Economics at Appalachian State University
Bachelor's Degree
Analysis
Appalachian State's economics program starts exceptionally slow but finishes near the middle of the pack. That first-year salary of $33,742 ranks in just the 5th percentile nationally—meaning 95% of economics programs nationwide produce better immediate outcomes. Even within North Carolina, where this program lands at the 25th percentile, it trails the state median by nearly $13,000. The debt load of $21,894 is reasonable and slightly below both state and national averages, but it still represents two-thirds of that anemic starting salary.
The silver lining is substantial earnings growth: graduates see a 74% increase by year four, reaching $58,848. That puts them roughly on par with the national 75th percentile and competitive with programs like Wake Forest. This trajectory suggests the degree opens doors that take time to walk through—perhaps graduates need additional credentials, networking, or job market experience to reach their earning potential. For an anxious parent, the question is whether your student can weather those first few lean years, likely with continued financial support.
The practical reality: if your child needs to be financially independent quickly after graduation, this program makes that difficult. The modest debt helps, but that sub-$34,000 starting salary in today's economy means they'll struggle with rent, loan payments, and basic expenses. If you can provide a runway for career development, the four-year outcomes become much more acceptable.
Where Appalachian State University Stands
Earnings vs. debt across all economics bachelors's programs nationally
Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.
Earnings Distribution
How Appalachian State University graduates compare to all programs nationally
Appalachian State University graduates earn $34k, placing them in the 5th percentile of all economics bachelors programs nationally.
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.
Compare to Similar Programs in North Carolina
Economics bachelors's programs at peer institutions in North Carolina (26 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Appalachian State University | $33,742 | $58,848 | $21,894 | 0.65 |
| Duke University | $98,649 | $153,139 | $13,437 | 0.14 |
| Elon University | $69,298 | $73,684 | $19,500 | 0.28 |
| University of North Carolina at Chapel Hill | $65,344 | $79,084 | $15,843 | 0.24 |
| Wake Forest University | $56,416 | $91,751 | $20,927 | 0.37 |
| East Carolina University | $46,425 | $56,602 | $25,375 | 0.55 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in North Carolina
Compare tuition, earnings, and debt across North Carolina schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| Duke University Durham | $65,805 | $98,649 | $13,437 |
| Elon University Elon | $44,536 | $69,298 | $19,500 |
| University of North Carolina at Chapel Hill Chapel Hill | $8,989 | $65,344 | $15,843 |
| Wake Forest University Winston-Salem | $64,758 | $56,416 | $20,927 |
| East Carolina University Greenville | $7,361 | $46,425 | $25,375 |
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Appalachian State University, approximately 26% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 36 graduates with reported earnings and 37 graduates with debt data. Small samples may not be representative.