Psychology Degree in Madison, WI — Salary & ROI 2026
Psychology degree analysis for Madison, WI. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$39K
COL-adjusted
Mid-Career
$58K
COL-adjusted
ROI Payback
11.3 yrs
in Madison
Cost of Living
89
index (100 = avg)
Psychology in Madison, WI Overview
Madison, Wisconsin (pop. 269,840) has 11 colleges offering Psychology programs. The local cost of living index of 89 keeps student expenses low, with average rent near campus at $902/month. Psychology enrollment is stable nationwide, with steady demand for graduates skilled in Research Methods and Statistics. The adjusted starting salary in Madison is approximately $39,160.
Category
Social Sciences
Local Colleges
11
Public Tuition
$10,725/yr
Private Tuition
$33,350/yr
Room & Board
$11,942/yr
Avg Fin. Aid
$15,815/yr
Unemployment
5.7%
Graduation Rate
73%
Psychology Salary in Madison (COL-Adjusted)
Salaries adjusted for Madison's cost of living index of 89 (national average = 100).
Note: National average Psychology salary: $44,000 starting, $65,000 mid-career, $82,000 senior level.Madison adjustment factor: 0.89x based on the local cost of living index.
Psychology ROI Calculator for Madison
Estimate your return on investment for a Psychology degree using local Madison tuition and cost of living data.
Public avg: $10,725 | Private avg: $33,350
Madison avg aid: $15,815/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$90,668
tuition + room & board - aid
Annual Earnings Premium
$8,010
vs HS diploma in Madison
ROI Payback Period
11.3 years
to break even
Lifetime Return in Madison
$194,132
Lifetime earnings premium ($284,800) minus total education cost ($90,668)
Student Loan Payoff for Psychology in Madison
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Madison for Psychology
University of Wisconsin-Madison
public
$10,725/yr
$42,900 total
Edgewood College
private
$33,350/yr
$133,400 total
Community Colleges (2-Year Transfer)
Madison Area Technical College
$4,632/yr
Top Employers for Psychology in Madison
Madison offers opportunities in Government agencies, Non-profits, Research institutes for Psychology graduates. National top employers in this field include:
Key Madison Hiring Sectors for Social Sciences
Government agencies
Non-profits
Research institutes
Social services
Consulting
Common Psychology Job Titles
Psychology in Nearby Wisconsin Cities
Milwaukee, WI
$41K starting · COL 94
33 colleges
Green Bay, WI
$38K starting · COL 86
6 colleges
Kenosha, WI
$47K starting · COL 106
8 colleges
Racine, WI
$38K starting · COL 85.8
4 colleges
Appleton, WI
$35K starting · COL 79
6 colleges
Waukesha, WI
$40K starting · COL 90.5
3 colleges
Eau Claire, WI
$38K starting · COL 86
2 colleges
Oshkosh, WI
$47K starting · COL 107
3 colleges
Other Social Sciences Majors in Madison
International Relations
$45K starting · 5 yr ROI
Political Science
$43K starting · 5.5 yr ROI
Urban Planning
$45K starting · 5 yr ROI
Geography
$45K starting · 5.5 yr ROI
Forensic Science
$45K starting · 4.8 yr ROI
Sustainability Studies
$45K starting · 5.8 yr ROI
Criminal Justice
$45K starting · 5 yr ROI
Sociology
$39K starting · 6.5 yr ROI
Psychology Degree in Madison — 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 Madison.