2023 Best Value Economics Doctor's Degree Schools in the Great Lakes Region
Identifying Quality Schools at More Affordable Prices
Finding the Best Economics Doctor's Degree School for You
Out of all the majors we analyze each year, economics was ranked #42 in the country. In fact 6,173 degrees and certificates were handed out in 2020-2021.
There are lots of options to pick from today when trying to decide which program is right for you. As online education oppotunities continue to grow, you're not restricted to just schools in your local area anymore. Even some of the 'big name' schools are offering online courses. Also, there are a number of trade schools with offerings that you might find attractive.
To assist you in seeing some of the education options that are available to you, Grad Degree Search has created its Best Value Economics Doctor's Degree Schools in the Great Lakes Region ranking. Our analysis looked at 18 schools in the Great Lakes Region to see which doctor's degree programs offered the best value experiences for economics students with the aim of identifying those quality schools that are more affordable than some of their counterparts.
When determining this ranking, we place a high emphasis on the school's quality as well as its sticker price. Even though a college may be affordable, it may not offer value. More specifically, we discount our quality score by the published tuition and fees charged by a school. This gives the cost per unit of quality for each college. The value is determined by how much quality your dollar buys.
Our calculations use out-of-state tuition and fees in our nationwide and regional rankings. Average in-state tuition and fees are used for our statewide rankings.
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2023 Best Value Economics Doctor’s Degree Schools in the Great Lakes Region
The following schools top our list of the Best Value Economics Doctor's Degree Colleges.
Top 10 Best Economics Doctor's Degree Schools
Our analysis found Northern Illinois University to be the best value school for economics students who want to pursue a doctor’s degree in the Great Lakes Region . NIU is a fairly large public school located in the small suburb of Dekalb.
The average tuition and fees for an out-of-state graduate students at NIU are $11,390 a year.
Read full report on Economics at Northern Illinois University
Out of the 18 schools in the Great Lakes Region that were part of this year’s ranking, University of Wisconsin - Madison landed the # 2 spot on the list. Located in the city of Madison, UW - Madison is a public college with a fairly large student population.
Out-of-state tuition fees for graduate students at UW - Madison are $25,501 per year.
UW - Madison excels when it comes to quality. It’s ranked in the top 15% of all schools on our Best Economics Doctor’s Degree Schools in the Great Lakes Region list.
You’ll join some of the best and brightest minds around you if you attend Purdue University - Main Campus. The school came in at #3 on this year’s Best Value Economics Doctor’s Degree Schools in the Great Lakes Region list. Located in the city of West Lafayette, Purdue is a public school with a fairly large student population.
Out-of-state tuition fees for graduate students at Purdue are $28,794 per year.
Purdue excels when it comes to quality. It’s ranked in the top 10% of all schools on our Best Economics Doctor’s Degree Schools in the Great Lakes Region list.
Out of the 18 schools in the Great Lakes Region that were part of this year’s ranking, University of Illinois at Urbana-Champaign landed the # 4 spot on the list. Located in the small city of Champaign, UIUC is a public school with a fairly large student population.
The average tuition and fees for an out-of-state graduate students at UIUC are $30,862 a year.
In addition to its great value ranking, UIUC is in the top 10% of all schools on our Best Economics Doctor’s Degree Schools in the Great Lakes Region list.
Full Economics at University of Illinois at Urbana-Champaign Report
Out of the 18 schools in the Great Lakes Region that were part of this year’s ranking, Michigan State University landed the # 5 spot on the list. Michigan State is a fairly large public school located in the small city of East Lansing.
Michigan State graduate students pay an average of $38,638 in tuition and fees each year.
On top of its placing in our value ranking, Michigan State also did well on our Best Economics Doctor’s Degree Schools in the Great Lakes Region list. It’s in the top 15% of all schools reviewed in this analysis.
Northwestern University landed the #6 spot in the 2023 rankings for the best value doctor’s degree economics programs. Located in the small city of Evanston, Northwestern is a private not-for-profit college with a very large student population.
The average tuition and fees for an out-of-state graduate students at Northwestern are $56,567 a year.
Northwestern also made our Best Economics Doctor’s Degree Schools in the Great Lakes Region list, coming in at #1.
Indiana University - Bloomington landed the #6 spot in the 2023 rankings for the best value doctor’s degree economics programs. IU Bloomington is a fairly large public school located in the small city of Bloomington.
Out-of-state tuition fees for graduate students at IU Bloomington are $33,352 per year.
University of Chicago landed the #8 spot in the 2023 rankings for the best value doctor’s degree economics programs. UChicago is a large private not-for-profit school located in the city of Chicago.
UChicago graduate students pay an average of $63,936 in tuition and fees each year.
In addition to its best value ranking, and one of the reasons why the school is on the list, UChicago is ranked #2 for overall quality for economics in the Great Lakes Region .
University of Notre Dame did quite well in this year’s ranking of the best places for economics students to get a doctor’s degree. It came in at #9 on the list. Located in the large suburb of Notre Dame, Notre Dame is a private not-for-profit college with a fairly large student population.
Notre Dame graduate students pay an average of $58,662 in tuition and fees each year.
Notre Dame also took the #4 spot in our Best Economics Doctor’s Degree Schools in the Great Lakes Region rankings.
University of Wisconsin - Milwaukee ranked #10 on this year’s Best Value Economics Doctor’s Degree Schools in the Great Lakes Region list. Located in the city of Milwaukee, UWM is a public school with a very large student population.
Out-of-state tuition fees for graduate students at UWM are $25,651 per year.
Best Economics Colleges by State
Explore the best economics schools for a specific state in the Great Lakes region.
| State | Degrees Awarded |
|---|---|
| Michigan | 231 |
| Illinois | 384 |
| Ohio | 199 |
| Indiana | 97 |
| Wisconsin | 265 |
More Economics Rankings in the Great Lakes Region
Economics Related Majors for Economics
Economics is one of 12 different types of programs to choose from.
Most Popular Majors Related to Economics
| Related Major | Annual Graduates |
|---|---|
| International Relations & National Security | 5,010 |
| Political Science & Government | 2,664 |
| Geography & Cartography | 2,315 |
| Sociology | 1,907 |
| Anthropology | 1,446 |
Notes and References
*These averages are for the top 18 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.
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