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2022 Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k

8 Ranked Colleges
143 Degrees Awarded
$31,500 Avg Grad Tuition & Fees*
Best Value Economics Schools for a Master's in Michigan For Those Making $0-$30k

It’s not easy to decide which college to attend when there so many options available for students. College Factual has developed its “Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k” ranking as one item you can use to help make this decision.

Economics is the 18th most popular major in the country with 48,831 degrees awarded in 2019-2020. In 2017-2018, economics graduates who were awarded their degree in 2015-2017, earned an average of $47,295 and had an average of $21,978 in loans still to pay off.

Across Michigan, there were 1,402 economics graduates with average earnings and debt of $41,425 and $23,888 respectively. At the master’s degree level specifically, there were 143 economics graduates with average earnings and debt of $58,608 and $41,198 respectively.

For this year’s “Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k” ranking, we looked at 8 colleges that offer a degree in economics. This ranking identifies schools with high-quality economics programs that also have a lower cost than schools of similar quality.

To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the economics program at the school. For more information, check out our ranking methodology.

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Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k” ranking, along with many other major-related rankings, to help you make that decision.

We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.

Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k

The following schools top our list of the Best Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k.

Top 8 Best Value Master’s Degree Colleges for Economics (Income $0-$30k) in Michigan

#1

University of Michigan - Ann Arbor

Ann Arbor, Michigan
#1 in overall quality
$49,548 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend University of Michigan - Ann Arbor. The school came in at #1 for the Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k. U-M is a large school located in Ann Arbor, Michigan that handed out 63 masters’s economics degrees in 2019-2020.

U-M also made our “Best Economics Master’s Degree Schools in Michigan” list, coming in at #1. Although you might pay more or less depending on your area of study, average graduate tuition and fees at U-M are $49,548.

Full U-M Economics Report

#2

Michigan State University

East Lansing, Michigan
#2 in overall quality
$37,056 Avg Grad Tuition & Fees

Out of the 8 schools in the Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k that were part of this year’s ranking, Michigan State University landed the #2 spot on the list. Michigan State University is a large school located in East Lansing, Michigan that handed out 9 masters’s economics degrees in 2019-2020.

Michigan State not only placed well in this ranking. It is also #2 on our “Best Economics Master’s Degree Schools in Michigan” list. Average graduate tuition and fees at Michigan State University are $37,056, but you may pay more or less depending on your major.

Read more about Economics at Michigan State

#3

Central Michigan University

Mount Pleasant, Michigan
#6 in overall quality
$19,359 Avg Grad Tuition & Fees

Out of the 8 schools in the Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k that were part of this year’s ranking, Central Michigan University landed the #3 spot on the list. Located in Mount Pleasant, Michigan, this fairly large public school handed out 14 degrees to qualified masters’s economics students in 2019-2020.

Central Michigan also took the #6 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Central Michigan University are $19,359.

Full Central Michigan University Economics Report

#4

University of Detroit Mercy

Detroit, Michigan
#3 in overall quality
$20,047 Avg Grad Tuition & Fees
$69,338 Average Early-Career Earnings

You’ll be in good company if you decide to attend University of Detroit Mercy. It ranked #4 on our 2022 Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k list. Detroit Mercy is a small school located in Detroit, Michigan that handed out 18 masters’s economics degrees in 2019-2020.

Detroit Mercy not only placed well in this ranking. It is also #3 on our “Best Economics Master’s Degree Schools in Michigan” list. Average graduate tuition and fees at Detroit Mercy are $20,047, but some majors have different tuition rates.

Read more about Economics at University of Detroit Mercy

#5

Wayne State University

Detroit, Michigan
#7 in overall quality
$37,215 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Wayne State University. The school came in at #5 for the Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k. This large school is located in Detroit, Michigan, and it awarded 16 masters’s economics degrees in 2019-2020.

As a testament to the quality of education offered at Wayne State, the school also landed the #7 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Wayne State University are $37,215.

Read more about Economics at Wayne State University

#6

Western Michigan University

Kalamazoo, Michigan
#4 in overall quality
$31,355 Avg Grad Tuition & Fees

Western Michigan University landed the #6 spot on the 2022 Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k ranking. WMU is a public institution located in Kalamazoo, Michigan. The school has a fairly large population, and it awarded 11 masters’s degrees in 2019-2020.

As a testament to the quality of education offered at WMU, the school also landed the #4 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Western Michigan University are $31,355, but you may pay more or less depending on your major.

Full WMU Economics Report

#7

Eastern Michigan University

Ypsilanti, Michigan
#5 in overall quality
$26,552 Avg Grad Tuition & Fees

Eastern Michigan University ranked #7 on this year’s Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k list. Eastern Michigan University is located in Ypsilanti, Michigan and, has a fairly large student population. In 2019-2020, this school awarded 9 masters’s economics degrees to qualified students.

As a testament to the quality of education offered at Eastern Michigan, the school also landed the #5 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Eastern Michigan University are $26,552, but you may pay more or less depending on your major.

Read more about Economics at Eastern Michigan University

#8

Andrews University

Berrien Springs, Michigan
$28,910 Avg Grad Tuition & Fees
$41,025 Average Early-Career Earnings

Andrews University came in at #8 in this year’s edition of the Best Value Economics Schools for a Master’s in Michigan For Those Making $0-$30k ranking. Located in Berrien Springs, Michigan, this small private not-for-profit school handed out 2 degrees to qualified masters’s economics students in 2019-2020.

Andrews not only placed well in this ranking. It is also #0 on our “Best Economics Master’s Degree Schools in Michigan” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Andrews are $28,910.

Full Andrews Economics Report

Notes and References

References

  • The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
  • Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
  • Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

Read more about our data sources and methodologies

Footnotes

  • *Average salary, average net price, and average tuition and fees are for the top schools only.
  • Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

Credits

  • Credit for the banner image above goes to pixabay.

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