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

When it comes to choosing a college, students have a lot of options - but not all of them are good. 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 Master’s in Virginia For Those Making $30-$48k” ranking.

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 Virginia, there were 1,392 economics graduates with average earnings and debt of $47,150 and $23,646 respectively. At the master’s degree level specifically, there were 72 economics graduates with average earnings and debt of $0 and $0 respectively.

For this year’s “Best Value Economics Schools for a Master’s in Virginia For Those Making $30-$48k” ranking, we looked at 5 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. See our ranking methodology to learn more.

One Size Does Not Fit All

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 Virginia For Those Making $30-$48k” list, to help you choose the best school for you.

One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important to 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 Virginia For Those Making $30-$48k

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

Top 5 Best Value Master’s Degree Colleges for Economics (Income $30-$48k) in Virginia

#1

University of Virginia - Main Campus

Charlottesville, Virginia

#1 in overall quality

$32,394 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Virginia - Main Campus. It ranked #1 on our 2022 Best Value Economics Schools for a Master’s in Virginia For Those Making $30-$48k list. University of Virginia - Main Campus is a large school located in Charlottesville, Virginia that handed out 14 masters’s economics degrees in 2019-2020.

University of Virginia also made our “Best Economics Master’s Degree Schools in Virginia” list, coming in at #1. Average graduate tuition and fees at University of Virginia - Main Campus are $32,394, but you may pay more or less depending on your major.

Full University of Virginia - Main Campus Economics Report

#2

Virginia Tech

Blacksburg, Virginia

#2 in overall quality

$30,547 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Virginia Tech. It ranked #2 on our 2022 Best Value Economics Schools for a Master’s in Virginia For Those Making $30-$48k list. Virginia Tech is located in Blacksburg, Virginia and, has a large student population. In 2019-2020, this school awarded 8 masters’s economics degrees to qualified students.

Virginia Tech did well in our major quality rankings, too. It placed #2 on our “Best Economics Master’s Degree Schools in Virginia” list. Average graduate tuition and fees at Virginia Tech are $30,547, but you may pay more or less depending on your major.

Read more about Economics at Virginia Tech

#3

George Mason University

Fairfax, Virginia

#3 in overall quality

$37,410 Avg Grad Tuition & Fees

$84,653 Average Early-Career Earnings

You’ll be in good company if you decide to attend George Mason University. It ranked #3 on our 2022 Best Value Economics Schools for a Master’s in Virginia For Those Making $30-$48k list. This large school is located in Fairfax, Virginia, and it awarded 45 masters’s economics degrees in 2019-2020.

GMU also took the #3 spot in our “Best Economics Master’s Degree Schools in Virginia” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at GMU are $37,410.

Read full report on Economics at George Mason University

#4

Old Dominion University

Norfolk, Virginia

#4 in overall quality

$33,288 Avg Grad Tuition & Fees

Out of the 5 schools in the Best Value Economics Schools for a Master’s in Virginia For Those Making $30-$48k that were part of this year’s ranking, Old Dominion University landed the #4 spot on the list. Old Dominion is located in Norfolk, Virginia and, has a large student population. In 2019-2020, this school awarded 3 masters’s economics degrees to qualified students.

Old Dominion not only placed well in this ranking. It is also #4 on our “Best Economics Master’s Degree Schools in Virginia” list. Average graduate tuition and fees at Old Dominion are $33,288, but some majors have different tuition rates.

Full Old Dominion Economics Report

#5

Virginia Commonwealth University

Richmond, Virginia

$29,228 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Virginia Commonwealth University. The school came in at #5 for the Best Value Economics Schools for a Master’s in Virginia For Those Making $30-$48k. Located in Richmond, Virginia, this large public school handed out 2 diplomas to qualified masters’s economics students in 2019-2020.

As a testament to the quality of education offered at VCU, the school also landed the #0 spot in our “Best Economics Master’s Degree Schools in Virginia” ranking. Average graduate tuition and fees at VCU are $29,228, but some majors have different tuition rates.

Read more about Economics at VCU

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