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Best Economics Schools in Michigan

2023 Best Economics Schools in Michigan

13 Colleges
$41,966 Avg Salary
$24,368 Avg Student Debt

Finding the Best Economics School for You

With 1,496 degrees and certificates handed out in 2020-2021, economics is the #15 most popular major in Michigan.

There are lots of options to pick from today when trying to decide which program is right for you. You're no longer limited to schools in your local area, either, since online programs are becoming more prevalent. Or you may find the programs at a trade school to be a better alternative for you.

Along with in-depth profiles of schools and the programs they offer, Course Advisor has created the Best Economics Schools in Michigan to help you in your search for the best school for you. This report analyzed 13 schools in Michigan to see which ones offered the best programs for students.

View our full ranking methodology.

2023 Best Economics Schools in Michigan

The colleges and universities below are the best for economics majors pursuing a .

Top 10 Best Economics Schools

Our analysis found University of Michigan - Ann Arbor to be the best school for economics students who want to pursue a degree in Michigan. Located in the midsize city of Ann Arbor, U-M is a public school with a fairly large student population.

On average, economics graduates from U-M take out $18,742 in student loans while working on their degree. The average monthly payment of a loan this size is about $481, assuming that the borrower is on a 10-year repayment plan.

Full Economics at University of Michigan - Ann Arbor Report

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#2

Michigan State University

East Lansing, MI

A rank of #2 on this year’s list means Michigan State University is a great place for economics students. Michigan State is a fairly large public school located in the city of East Lansing.

The average amount in student loans that economics majors at Michigan State take out is $24,125. For students who choose a 10-year repayment plan, the average monthly student loan payment is $341.

Full Economics at Michigan State University Report

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#3

Hope College

Holland, MI

You’ll be in good company if you decide to attend Hope College. It ranked #3 on our 2023 Best Economics Schools in Michigan list. Hope is a small private not-for-profit school located in the small city of Holland.

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#4

Albion College

Albion, MI

The excellent programs at Albion College helped the school earn the #4 place on this year’s ranking of the best economics schools in Michigan. Located in the town of Albion, Albion is a private not-for-profit school with a small student population.

The average amount in student loans that economics majors at Albion take out is $27,000.

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You’ll join some of the best and brightest minds around you if you attend Grand Valley State University. The school came in at #5 on this year’s Best Economics Schools in Michigan list. Located in the large suburb of Allendale, GVSU is a public school with a very large student population.

Economics majors at GVSU take out an average of $27,939 in student loans while working on their egree.

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Western Michigan University came in at #6 in this year’s edition of the Best Economics Schools in Michigan ranking. WMU is a fairly large public school located in the small city of Kalamazoo.

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#7

Central Michigan University

Mount Pleasant, MI

Central Michigan University came in at #7 in this year’s edition of the Best Economics Schools in Michigan ranking. Central Michigan is a fairly large public school located in the distant town of Mount Pleasant.

After completing their degree, economics graduates from Central Michigan carry an average student debtload of $30,406.

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Eastern Michigan University ranked #8 on this year’s Best Economics Schools in Michigan list. Eastern Michigan is a large public school located in the suburb of Ypsilanti.

The average amount in student loans that economics majors at Eastern Michigan take out is $23,633.

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#9

Oakland University

Rochester Hills, MI

With a ranking of #9, Oakland University did quite well on this year’s best schools for economics students. Located in the large suburb of Rochester Hills, Oakland is a public school with a large student population.

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#10

Kalamazoo College

Kalamazoo, MI

Kalamazoo College did quite well in this year’s ranking of the best schools for economics students. It came in at #10 on the list. Located in the small city of Kalamazoo, K College is a private not-for-profit college with a small student population.

Economics majors at K College take out an average of $23,833 in student loans while working on their egree.

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Best Economics Colleges in the Great Lakes Region

Explore all the Best Economics Schools in the Great Lakes Area or other specific states within that region.

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

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

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 13 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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