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Best Economics Schools in the Great Lakes Region

2023 Best Economics Schools in the Great Lakes Region

86 Colleges
$48,027 Avg Salary
$23,639 Avg Student Debt

Finding the Best Economics School for You

Economics is the #19 most popular major in the country with 49,055 degrees and certificates awarded in 2020-2021.

With all the programs available today, it can be tough to choose which one is the best for you. You can choose a traditional brick and mortar school, or with the growth of online education, you can attend a school half-way across the country without even leaving your house. Also there are many trade schools that offer short-term programs that open up more career options.

The Best Economics Schools in the Great Lakes Region ranking is one of many tools that Course Advisor has developed to help you make your educational decision. This report analyzed 86 schools in the Great Lakes Region to see which ones offered the best programs for students.

View our full ranking methodology.

2023 Best Economics Schools in the Great Lakes Region

Check out the economics programs at these schools if you want to get the best education that money can buy.

Top 15% Best Economics Schools

#1

University of Chicago

Chicago, IL

Our 2023 rankings named University of Chicago the best school in the Great Lakes Region for economics students. UChicago is a fairly large private not-for-profit school located in the large city of Chicago.

While working on their degree, economics majors at UChicago accumulate an average of around $16,256 in student debt. This translates to an average monthly loan payment of $708, based on a 10-year repayment plan.

Full Economics at University of Chicago Report

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#2

University of Notre Dame

Notre Dame, IN

A rank of #2 on this year’s list means University of Notre Dame is a great place for economics students. Located in the suburb of Notre Dame, Notre Dame is a private not-for-profit school with a fairly large student population.

Economics majors at Notre Dame take out an average of $19,000 in student loans while working on their egree. The average monthly payment of a loan this size is about $593, assuming that the borrower is on a 10-year repayment plan.

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#3

Northwestern University

Evanston, IL

You’ll be in good company if you decide to attend Northwestern University. It ranked #3 on our 2023 Best Economics Schools in the Great Lakes Region list. Located in the small city of Evanston, Northwestern is a private not-for-profit school with a fairly large student population.

After completing their degree, economics graduates from Northwestern carry an average student debtload of $15,500. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $456.

Full Economics at Northwestern University Report

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#4

DePauw University

Greencastle, IN

A rank of #4 on this year’s list means DePauw University is a great place for economics students. Located in the town of Greencastle, DePauw is a private not-for-profit school with a small student population.

After completing their degree, economics graduates from DePauw carry an average student debtload of $26,814. Assuming that a graduate chooses a 10-year repayment plan, the average monthly loan payment is $789.

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You’ll be in good company if you decide to attend University of Michigan - Ann Arbor. It ranked #5 on our 2023 Best Economics Schools in the Great Lakes Region list. Located in the city of Ann Arbor, U-M is a public college with a fairly large student population.

Economics majors at U-M take out an average of $18,742 in student loans while working on their egree. This translates to an average monthly loan payment of $481, based on a 10-year repayment plan.

Full Economics at University of Michigan - Ann Arbor Report

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#6

Denison University

Granville, OH

Denison University came in at #6 in this year’s edition of the Best Economics Schools in the Great Lakes Region ranking. Denison is a small private not-for-profit school located in the suburb of Granville.

Economics majors at Denison take out an average of $25,000 in student loans while working on their egree.

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Wheaton College Illinois landed the #7 spot in the 2023 rankings for the best economics programs. Wheaton College Illinois is a small private not-for-profit school located in the large suburb of Wheaton.

The average amount in student loans that economics majors at Wheaton College Illinois take out is $22,944.

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University of Wisconsin - River Falls landed the #8 spot in the 2023 rankings for the best economics programs. Located in the distant town of River Falls, UW - River Falls is a public school with a moderately-sized student population.

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University of Wisconsin - Madison ranked #9 on this year’s Best Economics Schools in the Great Lakes Region list. Located in the large city of Madison, UW - Madison is a public school with a very large student population.

While working on their degree, economics majors at UW - Madison accumulate an average of around $21,549 in student debt. When it comes time to repay the loan, graduates who are on a 10-year repayment plan pay an average monthly payment of $202.

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#10

Marquette University

Milwaukee, WI

Marquette University ranked #10 on this year’s Best Economics Schools in the Great Lakes Region list. Marquette is a fairly large private not-for-profit school located in the large city of Milwaukee.

While working on their degree, economics majors at Marquette accumulate an average of around $22,500 in student debt.

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Case Western Reserve University came in at #11 in this year’s edition of the Best Economics Schools in the Great Lakes Region ranking. Case Western is a fairly large private not-for-profit school located in the large city of Cleveland.

Economics majors at Case Western take out an average of $21,000 in student loans while working on their egree.

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#12

Oberlin College

Oberlin, OH

Oberlin College landed the #12 spot in the 2023 rankings for the best economics programs. Oberlin is a small private not-for-profit school located in the town of Oberlin.

While working on their degree, economics majors at Oberlin accumulate an average of around $21,500 in student debt.

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Additional Noteworthy Schools

These are some additional schools worth mentioning that are also great but just didn't quite make the cut to earn our top Best Economics Schools in the Great Lakes Region award.

Rank College Location
13 University of Illinois at Urbana-Champaign Champaign, IL
14 Lake Forest College Lake Forest, IL
15 Kenyon College Gambier, OH
16 Purdue University - Main Campus West Lafayette, IN
17 University of Dayton Dayton, OH

Best Economics Colleges by State

Explore the best economics schools for a specific state in the Great Lakes region.

State Degrees Awarded
Michigan 1,496
Ohio 1,136
Illinois 2,155
Indiana 889
Wisconsin 1,225

Economics is one of 12 different types of programs to choose from.

Majors Similar to Economics

Related Major Annual Graduates
Political Science & Government 49,282
Sociology 38,475
General Social Sciences 18,997
International Relations & National Security 14,306
Anthropology 11,415

Notes and References

*These averages are for the top 25 schools only.

  • Read more about our ranking methodology.
  • 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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