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2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k

11 Ranked Colleges
256 Degrees Awarded
$27,700 Avg Grad Tuition & Fees*
Best Value Economics Schools for a Master's in Illinois For Those Making $48-$75k

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 Master’s in Illinois For Those Making $48-$75k” ranking - to help you make that decision.

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 Illinois, there were 2,106 economics graduates with average earnings and debt of $49,350 and $22,044 respectively. At the master’s degree level specifically, there were 256 economics graduates with average earnings and debt of $57,267 and $46,814 respectively.

For this year’s “Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k” ranking, we looked at 11 colleges that offer 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. Check out our ranking methodology for more information.

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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 Master’s in Illinois For Those Making $48-$75k”.

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. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.

Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k

The colleges and universities below are the best for illinois master’s degree economics students whose families make $48-$75k.

Top 11 Best Value Master’s Degree Colleges for Economics (Income $48-$75k) in Illinois

#1

Northwestern University

Evanston, Illinois
#2 in overall quality
$56,567 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Northwestern University. It ranked #1 on our 2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k list. Northwestern University is a large private not-for-profit school situated in Evanston, Illinois. It awarded 34 masters’s economics degrees in 2019-2020.

In addition to being on our illinois master’s degree economics students whose families make $48-$75k list, Northwestern has also earned the #2 rank in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northwestern are $56,567, but you may pay more or less depending on your major.

Full Northwestern University Economics Report

#2

University of Chicago

Chicago, Illinois
#1 in overall quality
$61,548 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Chicago. It ranked #2 on our 2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k list. UChicago is a private not-for-profit institution located in Chicago, Illinois. The school has a fairly large population, and it awarded 59 masters’s degrees in 2019-2020.

UChicago did well in our major quality rankings, too. It placed #1 on our “Best Economics Master’s Degree Schools in Illinois” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Chicago are $61,548.

Full UChicago Economics Report

#3

University of Illinois at Urbana-Champaign

Champaign, Illinois
#3 in overall quality
$30,083 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #3 on our 2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k list. This large school is located in Champaign, Illinois, and it awarded 76 masters’s economics degrees in 2019-2020.

As a testament to the quality of education offered at UIUC, the school also landed the #3 spot in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at University of Illinois at Urbana-Champaign are $30,083, but some majors have different tuition rates.

Read more about Economics at UIUC

#4

University of Illinois at Chicago

Chicago, Illinois
#4 in overall quality
$27,036 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Illinois at Chicago. It ranked #4 on our 2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k list. University of Illinois at Chicago is a public institution located in Chicago, Illinois. The school has a large population, and it awarded 14 masters’s degrees in 2019-2020.

UIC not only placed well in this ranking. It is also #4 on our “Best Economics Master’s Degree Schools in Illinois” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Illinois at Chicago are $27,036.

Read full report on Economics at University of Illinois at Chicago

#5

Eastern Illinois University

Charleston, Illinois
#8 in overall quality
$20,761 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Eastern Illinois University. The school came in at #5 for the Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k. EIU is a medium-sized school located in Charleston, Illinois that handed out 11 masters’s economics degrees in 2019-2020.

EIU also made our “Best Economics Master’s Degree Schools in Illinois” list, coming in at #8. Average graduate tuition and fees at Eastern Illinois University are $20,761, but some majors have different tuition rates.

Read full report on Economics at Eastern Illinois University

#6

Northern Illinois University

Dekalb, Illinois
#10 in overall quality
$11,086 Avg Grad Tuition & Fees

With a ranking of #6, Northern Illinois University did quite well on the 2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k list. Northern Illinois University is a fairly large school located in Dekalb, Illinois that handed out 4 masters’s economics degrees in 2019-2020.

NIU also made our “Best Economics Master’s Degree Schools in Illinois” list, coming in at #10. Average graduate tuition and fees at NIU are $11,086, but some majors have different tuition rates.

Read more about Economics at Northern Illinois University

#7

Southern Illinois University Carbondale

Carbondale, Illinois
#7 in overall quality
$32,928 Avg Grad Tuition & Fees

With a ranking of #7, Southern Illinois University Carbondale did quite well on the 2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k list. Carbondale, Illinois is the setting for this fairly large institution of higher learning. The public school handed out masters’s economics degrees to 4 students in 2019-2020.

SIUC also made our “Best Economics Master’s Degree Schools in Illinois” list, coming in at #7. Although you might pay more or less depending on your area of study, average graduate tuition and fees at SIUC are $32,928.

Read more about Economics at Southern Illinois University Carbondale

#8

Illinois State University

Normal, Illinois
#6 in overall quality
$11,069 Avg Grad Tuition & Fees

Illinois State University landed the #8 spot on the 2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k ranking. Normal, Illinois is the setting for this large institution of higher learning. The public school handed out masters’s economics degrees to 14 students in 2019-2020.

As a testament to the quality of education offered at Illinois State, the school also landed the #6 spot in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Illinois State University are $11,069, but some majors have different tuition rates.

Full Illinois State University Economics Report

#9

Western Illinois University

Macomb, Illinois
#9 in overall quality
$11,996 Avg Grad Tuition & Fees

Western Illinois University ranked #9 on this year’s Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k list. This medium-sized school is located in Macomb, Illinois, and it awarded 10 masters’s economics degrees in 2019-2020.

As a testament to the quality of education offered at WIU, the school also landed the #9 spot in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Western Illinois University are $11,996, but some majors have different tuition rates.

Read more about Economics at Western Illinois University

#10

Roosevelt University

Chicago, Illinois
$21,605 Avg Grad Tuition & Fees

Roosevelt University landed the #10 spot on the 2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k ranking. Roosevelt is a private not-for-profit institution located in Chicago, Illinois. The school has a small population, and it awarded 1 masters’s degrees in 2019-2020.

Roosevelt also made our “Best Economics Master’s Degree Schools in Illinois” list, coming in at #0. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Roosevelt University are $21,605.

Full Roosevelt University Economics Report

#11

DePaul University

Chicago, Illinois
#5 in overall quality
$19,760 Avg Grad Tuition & Fees
$64,990 Average Early-Career Earnings

DePaul University landed the #11 spot on the 2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $48-$75k ranking. Chicago, Illinois is the setting for this large institution of higher learning. The private not-for-profit school handed out masters’s economics degrees to 29 students in 2019-2020.

DePaul not only placed well in this ranking. It is also #5 on our “Best Economics Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at DePaul University are $19,760, but you may pay more or less depending on your major.

Read more about Economics at DePaul 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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