Economics Degree in New York City, NY — Salary & ROI 2026
Economics degree analysis for New York City, NY. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$108K
COL-adjusted
Mid-Career
$166K
COL-adjusted
ROI Payback
2.1 yrs
in New York City
Cost of Living
166
index (100 = avg)
Economics in New York City, NY Overview
New York City is one of New York's top college towns, with 49 institutions and a student population of 741,375. Public tuition averages $7,340/year here — well below the national average, making it a cost-effective choice. Economics enrollment is stable nationwide, with steady demand for graduates skilled in Econometrics and Statistical Analysis. The adjusted starting salary in New York City is approximately $107,900, growing to $166,000 by mid-career.
Category
Business
Local Colleges
49
Public Tuition
$7,340/yr
Private Tuition
$61,846/yr
Room & Board
$18,386/yr
Avg Fin. Aid
$15,784/yr
Unemployment
5.7%
Graduation Rate
70%
Economics Salary in New York City (COL-Adjusted)
Salaries adjusted for New York City's cost of living index of 166 (national average = 100).
Note: National average Economics salary: $65,000 starting, $100,000 mid-career, $130,000 senior level.New York City adjustment factor: 1.66x based on the local cost of living index.
Economics ROI Calculator for New York City
Estimate your return on investment for a Economics degree using local New York City tuition and cost of living data.
Public avg: $7,340 | Private avg: $61,846
New York City avg aid: $15,784/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$102,904
tuition + room & board - aid
Annual Earnings Premium
$49,800
vs HS diploma in New York City
ROI Payback Period
2.1 years
to break even
Lifetime Return in New York City
$1,308,096
Lifetime earnings premium ($1,411,000) minus total education cost ($102,904)
Student Loan Payoff for Economics in New York City
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in New York City for Economics
New York University
private
$58,168/yr
$232,672 total
Columbia University
private
$65,524/yr
$262,096 total
CUNY
public
$7,340/yr
$29,360 total
Community Colleges (2-Year Transfer)
BMCC
$5,218/yr
Top Employers for Economics in New York City
New York City offers opportunities in Financial services, Consulting firms, Fortune 500 companies for Economics graduates. National top employers in this field include:
Key New York City Hiring Sectors for Business
Financial services
Consulting firms
Fortune 500 companies
Startups
Marketing agencies
Common Economics Job Titles
Economics in Nearby New York Cities
New York, NY
$122K starting · COL 187.2
279 colleges
Oyster Bay, NY
$94K starting · COL 145
11 colleges
Buffalo, NY
$79K starting · COL 122
10 colleges
North Hempstead, NY
$92K starting · COL 141.3
9 colleges
Babylon, NY
$99K starting · COL 152.3
8 colleges
Yonkers, NY
$94K starting · COL 145.3
8 colleges
Rochester, NY
$91K starting · COL 140
13 colleges
Huntington, NY
$88K starting · COL 135.6
8 colleges
Other Business Majors in New York City
Business Analytics
$129K starting · 2 yr ROI
Finance
$116K starting · 3.5 yr ROI
Information Systems
$83K starting · 3.3 yr ROI
Supply Chain Management
$83K starting · 3.5 yr ROI
Operations Management
$83K starting · 3.8 yr ROI
Accounting
$103K starting · 3.8 yr ROI
Real Estate
$83K starting · 4 yr ROI
Business Administration
$96K starting · 4.2 yr ROI
Methodology & Education Data Sources
How we calculate Economics degree outcomes in New York City, NY: 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 New York.
- Career salary projections based on BLS Occupational Employment and Wage Statistics, with cost-of-living adjustments for New York City 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 New York City Students
Beyond federal aid (FAFSA), New York 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:
Pell Grant up to $7,395/yr (2026-27). Subsidized loans at 6.53% (academic year 25-26):
State-specific grants stack with federal aid:
- • USA.gov — New York programs
- • NASFAA — State Aid Programs
- • Search "new york higher education commission grants"
Verify earnings + debt before enrolling:
- • College Scorecard — earnings, debt, completion
- • NCES College Navigator
- • IPEDS Net Price Calculator Center
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 New York City — 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 New York City.