2022 Best Value Bachelor’s Degree Colleges for Economics (Income $30-$48k)
With all of the options students have for higher education today, it can be tough to choose which direction to take. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k” ranking.
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.
At the bachelor’s degree level specifically, there were 40,046 economics graduates with average earnings and debt of $38,303 and $24,501 respectively.
For this year’s “Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k” ranking, we looked at 603 colleges that offer a degree in economics. Not only do the schools that top this list have excellent economics programs, but they also cost less that schools of similar quality.
Some of the factors we look at when determining these rankings are overall quality of the economics program at the school and the cost of the school after aid is awarded among other things. For more information, check out our ranking methodology.
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One Size Does Not Fit All
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 Bachelor’s For Those Making $30-$48k” 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 Bachelor’s For Those Making $30-$48k
The colleges and universities below are the best for bachelor’s degree economics students whose families make $30-$48k.
Top 25 Best Value Bachelor’s Degree Colleges for Economics (Income $30-$48k)
You’ll join some of the best and brightest minds around if you attend Duke University. The school came in at #1 for the Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k. Duke University is located in Durham, North Carolina and, has a fairly large student population. In 2019-2020, this school awarded 219 bachelors’s economics degrees to qualified students.
Duke did well in our major quality rankings, too. It placed #2 on our “Best Economics Bachelor’s Degree Schools” list. It costs about $-1,314 for Bachelor’s Degree Economics students whose families make $30-$48k per year to attend Duke University. A negative average net price may seem strange, but it generally means that financial aid will more than cover the cost to attend the school.
The student loan default rate at the school is 0.9%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. The student-to-faculty ratio of 6 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
You’ll join some of the best and brightest minds around if you attend Harvard University. The school came in at #2 for the Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k. Harvard University is located in Cambridge, Massachusetts and, has a large student population. In 2019-2020, this school awarded 215 bachelors’s economics degrees to qualified students.
As a testament to the quality of education offered at Harvard, the school also landed the #8 spot in our “Best Economics Bachelor’s Degree Schools” ranking. The estimated yearly cost for Harvard is $1,010 for bachelor’s degree economics students whose families make $30-$48k.
The low student loan default rate of 1.1% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. With a student-to-faculty ratio of 5 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
You’ll join some of the best and brightest minds around if you attend University of Pennsylvania. The school came in at #3 for the Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k. Located in Philadelphia, Pennsylvania, this large private not-for-profit school awarded 225 diplomas to qualified bachelors’s economics students in 2019-2020.
In addition to being on our bachelor’s degree economics students whose families make $30-$48k list, UPenn has also earned the #6 rank in our “Best Economics Bachelor’s Degree Schools” ranking. The yearly cost to attend University of Pennsylvania is $4,833 for Bachelor’s Degree Economics students whose families make $30-$48k.
With a freshman retention rate of 95%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 1.4%, which is much lower than the national rate of 10.1%. Since the school has a student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors.
You’ll be in good company if you decide to attend Northwestern University. It ranked #4 on our 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k list. Northwestern is a private not-for-profit institution located in Evanston, Illinois. The school has a large population, and it awarded 338 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at Northwestern, the school also landed the #9 spot in our “Best Economics Bachelor’s Degree Schools” ranking. The estimated yearly cost for Northwestern University is $3,995 for Bachelor’s Degree Economics students whose families make $30-$48k.
Since the school has a student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors. The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 0.8%, which is quite low when compared to the national default rate of 10.1%.
Out of the 603 schools in the Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k that were part of this year’s ranking, Yale University landed the #5 spot on the list. Yale University is a fairly large private not-for-profit school situated in New Haven, Connecticut. It awarded 198 bachelors’s economics degrees in 2019-2020.
Yale also took the #4 spot in our “Best Economics Bachelor’s Degree Schools” ranking. The estimated yearly cost for Yale University is $1,647 for Bachelor’s Degree Economics students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 0.9%, which is much lower than the national rate of 10.1%. With a student-to-faculty ratio of 4 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
Stanford University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #6. Stanford is a fairly large private not-for-profit school situated in Stanford, California. It awarded 90 bachelors’s economics degrees in 2019-2020.
Stanford also made our “Best Economics Bachelor’s Degree Schools” list, coming in at #14. The estimated yearly cost for Stanford is $1,145 for bachelor’s degree economics students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 0.5%, which is much lower than the national rate of 10.1%. The impressive student-to-faculty ratio of 4 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. With a freshman retention rate of 86%, the school does an excellent job of retaining its students.
University of Chicago ranked #7 on this year’s Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k list. UChicago is a private not-for-profit institution located in Chicago, Illinois. The school has a fairly large population, and it awarded 423 bachelors’s degrees in 2019-2020.
UChicago also made our “Best Economics Bachelor’s Degree Schools” list, coming in at #1. The estimated yearly cost for UChicago is $2,800 for bachelor’s degree economics students whose families make $30-$48k.
The low student loan default rate of 0.6% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. With a freshman retention rate of 100%, the school does an excellent job of retaining its students. The impressive student-to-faculty ratio of 5 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Rice University came in at #8 in this year’s edition of the Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking. Located in Houston, Texas, this medium-sized private not-for-profit school awarded 86 degrees to qualified bachelors’s economics students in 2019-2020.
In addition to being on our bachelor’s degree economics students whose families make $30-$48k list, Rice has also earned the #18 rank in our “Best Economics Bachelor’s Degree Schools” ranking. The yearly cost to attend Rice is $7,534 for Bachelor’s Degree Economics students whose families make $30-$48k.
The student loan default rate at the school is 1.0%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. The student-to-faculty ratio of 6 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Williams College landed the #9 spot on the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking. Williams is a small school located in Williamstown, Massachusetts that handed out 108 bachelors’s economics degrees in 2019-2020.
Williams did well in our major quality rankings, too. It placed #5 on our “Best Economics Bachelor’s Degree Schools” list. The estimated yearly cost for Williams College is $2,223 for bachelor’s degree economics students whose families make $30-$48k.
The low student loan default rate of 2.3% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. The impressive student-to-faculty ratio of 6 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The school has an excellent freshman retention rate of 90%, which means students like the school well enough to return for a second year.
Washington and Lee University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #10. Lexington, Virginia is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 56 students in 2019-2020.
On top of its placing in this ranking, Washington and Lee also did well on our “Best Economics Bachelor’s Degree Schools” list. It’s in the top 10% of all schools in this category. It costs about $2,039 for bachelor’s degree economics students whose families make $30-$48k per year to attend Washington and Lee University.
The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. Since the school has a student-to-faculty ratio of 8 to 1, those pursuing a degree will have more opportunities to interact with their professors. The low student loan default rate of 0.8% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Brown University landed the #11 spot on the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking. Providence, Rhode Island is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 203 students in 2019-2020.
Brown also made our “Best Economics Bachelor’s Degree Schools” list, coming in at #16. The yearly cost to attend Brown University is $6,684 for Bachelor’s Degree Economics students whose families make $30-$48k.
With a student-to-faculty ratio of 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. Students who start out at the school are likely to stick around. The freshman retention rate is 92%. The student loan default rate at the school is 2.1%, which is quite low when compared to the national default rate of 10.1%.
Princeton University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #12. Princeton, New Jersey is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 126 students in 2019-2020.
Princeton not only placed well in this ranking. It is also #11 on our “Best Economics Bachelor’s Degree Schools” list. The estimated yearly cost for Princeton University is $2,044 for bachelor’s degree economics students whose families make $30-$48k.
The impressive student-to-faculty ratio of 4 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The school has an impressive student loan default rate. It’s only 0.9%, which is much lower than the national rate of 10.1%.
Vanderbilt University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #13. Located in Nashville, Tennessee, this fairly large private not-for-profit school handed out 257 diplomas to qualified bachelors’s economics students in 2019-2020.
Vanderbilt not only placed well in this ranking. It is also #10 on our “Best Economics Bachelor’s Degree Schools” list. The estimated yearly cost for Vanderbilt University is $6,017 for Bachelor’s Degree Economics students whose families make $30-$48k.
The school has an excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year. Since the school has a student-to-faculty ratio of 8 to 1, those pursuing a degree will have more opportunities to interact with their professors. The school has an impressive student loan default rate. It’s only 1.0%, which is much lower than the national rate of 10.1%.
Washington University in St Louis landed the #14 spot on the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking. Washington University in St Louis is a private not-for-profit institution located in Saint Louis, Missouri. The school has a fairly large population, and it awarded 116 bachelors’s degrees in 2019-2020.
WUSTL did well in our major quality rankings, too. It placed #23 on our “Best Economics Bachelor’s Degree Schools” list. The yearly cost to attend Washington University in St Louis is $6,248 for bachelor’s degree economics students whose families make $30-$48k.
The low student loan default rate of 1.4% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year. With a student-to-faculty ratio of 7 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
Cornell University ranked #15 on this year’s Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k list. Ithaca, New York is the setting for this large institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 169 students in 2019-2020.
Cornell did well in our major quality rankings, too. It placed #12 on our “Best Economics Bachelor’s Degree Schools” list. The yearly cost to attend Cornell University is $7,518 for bachelor’s degree economics students whose families make $30-$48k.
Students who start out at the school are likely to stick around. The freshman retention rate is 96%. The low student loan default rate of 1.1% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. The impressive student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Amherst College did quite well in the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #16. Amherst, Massachusetts is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 74 students in 2019-2020.
In addition to being on our bachelor’s degree economics students whose families make $30-$48k list, Amherst has also earned the #17 rank in our “Best Economics Bachelor’s Degree Schools” ranking. The estimated yearly cost for Amherst is $4,423 for Bachelor’s Degree Economics students whose families make $30-$48k.
Students who start out at the school are likely to stick around. The freshman retention rate is 91%. The school has an impressive student loan default rate. It’s only 3.8%, which is much lower than the national rate of 10.1%. Since the school has a student-to-faculty ratio of 7 to 1, those pursuing a degree will have more opportunities to interact with their professors.
With a ranking of #17, Claremont McKenna College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k list. Located in Claremont, California, this small private not-for-profit school awarded 118 diplomas to qualified bachelors’s economics students in 2019-2020.
Claremont McKenna did well in our major quality rankings, too. It placed #3 on our “Best Economics Bachelor’s Degree Schools” list. The yearly cost to attend Claremont McKenna is $6,591 for bachelor’s degree economics students whose families make $30-$48k.
Students who start out at the school are likely to stick around. The freshman retention rate is 87%. With a student-to-faculty ratio of 8 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
Columbia University in the City of New York did quite well in the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #17. Columbia University in the City of New York is a private not-for-profit institution located in New York, New York. The school has a large population, and it awarded 338 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at Columbia, the school also landed the #19 spot in our “Best Economics Bachelor’s Degree Schools” ranking. The estimated yearly cost for Columbia is $4,287 for bachelor’s degree economics students whose families make $30-$48k.
With a student-to-faculty ratio of 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The school has an impressive student loan default rate. It’s only 2.1%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year.
Johns Hopkins University ranked #19 on this year’s Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k list. Johns Hopkins is a large private not-for-profit school situated in Baltimore, Maryland. It awarded 112 bachelors’s economics degrees in 2019-2020.
In addition to being on our bachelor’s degree economics students whose families make $30-$48k list, Johns Hopkins has also earned the #21 rank in our “Best Economics Bachelor’s Degree Schools” ranking. The yearly cost to attend Johns Hopkins University is $8,210 for Bachelor’s Degree Economics students whose families make $30-$48k.
With a freshman retention rate of 97%, the school does an excellent job of retaining its students. The student loan default rate at the school is 1.3%, which is quite low when compared to the national default rate of 10.1%. The impressive student-to-faculty ratio of 6 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
With a ranking of #20, Swarthmore College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k list. Swarthmore, Pennsylvania is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 84 students in 2019-2020.
Swarthmore excels when it comes to economics quality. It’s in the top 10% of all schools reviewed in that analysis. The yearly cost to attend Swarthmore is $8,701 for bachelor’s degree economics students whose families make $30-$48k.
Since the school has a student-to-faculty ratio of 7 to 1, those pursuing a degree will have more opportunities to interact with their professors. With a freshman retention rate of 86%, the school does an excellent job of retaining its students. The student loan default rate at the school is 0.7%, which is quite low when compared to the national default rate of 10.1%.
Pomona College came in at #21 in this year’s edition of the Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking. Located in Claremont, California, this small private not-for-profit school handed out 60 diplomas to qualified bachelors’s economics students in 2019-2020.
As a testament to the quality of education offered at Pomona, the school also landed the #15 spot in our “Best Economics Bachelor’s Degree Schools” ranking. The yearly cost to attend Pomona is $8,655 for bachelor’s degree economics students whose families make $30-$48k.
With a student-to-faculty ratio of 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year.
Colby College came in at #22 in this year’s edition of the Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking. Colby College is a small school located in Waterville, Maine that handed out 69 bachelors’s economics degrees in 2019-2020.
Colby excels when it comes to economics quality. It’s in the top 10% of all schools reviewed in that analysis. The yearly cost to attend Colby is $3,467 for bachelor’s degree economics students whose families make $30-$48k.
The student-to-faculty ratio of 10 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. With a freshman retention rate of 91%, the school does an excellent job of retaining its students. The student loan default rate at the school is 3.7%, which is quite low when compared to the national default rate of 10.1%.
Dartmouth College ranked #23 on this year’s Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k list. Dartmouth College is located in Hanover, New Hampshire and, has a medium-sized student population. In 2019-2020, this school awarded 166 bachelors’s economics degrees to qualified students.
Dartmouth also took the #7 spot in our “Best Economics Bachelor’s Degree Schools” ranking. The yearly cost to attend Dartmouth is $4,830 for bachelor’s degree economics students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 1.0%, which is much lower than the national rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 96%. With a student-to-faculty ratio of 7 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
With a ranking of #24, University of Michigan - Ann Arbor did quite well on the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k list. University of Michigan - Ann Arbor is located in Ann Arbor, Michigan and, has a large student population. In 2019-2020, this school awarded 586 bachelors’s economics degrees to qualified students.
In addition to being on this list, U-M is in the top on our “Best Economics Bachelor’s Degree Schools” list. It’s in the top 5% of all schools reviewed in that analysis. The yearly cost to attend U-M is $5,887 for bachelor’s degree economics students whose families make $30-$48k.
Students who start out at the school are likely to stick around. The freshman retention rate is 96%. The low student loan default rate of 1.2% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Bates College landed the #25 spot on the 2022 Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k ranking. Bates College is a small school located in Lewiston, Maine that handed out 71 bachelors’s economics degrees in 2019-2020.
Bates also claimed a top spot on our “Best Economics Bachelor’s Degree Schools” list. It’s ranked in the top 10% of all schools on our “Best Economics Bachelor’s Degree Schools” list. The yearly cost to attend Bates College is $9,039 for bachelor’s degree economics students whose families make $30-$48k.
With a freshman retention rate of 90%, the school does an excellent job of retaining its students. The student loan default rate at the school is 0.8%, which is quite low when compared to the national default rate of 10.1%. Since the school has a student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors.
Rest of the Best 50 in Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k
Not only did these schools make the top 50 list, but they also landed in the top 15% of this year’s ranking:
Rest of the Top 15% Colleges in Best Value Economics Schools for a Bachelor’s For Those Making $30-$48k
While not in the ‘top 50’, these schools make the top 15% of this year’s ranking:
| Rank | College | Location |
|---|---|---|
| 51 | Emory University | Atlanta, GA |
| 52 | Trinity College | Hartford, CT |
| 53 | Queens College | Queens, NY |
| 54 | University of Richmond | University of Richmond, VA |
| 55 | University of Minnesota - Twin Cities | Minneapolis, MN |
| 56 | John Jay College of Criminal Justice | New York, NY |
| 57 | Indiana University - Bloomington | Bloomington, IN |
| 58 | Colorado College | Colorado Springs, CO |
| 59 | Florida State University | Tallahassee, FL |
| 60 | University of California - Irvine | Irvine, CA |
| 61 | The City College of New York | New York, NY |
| 62 | Ohio State University - Main Campus | Columbus, OH |
| 63 | St Olaf College | Northfield, MN |
| 64 | California State University - Los Angeles | Los Angeles, CA |
| 65 | Lafayette College | Easton, PA |
| Rank | College | Location |
|---|---|---|
| 91 | Dickinson College | Carlisle, PA |
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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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