Economics at Iowa State University
Bachelor's Degree
Analysis
Iowa State's economics graduates start at $57,619—significantly above both the national median ($51,722) and the Iowa median ($49,314). Among Iowa's 17 economics programs, this performance places it in the 60th percentile, comfortably ahead of peer institutions like University of Iowa and Grinnell College. The debt load of $23,414 is essentially average, creating a favorable debt-to-earnings ratio of 0.41 that means graduates can realistically pay down their loans within the first few years of employment.
What's particularly encouraging is the earnings trajectory: graduates see 23% income growth by year four, reaching $70,764. This isn't an early peak—it's a steady climb that suggests the degree builds marketable skills that employers increasingly value. The moderate sample size means these numbers reflect a real cohort, not an outlier or two.
For Iowa families, this represents solid value, especially considering Iowa State's 89% admission rate makes it accessible to most applicants. Your child gets competitive starting salaries without the premium debt load of private alternatives, and the clear upward earnings path suggests the economics major translates well into career progression. It's a straightforward investment with predictable returns.
Where Iowa 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 Iowa State University graduates compare to all programs nationally
Iowa State University graduates earn $58k, placing them in the 70th 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 Iowa
Economics bachelors's programs at peer institutions in Iowa (17 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Iowa State University | $57,619 | $70,764 | $23,414 | 0.41 |
| University of Iowa | $50,223 | $66,230 | $22,407 | 0.45 |
| University of Northern Iowa | $49,314 | $69,146 | $17,169 | 0.35 |
| Grinnell College | $46,791 | $67,691 | $16,950 | 0.36 |
| Coe College | $42,311 | — | $27,000 | 0.64 |
| National Median | $51,722 | — | $22,816 | 0.44 |
Other Economics Programs in Iowa
Compare tuition, earnings, and debt across Iowa schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| University of Iowa Iowa City | $10,964 | $50,223 | $22,407 |
| University of Northern Iowa Cedar Falls | $9,728 | $49,314 | $17,169 |
| Grinnell College Grinnell | $64,862 | $46,791 | $16,950 |
| Coe College Cedar Rapids | $52,576 | $42,311 | $27,000 |
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 Iowa State University, approximately 18% 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 45 graduates with reported earnings and 47 graduates with debt data. Small samples may not be representative.