Canton Township, MI — Salary & ROI 2026
Economics degree analysis for Canton Township, MI. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$61K
COL-adjusted
Mid-Career
$94K
COL-adjusted
ROI Payback
4.1 yrs
in Canton Township
Cost of Living
93.5
index (100 = avg)
Economics in Canton Township, MI Overview
While Canton Township has a smaller college scene with 4 institutions, Economics students benefit from the close-knit academic community. Room and board averages $13,040/year, and the car-friendly layout shapes the student experience. Economics enrollment is stable nationwide, with steady demand for graduates skilled in Econometrics and Statistical Analysis. The adjusted starting salary in Canton Township is approximately $60,775, growing to $93,500 by mid-career.
Category
Business
Local Colleges
4
Public Tuition
$15,400/yr
Private Tuition
$32,000/yr
Room & Board
$13,040/yr
Avg Fin. Aid
$10,240/yr
Unemployment
4.9%
Graduation Rate
46%
Economics Salary in Canton Township (COL-Adjusted)
Salaries adjusted for Canton Township's cost of living index of 93.5 (national average = 100).
Note: National average Economics salary: $65,000 starting, $100,000 mid-career, $130,000 senior level.Canton Township adjustment factor: 0.94x based on the local cost of living index.
Economics ROI Calculator for Canton Township
Estimate your return on investment for a Economics degree using local Canton Township tuition and cost of living data.
Public avg: $15,400 | Private avg: $32,000
Canton Township avg aid: $10,240/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$113,760
tuition + room & board - aid
Annual Earnings Premium
$28,050
vs HS diploma in Canton Township
ROI Payback Period
4.1 years
to break even
Lifetime Return in Canton Township
$680,990
Lifetime earnings premium ($794,750) minus total education cost ($113,760)
Student Loan Payoff for Economics in Canton Township
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Canton Township for Economics
Canton Township State University
public
$15,412/yr
$61,648 total
Community Colleges (2-Year Transfer)
Canton Township Community College
$5,332/yr
Top Employers for Economics in Canton Township
Canton Township offers opportunities in Financial services, Consulting firms, Fortune 500 companies for Economics graduates. National top employers in this field include:
Key Canton Township Hiring Sectors for Business
Financial services
Consulting firms
Fortune 500 companies
Startups
Marketing agencies
Common Economics Job Titles
Economics in Nearby Michigan Cities
Detroit, MI
$57K starting · COL 87
43 colleges
Grand Rapids, MI
$57K starting · COL 88
10 colleges
Warren, MI
$58K starting · COL 88.5
6 colleges
Sterling Heights, MI
$60K starting · COL 92.8
5 colleges
Ann Arbor, MI
$55K starting · COL 85
14 colleges
Lansing, MI
$55K starting · COL 85
6 colleges
Dearborn, MI
$59K starting · COL 90.5
5 colleges
Clinton Township, MI
$63K starting · COL 96.2
4 colleges
Other Business Majors in Canton Township
Business Analytics
$73K starting · 2 yr ROI
Finance
$65K starting · 3.5 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
Accounting
$58K starting · 3.8 yr ROI
Real Estate
$47K starting · 4 yr ROI
Business Administration
$54K starting · 4.2 yr ROI
Economics Degree in Canton Township — 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 Economics ROI in other cities, or explore other majors in Canton Township.