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2022 Best Value Bachelor’s Degree Colleges for Economics (Income $48-$75k) in Tennessee

8 Ranked Colleges
425 Degrees Awarded
Best Value Economics Schools for a Bachelor's in Tennessee For Those Making $48-$75k

With all of the options students have for higher education today, it can be tough to choose which direction to take. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $48-$75k” ranking is part of that endeavor.

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 $48-$75k” 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.

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.

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The economics school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $48-$75k”.

You can create your own custom comparison that focuses on the factors most important to you using our tool, College Combat. 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 Bachelor’s in Tennessee For Those Making $48-$75k

The following schools top our list of the Best Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $48-$75k.

Top 8 Best Value Bachelor’s Degree Colleges for Economics (Income $48-$75k) in Tennessee

#1

Vanderbilt University

Nashville, Tennessee
#1 in overall quality
$8,086 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 $48-$75k. Nashville, Tennessee is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 257 students in 2019-2020.

In addition to being on our tennessee bachelor’s degree economics students whose families make $48-$75k list, Vanderbilt has also earned the #1 rank in our “Best Economics Bachelor’s Degree Schools in Tennessee” ranking. It costs about $8,086 for Tennessee Bachelor’s Degree Economics students whose families make $48-$75k per year to attend Vanderbilt University.

With a freshman retention rate of 96%, the school does an excellent job of retaining its students. 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%. 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.

Read more about Economics at Vanderbilt University

#2

Rhodes College

Memphis, Tennessee
#2 in overall quality
$20,749 Average Net Price
$54,713 Average Early-Career Earnings

You’ll be in good company if you decide to attend Rhodes College. It ranked #2 on our 2022 Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $48-$75k list. Rhodes College is a small private not-for-profit school situated in Memphis, Tennessee. It awarded 25 bachelors’s economics degrees in 2019-2020.

Rhodes College did well in our major quality rankings, too. It placed #2 on our “Best Economics Bachelor’s Degree Schools in Tennessee” list. It costs about $20,749 for tennessee bachelor’s degree economics students whose families make $48-$75k per year to attend Rhodes College.

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. Students who start out at the school are likely to stick around. The freshman retention rate is 87%. The student loan default rate at the school is 2.0%, which is quite low when compared to the national default rate of 10.1%.

Full Rhodes College Economics Report

#3

Middle Tennessee State University

Murfreesboro, Tennessee
#5 in overall quality
$14,822 Average Net Price

You’ll join some of the best and brightest minds around if you attend Middle Tennessee State University. The school came in at #3 for the Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $48-$75k. Middle Tennessee State University is located in Murfreesboro, Tennessee and, has a large student population. In 2019-2020, this school awarded 8 bachelors’s economics degrees to qualified students.

As a testament to the quality of education offered at Middle Tennessee State University, the school also landed the #5 spot in our “Best Economics Bachelor’s Degree Schools in Tennessee” ranking. The estimated yearly cost for Middle Tennessee State University is $14,822 for tennessee bachelor’s degree economics students whose families make $48-$75k.

Full Middle Tennessee State University Economics Report

#4

The University of Tennessee - Chattanooga

Chattanooga, Tennessee
#7 in overall quality
$14,601 Average Net Price
$38,829 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend The University of Tennessee - Chattanooga. The school came in at #4 for the Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $48-$75k. Located in Chattanooga, Tennessee, this fairly large public school awarded 4 degrees to qualified bachelors’s economics students in 2019-2020.

In addition to being on our tennessee bachelor’s degree economics students whose families make $48-$75k list, UT Chattanooga has also earned the #7 rank in our “Best Economics Bachelor’s Degree Schools in Tennessee” ranking. The yearly cost to attend The University of Tennessee - Chattanooga is $14,601 for tennessee bachelor’s degree economics students whose families make $48-$75k.

Read full report on Economics at UT Chattanooga

#5

University of Memphis

Memphis, Tennessee
#6 in overall quality
$15,287 Average Net Price

You’ll join some of the best and brightest minds around if you attend University of Memphis. The school came in at #5 for the Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $48-$75k. UofM is a large school located in Memphis, Tennessee that handed out 11 bachelors’s economics degrees in 2019-2020.

As a testament to the quality of education offered at UofM, the school also landed the #6 spot in our “Best Economics Bachelor’s Degree Schools in Tennessee” ranking. The yearly cost to attend University of Memphis is $15,287 for Tennessee Bachelor’s Degree Economics students whose families make $48-$75k.

Full UofM Economics Report

#6

The University of Tennessee - Knoxville

Knoxville, Tennessee
#4 in overall quality
$23,211 Average Net Price
$43,426 Average Early-Career Earnings

The University of Tennessee - Knoxville did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $48-$75k ranking, coming in at #6. The University of Tennessee - Knoxville is a public institution located in Knoxville, Tennessee. The school has a large population, and it awarded 39 bachelors’s degrees 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 $23,211 for Tennessee Bachelor’s Degree Economics students whose families make $48-$75k.

The low student loan default rate of 4.3% 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 school has an excellent freshman retention rate of 89%, which means students like the school well enough to return for a second year.

Full UT Knoxville Economics Report

#7

East Tennessee State University

Johnson City, Tennessee
#8 in overall quality
$16,359 Average Net Price

With a ranking of #7, East Tennessee State University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $48-$75k list. Johnson City, Tennessee is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s economics degrees to 7 students in 2019-2020.

ETSU also made our “Best Economics Bachelor’s Degree Schools in Tennessee” list, coming in at #8. The yearly cost to attend East Tennessee State University is $16,359 for tennessee bachelor’s degree economics students whose families make $48-$75k.

Full East Tennessee State University Economics Report

#8

Sewanee - The University of the South

Sewanee, Tennessee
#3 in overall quality
$24,851 Average Net Price
$43,575 Average Early-Career Earnings

Sewanee - The University of the South came in at #8 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Tennessee For Those Making $48-$75k ranking. Sewanee, Tennessee is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 62 students in 2019-2020.

Sewanee did well in our major quality rankings, too. It placed #3 on our “Best Economics Bachelor’s Degree Schools in Tennessee” list. It costs about $24,851 for Tennessee Bachelor’s Degree Economics students whose families make $48-$75k per year to attend Sewanee.

With a freshman retention rate of 87%, the school does an excellent job of retaining its students. The low student loan default rate of 3.2% 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%. 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.

Read more about Economics at Sewanee

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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