Analysis
Based on comparable economics programs across New York, Farmingdale State appears to deliver middle-of-the-road results at a reasonable price. The estimated $50,000 first-year salary aligns almost exactly with the state median for economics degrees, while the projected $20,000 debt load sits slightly below typical state and national figures. That 0.40 debt-to-earnings ratio—where total debt equals less than half a year's salary—suggests manageable repayment for most graduates.
The gap between Farmingdale's outcomes and New York's elite private colleges is enormous, with top programs producing starting salaries approaching $80,000-$85,000. But this comparison misses the point: those schools cost dramatically more and serve a different student population. For a family considering a bachelor's in economics at a public college with a 69% admission rate and meaningful Pell enrollment, Farmingdale represents accessible economics training at a realistic cost.
The practical calculation here is straightforward. If peer programs are any guide, your child would likely start earning around $50,000 while owing about $20,000—a debt burden that shouldn't derail their financial future. The uncertainty lies in whether Farmingdale's specific program matches its state peers in quality and employment connections. Visit campus, talk to current students about internship placement, and ask where recent graduates actually landed jobs before committing.
Where Farmingdale State College Stands
Earnings vs. debt across all economics bachelors's programs nationally
Compare to Similar Programs in New York
Economics bachelors's programs at peer institutions in New York (74 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $8,576 | $50,059* | — | $20,072* | — | |
| $66,246 | $85,860* | $103,309 | $16,750* | 0.20 | |
| $66,014 | $84,967* | $107,248 | $15,500* | 0.18 | |
| $69,045 | $83,135* | $117,355 | $25,000* | 0.30 | |
| $67,805 | $79,845* | $81,561 | $19,000* | 0.24 | |
| $67,024 | $77,274* | $103,456 | $17,500* | 0.23 | |
| National Median | — | $51,722* | — | $22,816* | 0.44 |
Career Paths
Occupations commonly associated with economics graduates
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Statisticians
Biostatisticians
Economics Teachers, Postsecondary
Market Research Analysts and Marketing Specialists
Search Marketing Strategists
Secondary School Teachers, Except Special and Career/Technical Education
Survey Researchers
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 Farmingdale State College, approximately 36% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 36 similar programs in NY. Actual outcomes may vary.