Economics Degree in Parma, OH — Salary & ROI 2026
Economics degree analysis for Parma, OH. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$59K
COL-adjusted
Mid-Career
$90K
COL-adjusted
ROI Payback
3.7 yrs
in Parma
Cost of Living
90
index (100 = avg)
Economics in Parma, OH Overview
While Parma has a smaller college scene with 4 institutions, Economics students benefit from lower tuition costs. Room and board averages $13,857/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 Parma is approximately $58,500, growing to $90,000 by mid-career.
Category
Business
Local Colleges
4
Public Tuition
$11,000/yr
Private Tuition
$34,000/yr
Room & Board
$13,857/yr
Avg Fin. Aid
$15,347/yr
Unemployment
4.1%
Graduation Rate
62%
Economics Salary in Parma (COL-Adjusted)
Salaries adjusted for Parma's cost of living index of 90 (national average = 100).
Note: National average Economics salary: $65,000 starting, $100,000 mid-career, $130,000 senior level.Parma adjustment factor: 0.90x based on the local cost of living index.
Economics ROI Calculator for Parma
Estimate your return on investment for a Economics degree using local Parma tuition and cost of living data.
Public avg: $11,000 | Private avg: $34,000
Parma avg aid: $15,347/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$99,428
tuition + room & board - aid
Annual Earnings Premium
$27,000
vs HS diploma in Parma
ROI Payback Period
3.7 years
to break even
Lifetime Return in Parma
$665,572
Lifetime earnings premium ($765,000) minus total education cost ($99,428)
Student Loan Payoff for Economics in Parma
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Parma for Economics
Parma State University
public
$10,847/yr
$43,388 total
Community Colleges (2-Year Transfer)
Parma Community College
$5,562/yr
Top Employers for Economics in Parma
Parma offers opportunities in Financial services, Consulting firms, Fortune 500 companies for Economics graduates. National top employers in this field include:
Key Parma Hiring Sectors for Business
Financial services
Consulting firms
Fortune 500 companies
Startups
Marketing agencies
Common Economics Job Titles
Economics in Nearby Ohio Cities
Columbus, OH
$67K starting · COL 103
31 colleges
Cleveland, OH
$62K starting · COL 96
20 colleges
Cincinnati, OH
$66K starting · COL 102
28 colleges
Toledo, OH
$70K starting · COL 108
16 colleges
Akron, OH
$68K starting · COL 105
5 colleges
Dayton, OH
$68K starting · COL 104
9 colleges
Canton, OH
$55K starting · COL 84
4 colleges
Lorain, OH
$55K starting · COL 85.2
3 colleges
Other Business Majors in Parma
Business Analytics
$70K starting · 2 yr ROI
Finance
$63K starting · 3.5 yr ROI
Information Systems
$45K starting · 3.3 yr ROI
Supply Chain Management
$45K starting · 3.5 yr ROI
Operations Management
$45K starting · 3.8 yr ROI
Accounting
$56K starting · 3.8 yr ROI
Real Estate
$45K starting · 4 yr ROI
Business Administration
$52K starting · 4.2 yr ROI
Economics Degree in Parma — 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 Parma.