College ROI for Students in Salem city, VA

Is college worth it in Salem city? Here's the financial analysis.

Public In-State/yr

$21,889

Public Out-of-State/yr

$38,463

Private/yr

$54,932

Payback Period

2 yrs

ROI Comparison

4-Year Public University

Total Cost (4 yrs)$87,556
Annual Earnings Premium$44,461
Payback Period2 years

20-Year Net Return$801,664

4-Year Private University

Total Cost (4 yrs)$219,728
Annual Earnings Premium$51,130
Payback Period4.3 years

20-Year Net Return$802,875

About Salem city, Virginia

Salem city in Virginia has a median household income of $68,402 and a population of 25,372. 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 Virginia

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.