Physics Degree in Evansville, IN — Salary & ROI 2026
Physics degree analysis for Evansville, IN. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$53K
COL-adjusted
Mid-Career
$90K
COL-adjusted
ROI Payback
3.4 yrs
in Evansville
Cost of Living
86
index (100 = avg)
Physics in Evansville, IN Overview
Evansville, Indiana (pop. 117,298) has 10 colleges offering Physics programs. The local cost of living index of 86 keeps student expenses low, with average rent near campus at $974/month. Physics enrollment is stable nationwide, with steady demand for graduates skilled in Quantum Mechanics and Thermodynamics. The adjusted starting salary in Evansville is approximately $53,320, growing to $90,300 by mid-career.
Category
STEM
Local Colleges
10
Public Tuition
$8,448/yr
Private Tuition
$42,316/yr
Room & Board
$11,425/yr
Avg Fin. Aid
$12,482/yr
Unemployment
4.8%
Graduation Rate
57%
Physics Salary in Evansville (COL-Adjusted)
Salaries adjusted for Evansville's cost of living index of 86 (national average = 100).
Note: National average Physics salary: $62,000 starting, $105,000 mid-career, $130,000 senior level.Evansville adjustment factor: 0.86x based on the local cost of living index.
Physics ROI Calculator for Evansville
Estimate your return on investment for a Physics degree using local Evansville tuition and cost of living data.
Public avg: $8,448 | Private avg: $42,316
Evansville avg aid: $12,482/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$79,492
tuition + room & board - aid
Annual Earnings Premium
$23,220
vs HS diploma in Evansville
ROI Payback Period
3.4 years
to break even
Lifetime Return in Evansville
$565,508
Lifetime earnings premium ($645,000) minus total education cost ($79,492)
Student Loan Payoff for Physics in Evansville
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Evansville for Physics
University of Evansville
private
$42,316/yr
$169,264 total
University of Southern Indiana
public
$8,448/yr
$33,792 total
Community Colleges (2-Year Transfer)
Ivy Tech Community College Evansville
$4,540/yr
Top Employers for Physics in Evansville
Evansville offers opportunities in Tech companies, Research labs, Government agencies for Physics graduates. National top employers in this field include:
Key Evansville Hiring Sectors for STEM
Tech companies
Research labs
Government agencies
Startups
Consulting firms
Common Physics Job Titles
Physics in Nearby Indiana Cities
Indianapolis, IN
$58K starting · COL 94
25 colleges
Fort Wayne, IN
$64K starting · COL 103
24 colleges
South Bend, IN
$55K starting · COL 89
9 colleges
Carmel, IN
$65K starting · COL 105.2
4 colleges
Fishers, IN
$62K starting · COL 100.5
4 colleges
Bloomington, IN
$51K starting · COL 83
5 colleges
Hammond, IN
$58K starting · COL 93.1
4 colleges
Lafayette, IN
$53K starting · COL 84.8
3 colleges
Other STEM Majors in Evansville
Prompt Engineering
$43K starting · 1.5 yr ROI
Computational Linguistics
$82K starting · 2 yr ROI
Computer Science
$73K starting · 2.8 yr ROI
Software Engineering
$76K starting · 2.7 yr ROI
Data Science
$71K starting · 3 yr ROI
Actuarial Science
$43K starting · 3 yr ROI
Cybersecurity
$69K starting · 3 yr ROI
Robotics Engineering
$43K starting · 3 yr ROI
Physics Degree in Evansville — 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 Evansville.