2022 Best Value Master’s Degree Colleges for Economics (Income $0-$30k) in Minnesota

When it comes to choosing a college, students have a lot of options - but not all of them are good. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Economics Schools for a Master’s in Minnesota For Those Making $0-$30k” ranking - to help you make that decision.

In 2019-2020, 48,831 people earned their degree in economics, making the major the 18th most popular in the United States. 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 Minnesota, there were 891 economics graduates with average earnings and debt of $48,580 and $22,420 respectively. At the master’s degree level specifically, there were 24 economics graduates with average earnings and debt of $55,396 and $40,953 respectively.

This year’s “Best Value Economics Schools for a Master’s in Minnesota For Those Making $0-$30k” ranking looked at 3 colleges that offer degrees in a bachelor’s in economics. The schools that top this list are recognized because they have great economics programs and cost less that schools of similar quality.

When determining these rankings, we looked at things such as overall quality of the economics program at the school and the cost to attend the school once aid has been awarded. For more information, check out our ranking methodology.

More Ways to Rank Economics Schools

When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Best Value Economics Schools for a Master’s in Minnesota For Those Making $0-$30k” list to help you make the college decision.

To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. Go ahead and give it a try, or bookmark the link so you can check it out later.

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

The colleges and universities below are the best for minnesota master’s degree economics students whose families make $0-$30k.

Top 3 Best Value Master’s Degree Colleges for Economics (Income $0-$30k) in Minnesota

#1

University of Minnesota - Twin Cities

Minneapolis, Minnesota

#1 in overall quality

$28,845 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Minnesota - Twin Cities. It ranked #1 on our 2022 Best Value Economics Schools for a Master’s in Minnesota For Those Making $0-$30k list. Located in Minneapolis, Minnesota, this large public school handed out 8 degrees to qualified masters’s economics students in 2019-2020.

UMN Twin Cities also made our “Best Economics Master’s Degree Schools in Minnesota” list, coming in at #1. Average graduate tuition and fees at University of Minnesota - Twin Cities are $28,845, but some majors have different tuition rates.

Read more about Economics at University of Minnesota - Twin Cities

#2

Saint Cloud State University

Saint Cloud, Minnesota

$12,904 Avg Grad Tuition & Fees

Out of the 3 schools in the Best Value Economics Schools for a Master’s in Minnesota For Those Making $0-$30k that were part of this year’s ranking, Saint Cloud State University landed the #2 spot on the list. Saint Cloud State University is a fairly large school located in Saint Cloud, Minnesota that handed out 3 masters’s economics degrees in 2019-2020.

As a testament to the quality of education offered at St. Cloud State University, the school also landed the #0 spot in our “Best Economics Master’s Degree Schools in Minnesota” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Saint Cloud State University are $12,904.

Read more about Economics at St. Cloud State University

#3

Saint Mary's University of Minnesota

Winona, Minnesota

#2 in overall quality

$10,260 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Saint Mary’s University of Minnesota. The school came in at #3 for the Best Value Economics Schools for a Master’s in Minnesota For Those Making $0-$30k. SMU MN is a private not-for-profit institution located in Winona, Minnesota. The school has a medium-sized population, and it awarded 13 masters’s degrees in 2019-2020.

SMU MN not only placed well in this ranking. It is also #2 on our “Best Economics Master’s Degree Schools in Minnesota” list. Average graduate tuition and fees at SMU MN are $10,260, but some majors have different tuition rates.

Full SMU MN Economics Report

• Best Value Master’s Degree Colleges for Economics (Income $0-$30k) in the Plains States Region
• Best Value Master’s Degree Colleges for Economics (Income $0-$30k)

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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