2024 Best Value Bachelor's Degree Colleges for Economics in Michigan
11
Colleges
127,628
Bachelor's Degrees
$28,737
Avg Cost*
Finding the Best Value Economics School for You
Economics is the #13 most popular major in Michigan with 127,628 bachelor's degrees awarded in 2021-2022. This means that of the 5,415,716 bachelor's that were awarded in the country, 2.4% were from a college or university in the state.
This year's Best Value Bachelor's Degree Colleges for Economics in Michigan ranking analyzed 11 colleges that offered a bachelor's degree in economics. To us, 'best value' doesn't just mean the school with the lowest overall costs. Instead, we are looking at those economics schools that offer a high quality educational experience at a price lower than expected.
To determine the average cost, we look at total expenses - such as tuition, fees, room and board, books, and other related expenses - and then subtract the average financial award a student receives. Knowing this amount can help you determine how much you may have to borrow in loans or take out of savings. Depending on your income and other factors, the cost for you to attend a particular school may be more or less.
One Size Does Not Fit All
Since picking the right college can be one of the most important decisions of your life, we've developed the Best Value Economics Schools ranking, along with many other major-related rankings, to help you make that decision.
In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat.
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.
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Featured Economics Programs
Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
MS in Applied Economics
If you're the kind of person who enjoys working with numbers and solving tough problems, a graduate degree in economics may be for you.
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2024 Best Value Economics Schools in Michigan
The following schools top our list of the Best Economics Colleges for the Money.
Top 10 Best Value Economics Schools
Our rankings recognize University of Michigan - Ann Arbor as the #1 school in this year's rankings. Located in the midsize city of Ann Arbor, U-M is a public school with a very large student population. U-M not only placed well in our value rankings. It is also #1 on our Best Economics Schools in Michigan list.
It takes the average student at U-M about 4.2 years to graduate, and the yearly average cost to attend the school is $42,050. This makes the estimated cost of a bachelor’s degree from U-M be around $174,928. Graduating sooner can prevent you from having to pay more money out of pocket.
Full Economics at University of Michigan - Ann Arbor Report
Michigan State University landed the #2 spot in our 2024 rankings for best value economics schools. Michigan State is a fairly large public school located in the city of East Lansing. In addition to being on our best value list, Michigan State has also earned the #2 rank in our Best Economics Schools in Michigan ranking.
The average student at Michigan State graduates in less than 4.4 years, and the estimated yearly cost for the school is $37,079. This means that the average student pays around $161,294 to get a bachelor’s degree from Michigan State. Graduating sooner can prevent you from having to pay more money out of pocket.
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Western Michigan University comes in at #3 in this year's ranking. WMU is a large public school located in the city of Kalamazoo. WMU not only placed well in our value rankings. It is also #3 on our Best Economics Schools in Michigan list.
The average amount of time it takes for a student to receive their degree at WMU is 4.6 years, and the estimated yearly cost for the school is $19,851. Putting this cost and the average time to graduate together, we find that the average amount you’ll pay to get a bachelor’s degree from WMU is $92,109. If you can shave even one term off your degree, you can save a substantial amount of money.
Read full report on Economics at Western Michigan University
The #4 spot in this year's ranking belongs to Wayne State University. Wayne State is a fairly large public school located in the city of Detroit. Wayne State also made our Best Economics Schools in Michigan list, coming in at #4.
It takes the average student at Wayne State about 4.7 years to graduate, and the yearly average cost to attend the school is $34,202. This means that the average student pays around $161,775 to get a bachelor’s degree from Wayne State. The sooner a student graduates, the more money they can save.
Full Economics at Wayne State University Report
Eastern Michigan University landed the #5 spot in our 2024 rankings for best value economics schools. Eastern Michigan is a large public school located in the large suburb of Ypsilanti. Eastern Michigan did well in our quality rankings, too. It placed #5 on our Best Economics Schools in Michigan list.
At Eastern Michigan, the average time it takes a student to graduate is 4.7 years, and the estimated yearly cost for the school is $22,490. This makes the estimated cost of a bachelor’s degree from Eastern Michigan be around $106,603. Graduating sooner can prevent you from having to pay more money out of pocket.
Read full report on Economics at Eastern Michigan University
Central Michigan University landed the #6 spot in our 2024 rankings for best value economics schools. Central Michigan is a large public school located in the distant town of Mount Pleasant. Central Michigan did well in our quality rankings, too. It placed #7 on our Best Economics Schools in Michigan list.
It takes the average student at Central Michigan about 4.7 years to graduate, and on average, the annual cost to attend the school is $25,692. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from Central Michigan is $119,468. When students graduate in a lesser amount of time, they can save thousands of dollars.
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Grand Valley State University comes in at #7 in this year's ranking. Located in the large suburb of Allendale, GVSU is a public school with a very large student population. GVSU also made our Best Economics Schools in Michigan list, coming in at #9.
The average amount of time it takes for a student to receive their degree at GVSU is 4.5 years, and the estimated yearly cost for the school is $23,554. This means that the average student pays around $106,229 to get a bachelor’s degree from GVSU. The sooner a student graduates, the more money they can save.
Read full report on Economics at Grand Valley State University
The #8 spot in this year's ranking belongs to University of Michigan - Dearborn. Located in the medium-sized city of Dearborn, UM Dearborn is a public college with a moderately-sized student population.
The sooner a student graduates, the more money they can save.
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Northern Michigan University earned the #9 spot in our 2024 rankings. Located in the town of Marquette, Northern Michigan University is a public college with a medium-sized student population.
The average student at Northern Michigan University graduates in less than 4.5 years, and the average full-time cost to attend the school is around $23,345. Putting this cost and the average time to graduate together, we find that the average amount you’ll pay to get a bachelor’s degree from Northern Michigan University is $105,519. The sooner a student graduates, the more money they can save.
Full Economics at Northern Michigan University Report
The #10 spot in this year's ranking belongs to Kalamazoo College. Located in the city of Kalamazoo, K College is a private not-for-profit school with a small student population. K College also took the #6 spot in our Best Economics Schools in Michigan rankings.
At K College, the average time it takes a student to graduate is 4.1 years, and the average full-time cost to attend the school is around $32,104. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from K College is $132,911. When students graduate in a lesser amount of time, they can save thousands of dollars.
Full Economics at Kalamazoo College Report
More Economics Rankings in Michigan
One of 13 majors within the Social Sciences area of study, Economics has other similar majors worth exploring.
Notes and References
*These averages are for the top 11 schools only.
- 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 the rest 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).
- Credit for the banner image above goes to pixabay.
More about our data sources and methodologies.
