Economics Degree in Duluth, MN — Salary & ROI 2026
Economics degree analysis for Duluth, MN. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$65K
COL-adjusted
Mid-Career
$100K
COL-adjusted
ROI Payback
3.5 yrs
in Duluth
Cost of Living
100
index (100 = avg)
Economics in Duluth, MN Overview
While Duluth has a smaller college scene with 5 institutions, Economics students benefit from the close-knit academic community. Room and board averages $12,662/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 Duluth is approximately $65,000, growing to $100,000 by mid-career.
Category
Business
Local Colleges
5
Public Tuition
$13,872/yr
Private Tuition
$41,612/yr
Room & Board
$12,662/yr
Avg Fin. Aid
$15,990/yr
Unemployment
3.2%
Graduation Rate
64%
Economics Salary in Duluth (COL-Adjusted)
Salaries adjusted for Duluth's cost of living index of 100 (national average = 100).
Note: National average Economics salary: $65,000 starting, $100,000 mid-career, $130,000 senior level.Duluth adjustment factor: 1.00x based on the local cost of living index.
Economics ROI Calculator for Duluth
Estimate your return on investment for a Economics degree using local Duluth tuition and cost of living data.
Public avg: $13,872 | Private avg: $41,612
Duluth avg aid: $15,990/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$106,136
tuition + room & board - aid
Annual Earnings Premium
$30,000
vs HS diploma in Duluth
ROI Payback Period
3.5 years
to break even
Lifetime Return in Duluth
$743,864
Lifetime earnings premium ($850,000) minus total education cost ($106,136)
Student Loan Payoff for Economics in Duluth
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Duluth for Economics
University of Minnesota Duluth
public
$13,872/yr
$55,488 total
College of St. Scholastica
private
$41,612/yr
$166,448 total
Community Colleges (2-Year Transfer)
Lake Superior College
$5,772/yr
Top Employers for Economics in Duluth
Duluth offers opportunities in Financial services, Consulting firms, Fortune 500 companies for Economics graduates. National top employers in this field include:
Key Duluth Hiring Sectors for Business
Financial services
Consulting firms
Fortune 500 companies
Startups
Marketing agencies
Common Economics Job Titles
Economics in Nearby Minnesota Cities
Minneapolis, MN
$63K starting · COL 97
15 colleges
Saint Paul, MN
$66K starting · COL 101.5
11 colleges
St. Paul, MN
$70K starting · COL 108
20 colleges
Rochester, MN
$68K starting · COL 105
8 colleges
Bloomington, MN
$65K starting · COL 100.2
4 colleges
Brooklyn Park, MN
$64K starting · COL 98.8
4 colleges
Plymouth, MN
$70K starting · COL 107.3
4 colleges
Maple Grove, MN
$70K starting · COL 107.4
4 colleges
Other Business Majors in Duluth
Business Analytics
$78K starting · 2 yr ROI
Finance
$70K starting · 3.5 yr ROI
Information Systems
$50K starting · 3.3 yr ROI
Supply Chain Management
$50K starting · 3.5 yr ROI
Operations Management
$50K starting · 3.8 yr ROI
Accounting
$62K starting · 3.8 yr ROI
Real Estate
$50K starting · 4 yr ROI
Business Administration
$58K starting · 4.2 yr ROI
Economics Degree in Duluth — 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 Duluth.