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2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $75-$110k

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 $75-$110k

With all of the options students have for higher education today, it can be tough to choose which direction to take. 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 Master’s in Illinois For Those Making $75-$110k” 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 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.

This year’s “Best Value Economics Schools for a Master’s in Illinois For Those Making $75-$110k” ranking analyzed 11 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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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 Master’s in Illinois For Those Making $75-$110k” 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. 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 Master’s in Illinois For Those Making $75-$110k

The colleges and universities below are the best for illinois master’s degree economics students whose families make $75-$110k.

Top 11 Best Value Master’s Degree Colleges for Economics (Income $75-$110k) in Illinois

#1

Northwestern University

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

You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #1 for the Best Value Economics Schools for a Master’s in Illinois For Those Making $75-$110k. Northwestern is a large school located in Evanston, Illinois that handed out 34 masters’s economics degrees in 2019-2020.

Northwestern also took the #2 spot in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northwestern University are $56,567, but you may pay more or less depending on your major.

Full Northwestern Economics Report

#2

University of Chicago

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

You’ll join some of the best and brightest minds around if you attend University of Chicago. The school came in at #2 for the Best Value Economics Schools for a Master’s in Illinois For Those Making $75-$110k. Chicago, Illinois is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out masters’s economics degrees to 59 students in 2019-2020.

In addition to being on our illinois master’s degree economics students whose families make $75-$110k list, UChicago has also earned the #1 rank in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at University of Chicago are $61,548, but you may pay more or less depending on your major.

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 $75-$110k list. University of Illinois at Urbana-Champaign is a large public school situated in Champaign, Illinois. 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 UIUC are $30,083, but you may pay more or less depending on your major.

Read full report on 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 $75-$110k list. UIC is a public institution located in Chicago, Illinois. The school has a large population, and it awarded 14 masters’s degrees in 2019-2020.

In addition to being on our illinois master’s degree economics students whose families make $75-$110k list, UIC has also earned the #4 rank in our “Best Economics Master’s Degree Schools in Illinois” ranking. 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 more about 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 be in good company if you decide to attend Eastern Illinois University. It ranked #5 on our 2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $75-$110k list. Located in Charleston, Illinois, this medium-sized public school awarded 11 degrees to qualified masters’s economics students 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.

Full Eastern Illinois University Economics Report

#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 $75-$110k list. Located in Dekalb, Illinois, this fairly large public school awarded 4 diplomas to qualified masters’s economics students in 2019-2020.

NIU did well in our major quality rankings, too. It placed #10 on our “Best Economics Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at NIU are $11,086, but some majors have different tuition rates.

Full Northern Illinois University Economics Report

#7

Southern Illinois University Carbondale

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

Southern Illinois University Carbondale came in at #7 in this year’s edition of the Best Value Economics Schools for a Master’s in Illinois For Those Making $75-$110k ranking. SIUC is a fairly large public school situated in Carbondale, Illinois. It awarded 4 masters’s economics degrees in 2019-2020.

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

Read full report on Economics at Southern Illinois University Carbondale

#8

Western Illinois University

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

Western Illinois University ranked #8 on this year’s Best Value Economics Schools for a Master’s in Illinois For Those Making $75-$110k list. WIU is a public institution located in Macomb, Illinois. The school has a medium-sized population, and it awarded 10 masters’s degrees in 2019-2020.

In addition to being on our illinois master’s degree economics students whose families make $75-$110k list, WIU has also earned the #9 rank in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at WIU are $11,996, but you may pay more or less depending on your major.

Read full report on Economics at Western Illinois University

#9

Illinois State University

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

Illinois State University came in at #9 in this year’s edition of the Best Value Economics Schools for a Master’s in Illinois For Those Making $75-$110k ranking. Illinois State University is a large public school situated in Normal, Illinois. It awarded 14 masters’s economics degrees in 2019-2020.

Illinois State did well in our major quality rankings, too. It placed #6 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 Illinois State University are $11,069.

Read full report on Economics at Illinois State

#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 $75-$110k ranking. Roosevelt University is located in Chicago, Illinois and, has a small student population. In 2019-2020, this school awarded 1 masters’s economics degrees to qualified students.

As a testament to the quality of education offered at Roosevelt, the school also landed the #0 spot in our “Best Economics Master’s Degree Schools in Illinois” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Roosevelt University are $21,605.

Read full report on Economics at Roosevelt

#11

DePaul University

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

DePaul University did quite well in the 2022 Best Value Economics Schools for a Master’s in Illinois For Those Making $75-$110k ranking, coming in at #11. Located in Chicago, Illinois, this large private not-for-profit school handed out 29 diplomas to qualified masters’s economics students in 2019-2020.

DePaul also took the #5 spot in our “Best Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at DePaul University are $19,760, but some majors have different tuition rates.

Read full report on 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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