2023 Best Value Economics Schools in the Great Lakes Region
Identifying Quality Schools at More Affordable Prices
Finding the Best Economics 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.
The Best Value Economics Schools in the Great Lakes Region ranking is one of many tools that Grad Degree Search has developed to help you make your educational decision. This report analyzed 35 schools in the Great Lakes Region to see which ones offered the best value programs for economics students. The goal was to highlight schools with more affordable prices than others offering similar quality experiences.
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 Schools in the Great Lakes Region
Check out the economics programs at these schools if you want to get the best value for your educational dollar.
Top 10 Best Economics Schools
Our 2023 rankings named Youngstown State University the best value school in the Great Lakes Region for economics students. Located in the small city of Youngstown, Youngstown State University is a public college with a large student population.
The average tuition and fees for an out-of-state undergraduate student at Youngstown State University are $9,732 a year.
Read full report on Economics at Youngstown State University
A rank of #2 on this year’s list means Illinois State University is a great value for economics students. Illinois State is a very large public school located in the suburb of Normal.
The average tuition and fees for an out-of-state undergraduate student at Illinois State are $24,172 a year.
On top of its placing in our value ranking, Illinois State also did well on our Best Economics Schools in the Great Lakes Region list. It’s in the top 20% of all schools reviewed in this analysis.
A rank of #3 on this year’s list means Valparaiso University is a great value for economics students. Valpo is a small private not-for-profit school located in the suburb of Valparaiso.
Out-of-state tuition fees for undergraduate students at Valpo are $44,796 per year.
You’ll join some of the best and brightest minds around you if you attend Western Illinois University. The school came in at #4 on this year’s Best Value Economics Schools in the Great Lakes Region list. Located in the town of Macomb, WIU is a public college with a moderately-sized student population.
WIU undergraduate students pay an average of $13,297 in tuition and fees each year.
You’ll be in good company if you decide to attend Northern Illinois University. It ranked #5 on our 2023 Best Value Economics Schools in the Great Lakes Region list. NIU is a large public school located in the suburb of Dekalb.
Out-of-state tuition fees for undergraduate students at NIU are $14,738 per year.
Marquette University came in at #6 in this year’s edition of the Best Value Economics Schools in the Great Lakes Region ranking. Marquette is a large private not-for-profit school located in the city of Milwaukee.
Out-of-state tuition fees for undergraduate students at Marquette are $45,766 per year.
As a testament to the quality of education it offers, Marquette also is in the top 10% of our Best Economics Schools in the Great Lakes Region ranking.
University of Wisconsin - Madison came in at #7 in this year’s edition of the Best Value Economics Schools in the Great Lakes Region ranking. Located in the large city of Madison, UW - Madison is a public school with a fairly large student population.
UW - Madison undergraduate students pay an average of $38,608 in tuition and fees each year.
UW - Madison also claimed a spot on our Best Economics Schools in the Great Lakes Region list. It’s in the top 10% of all schools in this category.
With a ranking of #8, Central Michigan University did quite well on this year’s best value schools for economics students. Central Michigan is a fairly large public school located in the distant town of Mount Pleasant.
Central Michigan undergraduate students pay an average of $13,094 in tuition and fees each year.
Read full report on Economics at Central Michigan University
Bowling Green State University - Main Campus came in at #9 in this year’s edition of the Best Value Economics Schools in the Great Lakes Region ranking. BGSU is a large public school located in the fringe town of Bowling Green.
BGSU undergraduate students pay an average of $21,050 in tuition and fees each year.
Ball State University did quite well in this year’s ranking of the best value schools for economics students. It came in at #10 on the list. Located in the city of Muncie, Ball State is a public college with a fairly large student population.
Ball State undergraduate students pay an average of $27,524 in tuition and fees each year.
As a testament to the quality of education it offers, Ball State also is in the top 20% of our Best Economics Schools in the Great Lakes Region ranking.
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 26 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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