Economics Degree in Hammond, IN — Salary & ROI 2026
Economics degree analysis for Hammond, IN. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$61K
COL-adjusted
Mid-Career
$93K
COL-adjusted
ROI Payback
3.5 yrs
in Hammond
Cost of Living
93.1
index (100 = avg)
Economics in Hammond, IN Overview
While Hammond has a smaller college scene with 4 institutions, Economics students benefit from lower tuition costs. Room and board averages $14,156/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 Hammond is approximately $60,515, growing to $93,100 by mid-career.
Category
Business
Local Colleges
4
Public Tuition
$10,200/yr
Private Tuition
$34,000/yr
Room & Board
$14,156/yr
Avg Fin. Aid
$8,320/yr
Unemployment
2.5%
Graduation Rate
61%
Economics Salary in Hammond (COL-Adjusted)
Salaries adjusted for Hammond's cost of living index of 93.1 (national average = 100).
Note: National average Economics salary: $65,000 starting, $100,000 mid-career, $130,000 senior level.Hammond adjustment factor: 0.93x based on the local cost of living index.
Economics ROI Calculator for Hammond
Estimate your return on investment for a Economics degree using local Hammond tuition and cost of living data.
Public avg: $10,200 | Private avg: $34,000
Hammond avg aid: $8,320/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$97,424
tuition + room & board - aid
Annual Earnings Premium
$27,930
vs HS diploma in Hammond
ROI Payback Period
3.5 years
to break even
Lifetime Return in Hammond
$693,926
Lifetime earnings premium ($791,350) minus total education cost ($97,424)
Student Loan Payoff for Economics in Hammond
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Hammond for Economics
Hammond State University
public
$10,029/yr
$40,116 total
Community Colleges (2-Year Transfer)
Hammond Community College
$5,524/yr
Top Employers for Economics in Hammond
Hammond offers opportunities in Financial services, Consulting firms, Fortune 500 companies for Economics graduates. National top employers in this field include:
Key Hammond Hiring Sectors for Business
Financial services
Consulting firms
Fortune 500 companies
Startups
Marketing agencies
Common Economics Job Titles
Economics in Nearby Indiana Cities
Indianapolis, IN
$61K starting · COL 94
25 colleges
Fort Wayne, IN
$67K starting · COL 103
24 colleges
Evansville, IN
$56K starting · COL 86
10 colleges
South Bend, IN
$58K starting · COL 89
9 colleges
Carmel, IN
$68K starting · COL 105.2
4 colleges
Fishers, IN
$65K starting · COL 100.5
4 colleges
Bloomington, IN
$54K starting · COL 83
5 colleges
Lafayette, IN
$55K starting · COL 84.8
3 colleges
Other Business Majors in Hammond
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 Hammond — 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 Hammond.