Physics Degree in Elgin, IL — Salary & ROI 2026
Physics degree analysis for Elgin, IL. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$49K
COL-adjusted
Mid-Career
$83K
COL-adjusted
ROI Payback
3.8 yrs
in Elgin
Cost of Living
79
index (100 = avg)
Physics in Elgin, IL Overview
Elgin, Illinois (pop. 114,797) has 13 colleges offering Physics programs. The local cost of living index of 79 keeps student expenses low, with average rent near campus at $1,008/month. Physics enrollment is stable nationwide, with steady demand for graduates skilled in Quantum Mechanics and Thermodynamics. The adjusted starting salary in Elgin is approximately $48,980, growing to $82,950 by mid-career.
Category
STEM
Local Colleges
13
Public Tuition
$10,014/yr
Private Tuition
$30,900/yr
Room & Board
$9,983/yr
Avg Fin. Aid
$15,897/yr
Unemployment
4.7%
Graduation Rate
47%
Physics Salary in Elgin (COL-Adjusted)
Salaries adjusted for Elgin's cost of living index of 79 (national average = 100).
Note: National average Physics salary: $62,000 starting, $105,000 mid-career, $130,000 senior level.Elgin adjustment factor: 0.79x based on the local cost of living index.
Physics ROI Calculator for Elgin
Estimate your return on investment for a Physics degree using local Elgin tuition and cost of living data.
Public avg: $10,014 | Private avg: $30,900
Elgin avg aid: $15,897/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$79,988
tuition + room & board - aid
Annual Earnings Premium
$21,330
vs HS diploma in Elgin
ROI Payback Period
3.8 years
to break even
Lifetime Return in Elgin
$512,512
Lifetime earnings premium ($592,500) minus total education cost ($79,988)
Student Loan Payoff for Physics in Elgin
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Elgin for Physics
Judson University
private
$30,900/yr
$123,600 total
Community Colleges (2-Year Transfer)
Elgin Community College
$4,980/yr
Top Employers for Physics in Elgin
Elgin offers opportunities in Tech companies, Research labs, Government agencies for Physics graduates. National top employers in this field include:
Key Elgin Hiring Sectors for STEM
Tech companies
Research labs
Government agencies
Startups
Consulting firms
Common Physics Job Titles
Physics in Nearby Illinois Cities
Chicago, IL
$68K starting · COL 109
98 colleges
Aurora, IL
$58K starting · COL 92.8
7 colleges
Joliet, IL
$67K starting · COL 108
12 colleges
Naperville, IL
$63K starting · COL 102
13 colleges
Rockford, IL
$56K starting · COL 90
8 colleges
Springfield, IL
$57K starting · COL 92
9 colleges
Peoria, IL
$64K starting · COL 104
5 colleges
Waukegan, IL
$56K starting · COL 90.3
4 colleges
Other STEM Majors in Elgin
Prompt Engineering
$40K starting · 1.5 yr ROI
Computational Linguistics
$75K starting · 2 yr ROI
Computer Science
$67K starting · 2.8 yr ROI
Software Engineering
$70K starting · 2.7 yr ROI
Data Science
$65K starting · 3 yr ROI
Actuarial Science
$40K starting · 3 yr ROI
Cybersecurity
$63K starting · 3 yr ROI
Robotics Engineering
$40K starting · 3 yr ROI
Physics Degree in Elgin — 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 Physics ROI in other cities, or explore other majors in Elgin.