2027 Best Economics Schools in Michigan
Economics degree programs prepare students for a range of careers in the field. While the number of schools offering the program varies, there are still top-quality ones to be found.
To produce this 2027 ranking, College Factual evaluated 8 schools to find the best for economics students.
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Best Schools for Economics in Michigan
If you are not interested in a particular degree level and want to know which schools are the overall best at delivering an education for the economics degrees they offer, see the list below.
Top Schools in Economics
Our analysis ranked University Of Michigan Ann Arbor the best school in the country for a degree in economics. Set in the city of Ann Arbor, University Of Michigan Ann Arbor is a very large public institution. University Of Michigan Ann Arbor graduates 93% of students within six years. About 687 economics degrees were awarded at University Of Michigan Ann Arbor in the most recent year. Economics graduates of University Of Michigan Ann Arbor earn a median of $68,416 early in their careers. Students borrow a median of $19,690 to complete this degree.
Get the full economics details for University Of Michigan Ann Arbor
Michigan State University is one of the finest schools in the country for a degree in economics, ranking #2. Set in the city of East Lansing, Michigan State University is a very large public institution. The six-year graduation rate is 81%. Michigan State University awarded about 328 economics degrees in the most recent data year. Soon after graduation, economics degree recipients from Michigan State University generally make around $54,013. Typical student debt for the program is $24,250.
More information about a degree in economics from Michigan State University
University Of Detroit Mercy came in at #3 on our 2027 list of the best economics schools. Located in the city of Detroit, University Of Detroit Mercy is a moderately-sized private not-for-profit university. About 67% of students finish within six years. There were roughly 17 economics students who graduated with this degree at University Of Detroit Mercy in the most recent data year. Economics graduates of University Of Detroit Mercy earn a median of $76,755 early in their careers. Typical student debt for the program is $29,053.
See the full economics program report for University Of Detroit Mercy
Western Michigan University came in at #4 on our 2027 list of the best economics schools. Set in the city of Kalamazoo, Western Michigan University is a large public institution. The six-year graduation rate is 58%. About 20 economics degrees were awarded at Western Michigan University in the most recent year. Soon after graduation, economics degree recipients from Western Michigan University generally make around $48,966. Western Michigan University graduates carry a median of $27,981 in student loans.
Read more about the economics program at Western Michigan University
Students looking for a strong economics program will find one at Wayne State University, which ranked #5. Set in the city of Detroit, Wayne State University is a very large public institution. Wayne State University graduates 58% of students within six years. There were roughly 27 economics students who graduated with this degree at Wayne State University in the most recent data year. Soon after graduation, economics degree recipients from Wayne State University generally make around $50,648. Students borrow a median of $24,681 to complete this degree.
Read more about the economics program at Wayne State University
Kalamazoo College came in at #6 for economics this year. Set in the city of Kalamazoo, Kalamazoo College is a small private not-for-profit institution. About 76% of students finish within six years. There were roughly 19 economics students who graduated with this degree at Kalamazoo College in the most recent data year. Soon after graduation, economics degree recipients from Kalamazoo College generally make around $42,508. Typical student debt for the program is $27,000.
Get the full economics details for Kalamazoo College
Albion College came in at #7 for economics this year. This small private not-for-profit university is located in the town of Albion. The six-year graduation rate is 62%. Albion College awarded about 19 economics degrees in the most recent data year. Economics graduates of Albion College earn a median of $48,756 early in their careers. Typical student debt for the program is $27,000.
See the full economics program report for Albion College
Northern Michigan University landed the #8 spot for economics this year. This moderately-sized public university is located in the town of Marquette. About 53% of students finish within six years. Northern Michigan University awarded about 17 economics degrees in the most recent data year. Graduates of the economics program make about $40,508 in their early career. Northern Michigan University graduates carry a median of $22,608 in student loans.
More information about a degree in economics from Northern Michigan University
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Notes and References
This ranking is produced by College Factual (MF_RANKING_2025), 2027 edition. The methodology weighs graduation rate, post-graduation earnings, cost, and program quality, drawn primarily from the U.S. Department of Education (IPEDS and College Scorecard).
Ranking method: College Major Top Ranked · 8 schools evaluated.
- 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).
More about our data sources and methodologies.
