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2022 Best Value Economics Schools for a Master’s in Michigan For Those Making $30-$48k

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 $30-$48k

It’s not easy to decide which college to attend when there so many options available for students. 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 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 master’s degree level specifically, there were 143 economics graduates with average earnings and debt of $58,608 and $41,198 respectively.

This year’s “Best Value Economics Schools for a Master’s in Michigan For Those Making $30-$48k” ranking analyzed 8 colleges that offered 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. See our ranking methodology to learn more.

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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Economics Schools for a Master’s in Michigan For Those Making $30-$48k” list, to help you choose the best school for you.

In addition to College Factual’s rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest you. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.

Best Value Economics Schools for a Master’s in Michigan For Those Making $30-$48k

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

Top 8 Best Value Master’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

Out of the 8 schools in the Best Value Economics Schools for a Master’s in Michigan For Those Making $30-$48k that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #1 spot on the list. University of Michigan - Ann Arbor is a large public school situated in Ann Arbor, Michigan. It awarded 63 masters’s economics degrees in 2019-2020.

As a testament to the quality of education offered at U-M, the school also landed the #1 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at University of Michigan - Ann Arbor are $49,548, but some majors have different tuition rates.

Read full report on Economics at U-M

#2

University of Detroit Mercy

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

Out of the 8 schools in the Best Value Economics Schools for a Master’s in Michigan For Those Making $30-$48k that were part of this year’s ranking, University of Detroit Mercy landed the #2 spot on the list. University of Detroit Mercy is located in Detroit, Michigan and, has a small student population. In 2019-2020, this school awarded 18 masters’s economics degrees to qualified students.

In addition to being on our michigan master’s degree economics students whose families make $30-$48k list, Detroit Mercy has also earned the #3 rank in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Detroit Mercy are $20,047, but you may pay more or less depending on your major.

Read more about Economics at Detroit Mercy

#3

Michigan State University

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

You’ll join some of the best and brightest minds around if you attend Michigan State University. The school came in at #3 for the Best Value Economics Schools for a Master’s in Michigan For Those Making $30-$48k. Michigan State University is a public institution located in East Lansing, Michigan. The school has a large population, and it awarded 9 masters’s degrees in 2019-2020.

Michigan State did well in our major quality rankings, too. It placed #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

#4

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 $30-$48k that were part of this year’s ranking, Central Michigan University landed the #4 spot on the list. Located in Mount Pleasant, Michigan, this fairly large public school awarded 14 diplomas to qualified masters’s economics students in 2019-2020.

As a testament to the quality of education offered at Central Michigan, the school also landed the #6 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Central Michigan University are $19,359, but you may pay more or less depending on your major.

Read more about Economics at Central Michigan

#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 $30-$48k. Wayne State is a large public school situated in Detroit, Michigan. 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. Average graduate tuition and fees at Wayne State University are $37,215, but you may pay more or less depending on your major.

Full Wayne State Economics Report

#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 $30-$48k ranking. This fairly large school is located in Kalamazoo, Michigan, and it awarded 11 masters’s economics 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 WMU are $31,355, but some majors have different tuition rates.

Read more about Economics at Western Michigan University

#7

Eastern Michigan University

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

Eastern Michigan University landed the #7 spot on the 2022 Best Value Economics Schools for a Master’s in Michigan For Those Making $30-$48k ranking. Eastern Michigan University is a public institution located in Ypsilanti, Michigan. The school has a fairly large population, and it awarded 9 masters’s degrees in 2019-2020.

Eastern Michigan not only placed well in this ranking. It is also #5 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 Eastern Michigan are $26,552.

Full Eastern Michigan Economics Report

#8

Andrews University

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

Andrews University did quite well in the 2022 Best Value Economics Schools for a Master’s in Michigan For Those Making $30-$48k ranking, coming in at #8. Andrews University is a small private not-for-profit school situated in Berrien Springs, Michigan. It awarded 2 masters’s economics degrees 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. Average graduate tuition and fees at Andrews are $28,910, but you may pay more or less depending on your major.

Read more about Economics at Andrews University

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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