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Master's Degree in Family & Consumer Economics

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Master’s Degrees in Family & Consumer Economics

205 Yearly Graduations
$40,368 Median Salary
75% Women
A master's degree in consumer economics is offered at 9 colleges in the United States. In recent years, the majority of the students getting degrees in this area were female, and 40% were from an underrepresented racial-ethnic group. Also, 2.9% of consumer economics graduates were international students.

Education Levels of Consumer Economics Majors

In 2020-2021, 205 earned their master's degree in consumer economics. This makes it the 207th most popular master's degree program in the country.

The following table shows the number of diplomas awarded in consumer economics at each degree level.

Education Level Number of Grads
Bachelor’s Degree 1,193
Master’s Degree 205
Graduate Certificate 33
Doctor’s Degree 13
Associate Degree 10

Earnings of Consumer Economics Majors With Master’s Degrees

The median salary for graduates holding a master's degree in consumer economics is $40,368. A lot of factors can contribute to this number, such as the location of your workplace and the availability of other perks and bonuses. To get a better picture, earnings for this category of people can range from a low of $39,813 to a high of $46,058.

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Student Debt

The data on debt ranges for consumer economics majors who have their master's degree is not available.

Student Diversity

More women than men pursue their master's degree in consumer economics. About 74.6% of graduates with this degree are female.

Gender Number of Grads
Men 52
Women 153
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The racial-ethnic distribution of consumer economics master’s degree students is as follows:

Race/Ethnicity Number of Grads
Asian 7
Black or African American 25
Hispanic or Latino 30
White 113
International Students 6
Other Races/Ethnicities 24
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There are 9 colleges that offer a master’s degree in consumer economics. Learn more about the most popular 9 below:

#1

Arizona State University - Skysong

Scottsdale, Arizona
93 Yearly Graduations
92% Women
43% Racial-Ethnic Minorities*

Arizona State University - Skysong tops the list of the most popular school in the U.S. for consumer economics majors who are seeking their master's degree. Roughly 53,900 attend the school each year. The average in-state tuition for full-time undergraduates is $10,710 per year, while in-state graduate students, on average, pay $9,774 per year. During the 2020-2021 academic year, 93 people received their master's degree in consumer economics from ASU - Skysong. Around 43% of these students were from an underrepresented racial-ethnic group, and 92% were women.

#2

Texas Tech University

Lubbock, Texas
59 Yearly Graduations
46% Women
42% Racial-Ethnic Minorities*

The 2nd most popular school in the country for consumer economics majors who are seeking their master's degree is Texas Tech University. Roughly 40,300 attend the school each year. The average in-state tuition for full-time undergraduates is $8,935 per year, while in-state graduate students, on average, pay $6,956 per year. The consumer economics program at Texas Tech University awarded 59 master's degrees during the 2020-2021 school year. Of these students, 46% were women and 42% were members of underrepresented racial-ethnic groups.

#3

The University of Alabama

Tuscaloosa, Alabama
31 Yearly Graduations
68% Women
16% Racial-Ethnic Minorities*

The 3rd most popular school in the country for consumer economics majors who are seeking their master's degree is The University of Alabama. Roughly 37,800 attend the school each year. The average in-state tuition for full-time undergraduates is $10,780 per year, while in-state graduate students, on average, pay $10,780 per year. For the 2020-2021 academic year, 31 master's degrees were handed out to consumer economics majors at UA. Of these students, 68% were women and 16% were members of underrepresented racial-ethnic groups.

16 Yearly Graduations
88% Women
69% Racial-Ethnic Minorities*

New Mexico State University - Main Campus is the 4th most popular school in the nation for students seeking a master's degree in consumer economics. Each year, around 14,200 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $6,041 per year, while in-state graduate students, on average, pay $4,981 per year. During the 2020-2021 academic year, 16 people received their master's degree in consumer economics from NMSU Main Campus. Of these students, 88% were women and 69% were members of underrepresented racial-ethnic groups.

#5

South Dakota State University

Brookings, South Dakota
2 Yearly Graduations
100% Women

South Dakota State University is the 5th most popular school in the nation for students seeking a master's degree in consumer economics. The average in-state tuition for full-time undergraduates is $7,773 per year, while in-state graduate students, on average, pay $8,164 per year. The consumer economics program at South Dakota State University awarded 2 master's degrees during the 2020-2021 school year.

2 Yearly Graduations
100% Women
50% Racial-Ethnic Minorities*

Arizona State University - Tempe is the 5th most popular school in the nation for students seeking a master's degree in consumer economics. The average in-state tuition for full-time undergraduates is $10,710 per year, while in-state graduate students, on average, pay $11,720 per year. For the 2020-2021 academic year, 2 master's degrees were handed out to consumer economics majors at ASU - Tempe. Of these students, 100% were women and 50% were members of underrepresented racial-ethnic groups.

#7

University of Minnesota - Twin Cities

Minneapolis, Minnesota
1 Yearly Graduations

University of Minnesota - Twin Cities is the 7th most popular school in the nation for students seeking a master's degree in consumer economics. The average in-state tuition for full-time undergraduates is $13,532 per year, while in-state graduate students, on average, pay $17,844 per year. The consumer economics program at University of Minnesota - Twin Cities awarded 1 master's degrees during the 2020-2021 school year.

#7

University of Arizona

Tucson, Arizona
1 Yearly Graduations
100% Women

University of Arizona is the 7th most popular school in the nation for students seeking a master's degree in consumer economics. The average in-state tuition for full-time undergraduates is $10,990 per year, while in-state graduate students, on average, pay $12,106 per year. The consumer economics program at University of Arizona awarded 1 master's degrees during the 2020-2021 school year.

Below are some popular majors that are similar to consumer economics that offer master’s degrees.

Major Annual Degrees Awarded
Child Development & Family Studies 1,281
Food, Nutrition & Related Services 1,083
General Family & Consumer Sciences 328
Textile & Apparel Studies 139
Human Sciences Business Services 51

References

*The racial-ethnic minority student count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the percentage of racial-ethnic minorities.

More about our data sources and methodologies.

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