Psychology Degree in Richmond, VA — Salary & ROI 2026

Psychology in Richmond, VA Overview

Richmond, Virginia (pop. 226,610) has 11 colleges offering Psychology programs. The local cost of living index of 100 is near the national average, with average rent near campus at $737/month. Psychology enrollment is stable nationwide, with steady demand for graduates skilled in Research Methods and Statistics. The adjusted starting salary in Richmond is approximately $44,000.

Psychology Salary in Richmond (COL-Adjusted)

Salaries adjusted for Richmond's cost of living index of 100 (national average = 100).

Psychology ROI Calculator for Richmond

Estimate your return on investment for a Psychology degree using local Richmond tuition and cost of living data.

Student Loan Payoff for Psychology in Richmond

Colleges in Richmond for Psychology

Community Colleges (2-Year Transfer)

Top Employers for Psychology in Richmond

Richmond offers opportunities in Government agencies, Non-profits, Research institutes for Psychology graduates. National top employers in this field include:

Key Richmond Hiring Sectors for Social Sciences

Common Psychology Job Titles

Psychology in Nearby Virginia Cities

Other Social Sciences Majors in Richmond

Methodology & Education Data Sources

How we calculate Psychology degree outcomes in Richmond, VA: Our salary projections, ROI estimates, and tuition data combine multiple federal datasets to provide a localized view of education economics. We use a 10-year career-trajectory model standard in higher education research.

1. Tuition data sourced from IPEDS (Integrated Postsecondary Education Data System), the federal education statistics database operated by NCES. Average tuition for Psychology programs reflects 4-year public/private weighted averages for Virginia.
2. Career salary projections based on BLS Occupational Employment and Wage Statistics, with cost-of-living adjustments for Richmond using regional CPI data.
3. 10-year ROI calculates: (Total Career Earnings With Degree) − (Total Career Earnings Without Degree) − (Total Education Cost Including Interest on Loans).
4. Job market outlook for Psychology graduates uses BLS Occupational Outlook Handbook 10-year projections (2024-2034 base period).
5. Default rates and loan data sourced from College Scorecard (US Department of Education), which tracks repayment outcomes by institution.

Authoritative US education data sources:

• IPEDS — Integrated Postsecondary Education Data — official federal college data
• College Scorecard (US Dept of Education) — earnings, debt, completion rates
• BLS Occupational Outlook Handbook — Psychology career projections
• Federal Student Aid (FAFSA) — official US student loan and grant info
• NCES Digest of Education Statistics — comprehensive education data
• BLS Occupational Employment and Wages — entry-level salary data for Psychology grads

Education Disclaimer: Salary and ROI estimates are projections based on national and state-level averages. Individual outcomes depend on institution prestige, GPA, internships, location, network, and economic conditions. Always verify current tuition with the institution directly, and consult a financial aid counselor before taking on student loans. Use the Federal Loan Simulator to model repayment scenarios.

Reviewed by Brazora Monk · Last updated 2026 · IPEDS & BLS data current as of latest annual release

Financial Aid Resources for Richmond Students

Beyond federal aid (FAFSA), Virginia students have access to state-specific grants, scholarships, and tuition assistance programs. The 2026-27 FAFSA also added a new Low Earnings Indicator (Dec 2025) flagging programs where graduates earn less than non-college peers — check your target school's status:

2026-27 FAFSA tip: The new Low Earnings Indicator flags programs where graduates earn less than non-graduates. Check this before enrolling. Speak with a NASFAA-credentialed financial aid counselor at your target school.

Psychology Degree in Richmond — FAQ