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

When pursuing a degree in today’s world, students have many different options to choose from. 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 Doctorate in Michigan For Those Making $30-$48k” 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 Michigan, there were 1,402 economics graduates with average earnings and debt of $41,425 and $23,888 respectively. At the doctor’s degree level specifically, there were 35 economics graduates with average earnings and debt of $70,785 and $113,051 respectively.

This year’s “Best Value Economics Schools for a Doctorate in Michigan For Those Making $30-$48k” ranking analyzed 4 colleges that offered a degree in economics. The schools that top this list are recognized because they have great economics programs and cost less that 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. See our ranking methodology to learn more.

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 Doctorate in Michigan For Those Making $30-$48k” list to help you make the college 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 Doctorate in Michigan For Those Making $30-$48k

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

Top 4 Best Value Doctor’s Degree Colleges for Economics (Income $30-$48k) 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 Doctorate in Michigan For Those Making $30-$48k. This large school is located in Ann Arbor, Michigan, and it awarded 20 doctorate’s economics degrees in 2019-2020.

In addition to being on our michigan doctor’s degree economics students whose families make $30-$48k list, U-M has also earned the #1 rank in our “Best Economics Doctor’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at U-M are $49,548, but some majors have different tuition rates.

Full University of Michigan - Ann Arbor Economics Report

#2

Michigan State University

East Lansing, Michigan

#2 in overall quality

$37,056 Avg Grad Tuition & Fees

Out of the 4 schools in the Best Value Economics Schools for a Doctorate in Michigan For Those Making $30-$48k that were part of this year’s ranking, Michigan State University landed the #2 spot on the list. Michigan State University is a large public school situated in East Lansing, Michigan. It awarded 7 doctorate’s economics degrees in 2019-2020.

Michigan State also took the #2 spot in our “Best Economics Doctor’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Michigan State University are $37,056, but you may pay more or less depending on your major.

Read full report on Economics at Michigan State

#3

Wayne State University

Detroit, Michigan

#3 in overall quality

$37,215 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Wayne State University. It ranked #3 on our 2022 Best Value Economics Schools for a Doctorate in Michigan For Those Making $30-$48k list. Located in Detroit, Michigan, this large public school handed out 7 diplomas to qualified doctorate’s economics students in 2019-2020.

Wayne State did well in our major quality rankings, too. It placed #3 on our “Best Economics Doctor’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 Wayne State University are $37,215.

Read more about Economics at Wayne State

#4

Western Michigan University

Kalamazoo, Michigan

#3 in overall quality

$31,355 Avg Grad Tuition & Fees

Out of the 4 schools in the Best Value Economics Schools for a Doctorate in Michigan For Those Making $30-$48k that were part of this year’s ranking, Western Michigan University landed the #4 spot on the list. WMU is a fairly large school located in Kalamazoo, Michigan that handed out 1 doctorate’s economics degrees in 2019-2020.

WMU also took the #3 spot in our “Best Economics Doctor’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Western Michigan University are $31,355, but some majors have different tuition rates.

Read more about Economics at WMU

• Best Value Doctor’s Degree Colleges for Economics (Income $30-$48k) in the Great Lakes Region
• Best Value Doctor’s Degree Colleges for Economics (Income $30-$48k)

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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