2022 Best Value Economics Schools in Minnesota For Those Making $48-$75k
Students have lots of options to chooose from today when trying to decide which college to attend. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Economics Schools in Minnesota For Those Making $48-$75k” ranking - to help you make that decision.
Economics is the 18th most popular major in the country with 48,831 degrees awarded in 2019-2020. In 2017-2018, economics graduates who were awarded their degree in 2015-2017, earned an average of $47,295 and had an average of $21,978 in loans still to pay off.
Across Minnesota, there were 891 economics graduates with average earnings and debt of $48,580 and $22,420 respectively.
This year’s “Best Value Economics Schools in Minnesota For Those Making $48-$75k” ranking analyzed 21 colleges that offered a degree in economics. The schools that top this list are recognized because they have great economics programs and cost less that schools of similar quality.
Some of the factors we look at when determining these rankings are overall quality of the economics program at the school and the cost of the school after aid is awarded among other things. See our ranking methodology to learn more.
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Best Value Economics Schools in Minnesota For Those Making $48-$75k
The following schools top our list of the Best Best Value Economics Schools in Minnesota For Those Making $48-$75k.
Top 21 Best Value Colleges for Economics (Income $48-$75k) in Minnesota
You’ll join some of the best and brightest minds around if you attend University of Minnesota - Morris. The school came in at #1 for the Best Value Economics Schools in Minnesota For Those Making $48-$75k. UMN Morris is located in Morris, Minnesota and, has a small student population. In 2019-2020, this school awarded 15 ’s economics degrees to qualified students.
UMN Morris not only placed well in this ranking. It is also #11 on our “Best Economics Schools in Minnesota” list. The yearly cost to attend UMN Morris is $7,558 for Minnesota Economics students whose families make $48-$75k.
The student loan default rate at the school is 2.9%, which is quite low when compared to the national default rate of 10.1%.
You’ll be in good company if you decide to attend University of Minnesota - Twin Cities. It ranked #2 on our 2022 Best Value Economics Schools in Minnesota For Those Making $48-$75k list. University of Minnesota - Twin Cities is located in Minneapolis, Minnesota and, has a large student population. In 2019-2020, this school awarded 413 ’s economics degrees to qualified students.
As a testament to the quality of education offered at UMN Twin Cities, the school also landed the #3 spot in our “Best Economics Schools in Minnesota” ranking. The estimated yearly cost for University of Minnesota - Twin Cities is $12,556 for Minnesota Economics students whose families make $48-$75k.
The student loan default rate at the school is 2.2%, which is quite low when compared to the national default rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 93%.
Read full report on Economics at University of Minnesota - Twin Cities
You’ll join some of the best and brightest minds around if you attend St Olaf College. The school came in at #3 for the Best Value Economics Schools in Minnesota For Those Making $48-$75k. St. Olaf is a small private not-for-profit school situated in Northfield, Minnesota. It awarded 107 ’s economics degrees in 2019-2020.
St. Olaf not only placed well in this ranking. It is also #2 on our “Best Economics Schools in Minnesota” list. The estimated yearly cost for St. Olaf is $17,577 for Minnesota Economics students whose families make $48-$75k.
The student loan default rate at the school is 1.0%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 91%, the school does an excellent job of retaining its students.
You’ll join some of the best and brightest minds around if you attend Carleton College. The school came in at #4 for the Best Value Economics Schools in Minnesota For Those Making $48-$75k. This small school is located in Northfield, Minnesota, and it awarded 45 ’s economics degrees in 2019-2020.
Carleton also took the #1 spot in our “Best Economics Schools in Minnesota” ranking. The estimated yearly cost for Carleton College is $16,716 for Minnesota Economics students whose families make $48-$75k.
With a freshman retention rate of 94%, the school does an excellent job of retaining its students. The low student loan default rate of 1.3% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. Since the school has a student-to-faculty ratio of 8 to 1, those pursuing a degree will have more opportunities to interact with their professors.
You’ll join some of the best and brightest minds around if you attend Macalester College. The school came in at #5 for the Best Value Economics Schools in Minnesota For Those Making $48-$75k. Macalester is located in Saint Paul, Minnesota and, has a small student population. In 2019-2020, this school awarded 55 ’s economics degrees to qualified students.
Macalester not only placed well in this ranking. It is also #4 on our “Best Economics Schools in Minnesota” list. The estimated yearly cost for Macalester College is $20,102 for Minnesota Economics students whose families make $48-$75k.
The low student loan default rate of 0.9% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. The impressive student-to-faculty ratio of 10 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The school has an excellent freshman retention rate of 90%, which means students like the school well enough to return for a second year.
University of Minnesota - Duluth ranked #6 on this year’s Best Value Economics Schools in Minnesota For Those Making $48-$75k list. UMN Duluth is located in Duluth, Minnesota and, has a fairly large student population. In 2019-2020, this school awarded 27 ’s economics degrees to qualified students.
In addition to being on our minnesota economics students whose families make $48-$75k list, UMN Duluth has also earned the #9 rank in our “Best Economics Schools in Minnesota” ranking. It costs about $12,438 for Minnesota Economics students whose families make $48-$75k per year to attend University of Minnesota - Duluth.
The student loan default rate at the school is 3.1%, which is quite low when compared to the national default rate of 10.1%.
Minnesota State University - Mankato landed the #7 spot on the 2022 Best Value Economics Schools in Minnesota For Those Making $48-$75k ranking. Mankato, Minnesota is the setting for this fairly large institution of higher learning. The public school handed out ’s economics degrees to 25 students in 2019-2020.
Minnesota State Mankato also took the #10 spot in our “Best Economics Schools in Minnesota” ranking. The estimated yearly cost for Minnesota State University - Mankato is $14,451 for minnesota economics students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 4.4%, which is much lower than the national rate of 10.1%.
Bemidji State University landed the #8 spot on the 2022 Best Value Economics Schools in Minnesota For Those Making $48-$75k ranking. Bemidji State University is a small school located in Bemidji, Minnesota that handed out 2 ’s economics degrees in 2019-2020.
Bemidji State University also took the #14 spot in our “Best Economics Schools in Minnesota” ranking. It costs about $14,001 for Minnesota Economics students whose families make $48-$75k per year to attend Bemidji State University.
With a ranking of #9, Saint Cloud State University did quite well on the 2022 Best Value Economics Schools in Minnesota For Those Making $48-$75k list. This fairly large school is located in Saint Cloud, Minnesota, and it awarded 11 ’s economics degrees in 2019-2020.
St. Cloud State University not only placed well in this ranking. It is also #19 on our “Best Economics Schools in Minnesota” list. The estimated yearly cost for St. Cloud State University is $13,373 for Minnesota Economics students whose families make $48-$75k.
With a ranking of #10, Saint Johns University did quite well on the 2022 Best Value Economics Schools in Minnesota For Those Making $48-$75k list. Saint Johns University is a small private not-for-profit school situated in Collegeville, Minnesota. It awarded 33 ’s economics degrees in 2019-2020.
SJU also took the #6 spot in our “Best Economics Schools in Minnesota” ranking. The estimated yearly cost for Saint Johns University is $19,017 for Minnesota Economics students whose families make $48-$75k.
The student loan default rate at the school is 1.2%, which is quite low when compared to the national default rate of 10.1%.
College of Saint Benedict landed the #11 spot on the 2022 Best Value Economics Schools in Minnesota For Those Making $48-$75k ranking. Located in Saint Joseph, Minnesota, this small private not-for-profit school awarded 10 degrees to qualified ’s economics students in 2019-2020.
CSB also made our “Best Economics Schools in Minnesota” list, coming in at #5. The yearly cost to attend College of Saint Benedict is $20,978 for minnesota economics students whose families make $48-$75k.
The low student loan default rate of 0.9% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. With a freshman retention rate of 89%, the school does an excellent job of retaining its students.
Gustavus Adolphus College ranked #12 on this year’s Best Value Economics Schools in Minnesota For Those Making $48-$75k list. Gustavus Adolphus College is a private not-for-profit institution located in Saint Peter, Minnesota. The school has a small population, and it awarded 24 ’s degrees in 2019-2020.
Gustavus Adolphus not only placed well in this ranking. It is also #7 on our “Best Economics Schools in Minnesota” list. It costs about $14,548 for Minnesota Economics students whose families make $48-$75k per year to attend Gustavus Adolphus.
With a freshman retention rate of 88%, the school does an excellent job of retaining its students. The student loan default rate at the school is 1.5%, which is quite low when compared to the national default rate of 10.1%.
St Catherine University came in at #13 in this year’s edition of the Best Value Economics Schools in Minnesota For Those Making $48-$75k ranking. St. Kate’s is located in Saint Paul, Minnesota and, has a small student population. In 2019-2020, this school awarded 11 ’s economics degrees to qualified students.
St. Kate’s did well in our major quality rankings, too. It placed #13 on our “Best Economics Schools in Minnesota” list. It costs about $17,062 for Minnesota Economics students whose families make $48-$75k per year to attend St Catherine University.
The low student loan default rate of 2.7% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Winona State University came in at #14 in this year’s edition of the Best Value Economics Schools in Minnesota For Those Making $48-$75k ranking. Located in Winona, Minnesota, this medium-sized public school awarded 5 diplomas to qualified ’s economics students in 2019-2020.
Winona State also made our “Best Economics Schools in Minnesota” list, coming in at #18. It costs about $15,140 for minnesota economics students whose families make $48-$75k per year to attend Winona State University.
The student loan default rate at the school is 3.4%, which is quite low when compared to the national default rate of 10.1%.
Minnesota State University - Moorhead ranked #15 on this year’s Best Value Economics Schools in Minnesota For Those Making $48-$75k list. MSU Moorhead is a medium-sized school located in Moorhead, Minnesota that handed out 7 ’s economics degrees in 2019-2020.
In addition to being on our minnesota economics students whose families make $48-$75k list, MSU Moorhead has also earned the #16 rank in our “Best Economics Schools in Minnesota” ranking. The estimated yearly cost for MSU Moorhead is $15,002 for Minnesota Economics students whose families make $48-$75k.
The low student loan default rate of 4.5% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
With a ranking of #16, Metropolitan State University did quite well on the 2022 Best Value Economics Schools in Minnesota For Those Making $48-$75k list. This medium-sized school is located in Saint Paul, Minnesota, and it awarded 7 ’s economics degrees in 2019-2020.
Metro State did well in our major quality rankings, too. It placed #20 on our “Best Economics Schools in Minnesota” list. It costs about $15,869 for minnesota economics students whose families make $48-$75k per year to attend Metro State.
Read full report on Economics at Metropolitan State University
Hamline University ranked #17 on this year’s Best Value Economics Schools in Minnesota For Those Making $48-$75k list. This small school is located in Saint Paul, Minnesota, and it awarded 7 ’s economics degrees in 2019-2020.
Hamline did well in our major quality rankings, too. It placed #17 on our “Best Economics Schools in Minnesota” list. The yearly cost to attend Hamline University is $18,963 for minnesota economics students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 3.3%, which is much lower than the national rate of 10.1%.
Saint Mary’s University of Minnesota came in at #18 in this year’s edition of the Best Value Economics Schools in Minnesota For Those Making $48-$75k ranking. Winona, Minnesota is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 13 students in 2019-2020.
SMU MN also took the #21 spot in our “Best Economics Schools in Minnesota” ranking. The estimated yearly cost for Saint Mary’s University of Minnesota is $16,050 for minnesota economics students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 3.1%, which is much lower than the national rate of 10.1%.
Augsburg University landed the #19 spot on the 2022 Best Value Economics Schools in Minnesota For Those Making $48-$75k ranking. This small school is located in Minneapolis, Minnesota, and it awarded 22 ’s economics degrees in 2019-2020.
Augsburg also made our “Best Economics Schools in Minnesota” list, coming in at #12. It costs about $23,301 for Minnesota Economics students whose families make $48-$75k per year to attend Augsburg University.
Bethel University Minnesota ranked #20 on this year’s Best Value Economics Schools in Minnesota For Those Making $48-$75k list. This small school is located in Saint Paul, Minnesota, and it awarded 5 ’s economics degrees in 2019-2020.
Bethel University Minnesota did well in our major quality rankings, too. It placed #15 on our “Best Economics Schools in Minnesota” list. It costs about $22,228 for Minnesota Economics students whose families make $48-$75k per year to attend Bethel University Minnesota.
The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year. The school has an impressive student loan default rate. It’s only 3.0%, which is much lower than the national rate of 10.1%.
University of St Thomas Minnesota did quite well in the 2022 Best Value Economics Schools in Minnesota For Those Making $48-$75k ranking, coming in at #21. UST MN is located in Saint Paul, Minnesota and, has a medium-sized student population. In 2019-2020, this school awarded 46 ’s economics degrees to qualified students.
UST MN did well in our major quality rankings, too. It placed #8 on our “Best Economics Schools in Minnesota” list. The yearly cost to attend University of St Thomas Minnesota is $26,172 for minnesota economics students whose families make $48-$75k.
The student loan default rate at the school is 2.1%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year.
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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.
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- Credit for the banner image above goes to pixabay.
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