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2022 Best Value Master’s Degree Colleges for General Economics (Income $0-$30k) in the Great Lakes Region

17 Ranked Colleges
130 Degrees Awarded
$24,700 Avg Grad Tuition & Fees*
Best Value General Economics Schools for a Master's in the Great Lakes Region For Those Making $0-$30k

Students have lots of options to chooose from today when trying to decide which college to attend. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k” ranking.

In 2019-2020, 31,150 people earned their degree in general economics, making the major the 22nd most popular in the United States.

Across the Great Lakes region, there were 4,035 general economics graduates with average earnings and debt of $0 and $0 respectively. At the master’s degree level specifically, there were 130 general economics graduates with average earnings and debt of $57,039 and $42,488 respectively.

For this year’s “Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k” ranking, we looked at 17 colleges that offer a degree in general economics. Not only do the schools that top this list have excellent general 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 general economics program at the school. Check out our ranking methodology for more information.

One Size Does Not Fit All

Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k” list, to help you choose the best school for you.

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. When you have some time, check it out - you may want to bookmark the link so you don’t forget it.

Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k

The colleges and universities below are the best for great lakes region master’s degree general economics students whose families make $0-$30k.

Top 17 Best Value Master’s Degree Colleges for General Economics (Income $0-$30k) in the Great Lakes Region

#1 in overall quality

Out of the 17 schools in the Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #1 spot on the list. This large school is located in Ann Arbor, Michigan, and it awarded 17 masters’s general economics degrees in 2019-2020.

U-M also made our “Best General Economics Master’s Degree Schools in the Great Lakes Region” list, coming in at #1. Average graduate tuition and fees at U-M are $49,548, but some majors have different tuition rates.

Full U-M General Economics Report

#2

Indiana University - Bloomington

Bloomington, Indiana
#3 in overall quality

You’ll join some of the best and brightest minds around if you attend Indiana University - Bloomington. The school came in at #2 for the Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k. Indiana University - Bloomington is a public institution located in Bloomington, Indiana. The school has a large population, and it awarded 9 masters’s degrees in 2019-2020.

IU Bloomington did well in our major quality rankings, too. It placed #3 on our “Best General Economics Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at IU Bloomington are $33,338, but some majors have different tuition rates.

Read full report on General Economics at Indiana University - Bloomington

#2 in overall quality

Out of the 17 schools in the Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k that were part of this year’s ranking, Ohio State University - Main Campus landed the #3 spot on the list. Located in Columbus, Ohio, this large public school handed out 7 diplomas to qualified masters’s general economics students in 2019-2020.

Ohio State also took the #2 spot in our “Best General Economics Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Ohio State University - Main Campus are $37,141, but you may pay more or less depending on your major.

Read more about General Economics at Ohio State

#6 in overall quality

You’ll join some of the best and brightest minds around if you attend Indiana University - Purdue University - Indianapolis. The school came in at #4 for the Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k. IUPUI is located in Indianapolis, Indiana and, has a large student population. In 2019-2020, this school awarded 5 masters’s general economics degrees to qualified students.

IUPUI did well in our major quality rankings, too. It placed #6 on our “Best General Economics Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at IUPUI are $26,013, but some majors have different tuition rates.

Full IUPUI General Economics Report

You’ll join some of the best and brightest minds around if you attend University of Illinois at Chicago. The school came in at #5 for the Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k. University of Illinois at Chicago is located in Chicago, Illinois and, has a large student population. In 2019-2020, this school awarded 2 masters’s general economics degrees to qualified students.

UIC also made our “Best General Economics Master’s Degree Schools in the Great Lakes Region” list, coming in at #0. 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.

Full UIC General Economics Report

#6

Central Michigan University

Mount Pleasant, Michigan
#7 in overall quality

With a ranking of #6, Central Michigan University did quite well on the 2022 Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. Mount Pleasant, Michigan is the setting for this fairly large institution of higher learning. The public school handed out masters’s general economics degrees to 14 students in 2019-2020.

Central Michigan also made our “Best General Economics Master’s Degree Schools in the Great Lakes Region” list, coming in at #7. Average graduate tuition and fees at Central Michigan are $19,359, but you may pay more or less depending on your major.

Read more about General Economics at Central Michigan University

#7

University of Detroit Mercy

Detroit, Michigan
#4 in overall quality

With a ranking of #7, University of Detroit Mercy did quite well on the 2022 Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. University of Detroit Mercy is a small school located in Detroit, Michigan that handed out 5 masters’s general economics degrees in 2019-2020.

In addition to being on our great lakes region master’s degree general economics students whose families make $0-$30k list, Detroit Mercy has also earned the #4 rank in our “Best General Economics Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Detroit Mercy are $20,047, but some majors have different tuition rates.

Full University of Detroit Mercy General Economics Report

#8

Youngstown State University

Youngstown, Ohio
#15 in overall quality

Youngstown State University ranked #8 on this year’s Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. Located in Youngstown, Ohio, this fairly large public school awarded 12 degrees to qualified masters’s general economics students in 2019-2020.

Youngstown State University also took the #15 spot in our “Best General Economics Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Youngstown State University are $9,495, but you may pay more or less depending on your major.

Full Youngstown State University General Economics Report

#9

Eastern Illinois University

Charleston, Illinois
#10 in overall quality

Eastern Illinois University came in at #9 in this year’s edition of the Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. EIU is a medium-sized school located in Charleston, Illinois that handed out 11 masters’s general economics degrees in 2019-2020.

As a testament to the quality of education offered at EIU, the school also landed the #10 spot in our “Best General Economics Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at EIU are $20,761, but you may pay more or less depending on your major.

Read more about General Economics at EIU

#10

Northern Illinois University

Dekalb, Illinois
#12 in overall quality

Northern Illinois University ranked #10 on this year’s Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. Located in Dekalb, Illinois, this fairly large public school handed out 4 degrees to qualified masters’s general economics students in 2019-2020.

As a testament to the quality of education offered at NIU, the school also landed the #12 spot in our “Best General Economics Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at NIU are $11,086, but some majors have different tuition rates.

Full NIU General Economics Report

#8 in overall quality

Southern Illinois University Carbondale came in at #11 in this year’s edition of the Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. Southern Illinois University Carbondale is a fairly large school located in Carbondale, Illinois that handed out 4 masters’s general economics degrees in 2019-2020.

As a testament to the quality of education offered at SIUC, the school also landed the #8 spot in our “Best General Economics Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Southern Illinois University Carbondale are $32,928.

Read full report on General Economics at Southern Illinois University Carbondale

#12

Wayne State University

Detroit, Michigan
#9 in overall quality

Wayne State University landed the #12 spot on the 2022 Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. Detroit, Michigan is the setting for this large institution of higher learning. The public school handed out masters’s general economics degrees to 16 students in 2019-2020.

Wayne State not only placed well in this ranking. It is also #9 on our “Best General Economics Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Wayne State University are $37,215, but some majors have different tuition rates.

Read full report on General Economics at Wayne State University

#5 in overall quality

Bowling Green State University - Main Campus ranked #13 on this year’s Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. Bowling Green State University - Main Campus is located in Bowling Green, Ohio and, has a fairly large student population. In 2019-2020, this school awarded 5 masters’s general economics degrees to qualified students.

In addition to being on our great lakes region master’s degree general economics students whose families make $0-$30k list, BGSU has also earned the #5 rank in our “Best General Economics Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at BGSU are $15,823.

Read full report on General Economics at BGSU

#14

Western Illinois University

Macomb, Illinois
#11 in overall quality

Western Illinois University ranked #14 on this year’s Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. This medium-sized school is located in Macomb, Illinois, and it awarded 4 masters’s general economics degrees in 2019-2020.

WIU also took the #11 spot in our “Best General Economics Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Western Illinois University are $11,996.

Read full report on General Economics at WIU

#15

University of Toledo

Toledo, Ohio
#14 in overall quality

With a ranking of #15, University of Toledo did quite well on the 2022 Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. University of Toledo is a fairly large public school situated in Toledo, Ohio. It awarded 10 masters’s general economics degrees in 2019-2020.

As a testament to the quality of education offered at University of Toledo, the school also landed the #14 spot in our “Best General Economics Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at University of Toledo are $27,067, but you may pay more or less depending on your major.

Read more about General Economics at University of Toledo

#16

Cleveland State University

Cleveland, Ohio
#13 in overall quality

Cleveland State University did quite well in the 2022 Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking, coming in at #16. Cleveland State University is a public institution located in Cleveland, Ohio. The school has a fairly large population, and it awarded 4 masters’s degrees in 2019-2020.

Cleveland State University also took the #13 spot in our “Best General Economics Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Cleveland State University are $17,622, but some majors have different tuition rates.

Read more about General Economics at Cleveland State University

#17

Roosevelt University

Chicago, Illinois

Roosevelt University landed the #17 spot on the 2022 Best Value General Economics Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k ranking. Roosevelt is located in Chicago, Illinois and, has a small student population. In 2019-2020, this school awarded 1 masters’s general economics degrees to qualified students.

In addition to being on our great lakes region master’s degree general economics students whose families make $0-$30k list, Roosevelt has also earned the #0 rank in our “Best General Economics Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Roosevelt University are $21,605, but you may pay more or less depending on your major.

Read more about General Economics at Roosevelt

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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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