College ROI for Students in Colfax County, NM

Is college worth it in Colfax County? Here's the financial analysis.

Public In-State/yr

$14,812

Public Out-of-State/yr

$26,027

Private/yr

$37,171

Payback Period

2 yrs

ROI Comparison

4-Year Public University

Total Cost (4 yrs)$59,248
Annual Earnings Premium$30,086
Payback Period2 years

20-Year Net Return$542,472

4-Year Private University

Total Cost (4 yrs)$148,684
Annual Earnings Premium$34,599
Payback Period4.3 years

20-Year Net Return$543,294

About Colfax County, New Mexico

Colfax County in New Mexico has a median household income of $46,286 and a population of 12,370. The college earnings premium in this region makes a public university degree pay back in approximately 2 years.

These estimates use regional cost and earnings data. Actual ROI varies enormously by major, institution, completion rate, and career path. Our Monte Carlo simulation models degree-specific outcomes, student loan scenarios, and alternative investment paths.

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Other Counties in New Mexico

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: NCES IPEDS, College Scorecard, Bureau of Labor Statistics. Estimates based on regional data. This is not financial advice.