Psychology Degree in Franklin, TN — Salary & ROI 2026
Psychology degree analysis for Franklin, TN. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$52K
COL-adjusted
Mid-Career
$77K
COL-adjusted
ROI Payback
9.7 yrs
in Franklin
Cost of Living
118.5
index (100 = avg)
Psychology in Franklin, TN Overview
While Franklin has a smaller college scene with 4 institutions, Psychology students benefit from lower tuition costs. Room and board averages $15,807/year, and the car-friendly layout shapes the student experience. Psychology enrollment is stable nationwide, with steady demand for graduates skilled in Research Methods and Statistics. The adjusted starting salary in Franklin is approximately $52,140.
Category
Social Sciences
Local Colleges
4
Public Tuition
$10,100/yr
Private Tuition
$32,000/yr
Room & Board
$15,807/yr
Avg Fin. Aid
$15,962/yr
Unemployment
3.6%
Graduation Rate
56%
Psychology Salary in Franklin (COL-Adjusted)
Salaries adjusted for Franklin's cost of living index of 118.5 (national average = 100).
Note: National average Psychology salary: $44,000 starting, $65,000 mid-career, $82,000 senior level.Franklin adjustment factor: 1.19x based on the local cost of living index.
Psychology ROI Calculator for Franklin
Estimate your return on investment for a Psychology degree using local Franklin tuition and cost of living data.
Public avg: $10,100 | Private avg: $32,000
Franklin avg aid: $15,962/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$103,628
tuition + room & board - aid
Annual Earnings Premium
$10,665
vs HS diploma in Franklin
ROI Payback Period
9.7 years
to break even
Lifetime Return in Franklin
$275,572
Lifetime earnings premium ($379,200) minus total education cost ($103,628)
Student Loan Payoff for Psychology in Franklin
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Franklin for Psychology
Franklin State University
public
$10,603/yr
$42,412 total
Community Colleges (2-Year Transfer)
Franklin Community College
$5,615/yr
Top Employers for Psychology in Franklin
Franklin offers opportunities in Government agencies, Non-profits, Research institutes for Psychology graduates. National top employers in this field include:
Key Franklin Hiring Sectors for Social Sciences
Government agencies
Non-profits
Research institutes
Social services
Consulting
Common Psychology Job Titles
Psychology in Nearby Tennessee Cities
Nashville, TN
$40K starting · COL 92
35 colleges
Memphis, TN
$41K starting · COL 93
22 colleges
Knoxville, TN
$37K starting · COL 85
5 colleges
Chattanooga, TN
$35K starting · COL 80
5 colleges
Clarksville, TN
$40K starting · COL 90
9 colleges
Murfreesboro, TN
$40K starting · COL 91
10 colleges
Jackson, TN
$36K starting · COL 82.5
3 colleges
Johnson City, TN
$46K starting · COL 105
6 colleges
Other Social Sciences Majors in Franklin
International Relations
$59K starting · 5 yr ROI
Political Science
$57K starting · 5.5 yr ROI
Urban Planning
$59K starting · 5 yr ROI
Geography
$59K starting · 5.5 yr ROI
Forensic Science
$59K starting · 4.8 yr ROI
Sustainability Studies
$59K starting · 5.8 yr ROI
Criminal Justice
$59K starting · 5 yr ROI
Sociology
$52K starting · 6.5 yr ROI
Psychology Degree in Franklin — 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 Psychology ROI in other cities, or explore other majors in Franklin.