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

When pursuing a degree in today’s world, students have many different options to choose from. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Economics Schools for a Doctorate in Michigan For Those Making $48-$75k” ranking is one tool we have developed to help in this regard.

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 $48-$75k” ranking looked at 4 colleges that offer degrees in a bachelor’s in economics. The schools that top this list are recognized because they have great economics programs and cost less that schools of similar quality.

When determining these rankings, we looked at things such as overall quality of the economics program at the school and the cost to attend the school once aid has been awarded. See our ranking methodology to learn more.

More Ways to Rank Economics Schools

Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Economics Schools for a Doctorate in Michigan For Those Making $48-$75k” ranking, along with many other major-related rankings, to help you make that 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. When you have some time, check it out - you may want to bookmark the link so you don’t forget it.

Best Value Economics Schools for a Doctorate in Michigan For Those Making $48-$75k

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

Top 4 Best Value Doctor’s Degree Colleges for Economics (Income $48-$75k) in Michigan

#1

University of Michigan - Ann Arbor

Ann Arbor, Michigan

#1 in overall quality

$49,548 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Michigan - Ann Arbor. It ranked #1 on our 2022 Best Value Economics Schools for a Doctorate in Michigan For Those Making $48-$75k list. University of Michigan - Ann Arbor is a public institution located in Ann Arbor, Michigan. The school has a large population, and it awarded 20 doctorate’s degrees in 2019-2020.

U-M also took the #1 spot 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.

Read full report on Economics at U-M

#2

Michigan State University

East Lansing, Michigan

#2 in overall quality

$37,056 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Michigan State University. It ranked #2 on our 2022 Best Value Economics Schools for a Doctorate in Michigan For Those Making $48-$75k list. Michigan State is a large public school situated in East Lansing, Michigan. It awarded 7 doctorate’s economics degrees in 2019-2020.

In addition to being on our michigan doctor’s degree economics students whose families make $48-$75k list, Michigan State has also earned the #2 rank in our “Best Economics Doctor’s Degree Schools in Michigan” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Michigan State University are $37,056.

Full Michigan State Economics Report

#3

Wayne State University

Detroit, Michigan

#3 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 #3 for the Best Value Economics Schools for a Doctorate in Michigan For Those Making $48-$75k. Detroit, Michigan is the setting for this large institution of higher learning. The public school handed out doctorate’s economics degrees to 7 students in 2019-2020.

In addition to being on our michigan doctor’s degree economics students whose families make $48-$75k list, Wayne State has also earned the #3 rank in our “Best Economics Doctor’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Wayne State University are $37,215, but some majors have different tuition rates.

Full Wayne State Economics Report

#4

Western Michigan University

Kalamazoo, Michigan

#3 in overall quality

$31,355 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Western Michigan University. It ranked #4 on our 2022 Best Value Economics Schools for a Doctorate in Michigan For Those Making $48-$75k list. Western Michigan University is a fairly large public school situated in Kalamazoo, Michigan. It awarded 1 doctorate’s economics degrees in 2019-2020.

WMU also made our “Best Economics Doctor’s Degree Schools in Michigan” list, coming in at #3. Average graduate tuition and fees at WMU are $31,355, but some majors have different tuition rates.

Full Western Michigan University Economics Report

• Best Value Doctor’s Degree Colleges for Economics (Income $48-$75k) in the Great Lakes Region
• Best Value Doctor’s Degree Colleges for Economics (Income $48-$75k)

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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