2023 Best Value Economics Schools in Illinois
Identifying Quality Schools at More Affordable Prices
Finding the Best Economics School for You
Economics is the #34 most popular major in Illinois with 384 degrees and certificates awarded in 2020-2021.
There are lots of options to pick from today when trying to decide which program is right for you. You're no longer limited to schools in your local area, either, since online programs are becoming more prevalent. Or you may find the programs at a trade school to be a better alternative for you.
Along with in-depth profiles of schools and the programs they offer, Grad Degree Search has created the Best Value Economics Schools in Illinois to help you in your search for the best school for you. Our analysis looked at 11 schools in Illinois to see which 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 Schools in Illinois
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 Illinois State University the best value school in Illinois for economics students. Illinois State is a very large public school located in the midsize suburb of Normal.
The average tuition and fees for an in-state undergraduate at Illinois State are $13,968 a year.
Illinois State not only placed well in our value ranking, but it is also #5 on our Best Economics Schools in Illinois list.
Out of the 11 schools in Illinois that were part of this year’s ranking, University of Illinois at Urbana-Champaign landed the # 2 spot on the list. Located in the city of Champaign, UIUC is a public school with a very large student population.
In-state tuition fees for undergraduate students at UIUC are $17,634 per year.
UIUC did well in our overall quality rankings, too. It placed #3 on our Best Economics Schools in Illinois list.
Full Economics at University of Illinois at Urbana-Champaign Report
A rank of #2 on this year’s list means Western Illinois University is a great value for economics students. Located in the remote town of Macomb, WIU is a public school with a moderately-sized student population.
The average tuition and fees for an in-state undergraduate at WIU are $13,297 a year.
Read full report on Economics at Western Illinois University
The excellent programs at Northern Illinois University helped the school earn the #4 place on this year’s ranking of the best economics schools in Illinois. NIU is a fairly large public school located in the suburb of Dekalb.
In-state tuition fees for undergraduate students at NIU are $14,738 per year.
Read full report on Economics at Northern Illinois University
Out of the 11 schools in Illinois that were part of this year’s ranking, Eastern Illinois University landed the # 5 spot on the list. Located in the distant town of Charleston, EIU is a public college with a medium-sized student population.
EIU undergraduate students pay an average of $12,297 in in-state tuition and fees each year.
Read full report on Economics at Eastern Illinois University
Southern Illinois University Carbondale landed the #6 spot in the 2023 rankings for the best value economics programs. SIUC is a large public school located in the small city of Carbondale.
SIUC undergraduate students pay an average of $15,240 in in-state tuition and fees each year.
Full Economics at Southern Illinois University Carbondale Report
University of Illinois at Chicago came in at #7 in this year’s edition of the Best Value Economics Schools in Illinois ranking. UIC is a fairly large public school located in the city of Chicago.
The average tuition and fees for an in-state undergraduate at UIC are $15,603 a year.
Read full report on Economics at University of Illinois at Chicago
DePaul University ranked #8 on this year’s Best Value Economics Schools in Illinois list. Located in the large city of Chicago, DePaul is a private not-for-profit school with a fairly large student population.
DePaul undergraduate students pay an average of $42,012 in in-state tuition and fees each year.
Northwestern University did quite well in this year’s ranking of the best value schools for economics students. It came in at #9 on the list. Located in the city of Evanston, Northwestern is a private not-for-profit college with a fairly large student population.
Northwestern undergraduate students pay an average of $60,768 in in-state tuition and fees each year.
Northwestern also took the #1 spot in our Best Economics Schools in Illinois rankings.
Roosevelt University landed the #10 spot in the 2023 rankings for the best value economics programs. Located in the large city of Chicago, Roosevelt is a private not-for-profit college with a small student population.
The average tuition and fees for an in-state undergraduate at Roosevelt are $31,493 a year.
Best Value Economics Colleges in the Great Lakes Region
Explore all the Best Value Economics Colleges in the Great Lakes Area or other specific states within that region.
| State | Degrees Awarded |
|---|---|
| Michigan | 231 |
| Ohio | 199 |
| Indiana | 97 |
| Wisconsin | 265 |
More Economics Rankings in Illinois
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 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.
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