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2022 Best Value Bachelor’s Degree Colleges for Economics (Income $30-$48k) in Tennessee

8 Ranked Colleges
425 Degrees Awarded
$12,200 Avg Net Price*
Best Value Economics Schools for a Bachelor's in Tennessee For Those Making $30-$48k

It’s not easy to decide which college to attend when there so many options available for students. 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 in Tennessee 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.

Across Tennessee, there were 478 economics graduates with average earnings and debt of $50,633 and $20,232 respectively. At the bachelor’s degree level specifically, there were 425 economics graduates with average earnings and debt of $0 and $0 respectively.

This year’s “Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $30-$48k” ranking analyzed 8 colleges that offered a degree in economics. This ranking identifies schools with high-quality economics programs that also have a lower cost than 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. Check out our ranking methodology for more information.

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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 in Tennessee For Those Making $30-$48k” list to help you make the college decision.

In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat. 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 in Tennessee For Those Making $30-$48k

The colleges and universities below are the best for tennessee bachelor’s degree economics students whose families make $30-$48k.

Top 8 Best Value Bachelor’s Degree Colleges for Economics (Income $30-$48k) in Tennessee

#1

Vanderbilt University

Nashville, Tennessee
#1 in overall quality
$6,017 Average Net Price
$76,208 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend Vanderbilt University. The school came in at #1 for the Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $30-$48k. Vanderbilt is a fairly large private not-for-profit school situated in Nashville, Tennessee. It awarded 257 bachelors’s economics degrees in 2019-2020.

Vanderbilt also took the #1 spot in our “Best Economics Bachelor’s Degree Schools in Tennessee” ranking. It costs about $6,017 for Tennessee Bachelor’s Degree Economics students whose families make $30-$48k per year to attend Vanderbilt.

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%. The school has an excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year.

Read full report on Economics at Vanderbilt

#2

Rhodes College

Memphis, Tennessee
#2 in overall quality
$16,061 Average Net Price
$54,713 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend Rhodes College. The school came in at #2 for the Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $30-$48k. Memphis, Tennessee is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 25 students in 2019-2020.

Rhodes College not only placed well in this ranking. It is also #2 on our “Best Economics Bachelor’s Degree Schools in Tennessee” list. It costs about $16,061 for Tennessee Bachelor’s Degree Economics students whose families make $30-$48k per year to attend Rhodes College.

The low student loan default rate of 2.0% 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 87%, which means students like the school well enough to return for a second year. The student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Read more about Economics at Rhodes College

#3

Middle Tennessee State University

Murfreesboro, Tennessee
#5 in overall quality
$10,637 Average Net Price

You’ll be in good company if you decide to attend Middle Tennessee State University. It ranked #3 on our 2022 Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $30-$48k list. This large school is located in Murfreesboro, Tennessee, and it awarded 8 bachelors’s economics degrees in 2019-2020.

In addition to being on our tennessee bachelor’s degree economics students whose families make $30-$48k list, Middle Tennessee State University has also earned the #5 rank in our “Best Economics Bachelor’s Degree Schools in Tennessee” ranking. The estimated yearly cost for Middle Tennessee State University is $10,637 for tennessee bachelor’s degree economics students whose families make $30-$48k.

Read more about Economics at Middle Tennessee State University

#4

The University of Tennessee - Knoxville

Knoxville, Tennessee
#4 in overall quality
$13,745 Average Net Price
$43,426 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend The University of Tennessee - Knoxville. The school came in at #4 for the Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $30-$48k. Knoxville, Tennessee is the setting for this large institution of higher learning. The public school handed out bachelors’s economics degrees to 39 students in 2019-2020.

UT Knoxville also made our “Best Economics Bachelor’s Degree Schools in Tennessee” list, coming in at #4. The yearly cost to attend UT Knoxville is $13,745 for Tennessee 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 89%. The student loan default rate at the school is 4.3%, which is quite low when compared to the national default rate of 10.1%.

Full The University of Tennessee - Knoxville Economics Report

#5

University of Memphis

Memphis, Tennessee
#6 in overall quality
$12,264 Average Net Price

Out of the 8 schools in the Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $30-$48k that were part of this year’s ranking, University of Memphis landed the #5 spot on the list. This large school is located in Memphis, Tennessee, and it awarded 11 bachelors’s economics degrees in 2019-2020.

UofM also took the #6 spot in our “Best Economics Bachelor’s Degree Schools in Tennessee” ranking. It costs about $12,264 for Tennessee Bachelor’s Degree Economics students whose families make $30-$48k per year to attend UofM.

Read more about Economics at University of Memphis

#6

The University of Tennessee - Chattanooga

Chattanooga, Tennessee
#7 in overall quality
$10,515 Average Net Price
$38,829 Average Early-Career Earnings

The University of Tennessee - Chattanooga did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $30-$48k ranking, coming in at #6. Located in Chattanooga, Tennessee, this fairly large public school handed out 4 degrees to qualified bachelors’s economics students in 2019-2020.

UT Chattanooga also made our “Best Economics Bachelor’s Degree Schools in Tennessee” list, coming in at #7. The yearly cost to attend The University of Tennessee - Chattanooga is $10,515 for tennessee bachelor’s degree economics students whose families make $30-$48k.

Full The University of Tennessee - Chattanooga Economics Report

#7

East Tennessee State University

Johnson City, Tennessee
#8 in overall quality
$12,703 Average Net Price

East Tennessee State University landed the #7 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $30-$48k ranking. East Tennessee State University is a fairly large public school situated in Johnson City, Tennessee. It awarded 7 bachelors’s economics degrees in 2019-2020.

As a testament to the quality of education offered at ETSU, the school also landed the #8 spot in our “Best Economics Bachelor’s Degree Schools in Tennessee” ranking. It costs about $12,703 for Tennessee Bachelor’s Degree Economics students whose families make $30-$48k per year to attend ETSU.

Read full report on Economics at East Tennessee State University

#8

Sewanee - The University of the South

Sewanee, Tennessee
#3 in overall quality
$15,686 Average Net Price
$43,575 Average Early-Career Earnings

Sewanee - The University of the South ranked #8 on this year’s Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $30-$48k list. Located in Sewanee, Tennessee, this small private not-for-profit school awarded 62 degrees to qualified bachelors’s economics students in 2019-2020.

Sewanee also made our “Best Economics Bachelor’s Degree Schools in Tennessee” list, coming in at #3. The estimated yearly cost for Sewanee is $15,686 for Tennessee Bachelor’s Degree Economics students whose families make $30-$48k.

The school has an impressive student loan default rate. It’s only 3.2%, which is much lower than the national rate of 10.1%. With a student-to-faculty ratio of 10 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. With a freshman retention rate of 87%, the school does an excellent job of retaining its students.

Full Sewanee - The University of the South 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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