What is the starting salary for Economics graduates in Chesapeake?

The estimated starting salary for Economics graduates in Chesapeake, VA is $59,150 per year, adjusted for the local cost of living index of 91. The national average starting salary for this major is $65,000. Salaries in Chesapeake are 9% lower than the national average due to cost of living differences.

Is a Economics degree worth it in Chesapeake?

A Economics degree in Chesapeake has an estimated ROI payback period of 3.1 years, with a projected lifetime return of $688,120 after subtracting education costs. With 12 colleges in the area and average public tuition of $11,558/year, Chesapeake offers affordable options for this degree. The local unemployment rate of 3.8% and the major's national unemployment rate of 3.2% should also factor into your decision.

How much does it cost to study Economics in Chesapeake?

The average annual public university tuition in Chesapeake is $11,558, while private universities average $19,500/year. Including room and board ($9,787/year), total 4-year costs range from $85,380 at a public school to $117,148 at a private institution. Average financial aid per student in Chesapeake is $9,853/year.

What jobs can Economics graduates get in Chesapeake?

Economics graduates in Chesapeake can pursue careers as Economist, Policy Analyst, Financial Analyst. Key skills valued by local employers include Econometrics, Statistical Analysis, Economic Modeling, Policy Analysis. The Chesapeake job market features Financial services, Consulting firms, Fortune 500 companies among the top hiring sectors for this field. National top employers include Federal Reserve, World Bank, McKinsey.

How long to pay off student loans for Economics in Chesapeake?

With a standard 10-year repayment plan at 6.5% interest, Economics graduates in Chesapeake would pay $969/month on an estimated $85,380 in loans, with $30,957 in total interest. An aggressive 5-year plan would require $1,671/month but save $16,103 in interest. With a COL-adjusted starting salary of $59,150, monthly payments would represent 20% of gross monthly income.

Economics Degree in Chesapeake, VA — Salary & ROI 2026

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

Starting Salary

$59K

COL-adjusted

Mid-Career

$91K

COL-adjusted

ROI Payback

3.1 yrs

in Chesapeake

Cost of Living

index (100 = avg)

Economics in Chesapeake, VA Overview

Chesapeake, Virginia (pop. 249,422) has 12 colleges offering Economics programs. The local cost of living index of 91 is near the national average, with average rent near campus at $850/month. Economics enrollment is stable nationwide, with steady demand for graduates skilled in Econometrics and Statistical Analysis. The adjusted starting salary in Chesapeake is approximately $59,150, growing to $91,000 by mid-career.

Economics Salary in Chesapeake (COL-Adjusted)

Salaries adjusted for Chesapeake's cost of living index of 91 (national average = 100).

Entry Level (0-2 yrs)

$59,150($-5,850 vs national)

Mid Career (5-9 yrs)

$91,000($-9,000 vs national)

Senior Level (15+ yrs)

$118,300($-11,700 vs national)

Note: National average Economics salary: $65,000 starting, $100,000 mid-career, $130,000 senior level.Chesapeake adjustment factor: 0.91x based on the local cost of living index.

Economics ROI Calculator for Chesapeake

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

Annual Tuition ($)

Public avg: $11,558 | Private avg: $19,500

Years of Study

Annual Financial Aid ($)

Chesapeake avg aid: $9,853/yr

Student Loan Rate (%)

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

Total Education Cost

$85,380

tuition + room & board - aid

Annual Earnings Premium

$27,300

vs HS diploma in Chesapeake

ROI Payback Period

3.1 years

to break even

Lifetime Return in Chesapeake

$688,120

Lifetime earnings premium ($773,500) minus total education cost ($85,380)

Student Loan Payoff for Economics in Chesapeake

Standard Plan (10 years)

Loan Amount$85,380

Monthly Payment$969

Total Interest$30,957

% of Monthly Income20%

Aggressive Plan (5 years)

Loan Amount$85,380

Monthly Payment$1,671

Total Interest$14,853

Interest Savings$16,103

Colleges in Chesapeake for Economics

South University Virginia Beach

private

$19,500/yr

$78,000 total

Community Colleges (2-Year Transfer)

Tidewater Community College Chesapeake

$5,340/yr

Top Employers for Economics in Chesapeake

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

Federal ReserveWorld BankMcKinseyGoldman SachsIMF

Key Chesapeake Hiring Sectors for Business

Financial services

Consulting firms

Fortune 500 companies

Startups

Marketing agencies

Common Economics Job Titles

EconomistPolicy AnalystFinancial Analyst

Economics in Nearby Virginia Cities

Virginia Beach, VA

$57K starting · COL 88

13 colleges

Arlington, VA

$93K starting · COL 142.5

9 colleges

Norfolk, VA

$60K starting · COL 93

16 colleges

Richmond, VA

$65K starting · COL 100

11 colleges

Newport News, VA

$60K starting · COL 92.5

7 colleges

Alexandria, VA

$66K starting · COL 102

8 colleges

Hampton, VA

$63K starting · COL 97

7 colleges

Roanoke, VA

$58K starting · COL 88.5

4 colleges

Other Business Majors in Chesapeake

Business Analytics

$71K starting · 2 yr ROI

Finance

$64K starting · 3.5 yr ROI

Information Systems

$46K starting · 3.3 yr ROI

Supply Chain Management

$46K starting · 3.5 yr ROI

Operations Management

$46K starting · 3.8 yr ROI

Accounting

$56K starting · 3.8 yr ROI

Real Estate

$46K starting · 4 yr ROI

Business Administration

$53K starting · 4.2 yr ROI

Methodology & Education Data Sources

How we calculate Economics degree outcomes in Chesapeake, 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 Economics 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 Chesapeake 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 Economics 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 — Economics 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 Economics 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 Chesapeake 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.

Economics Degree in Chesapeake — 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 Chesapeake.

Economics Overview Colleges in Chesapeake All Majors