2023 Best Value Economics Schools in Maryland
Highlighting Quality Schools With More Affordable Pricing
Finding the Best Economics School for You
With 1,617 degrees and certificates handed out in 2020-2021, economics is the #12 most popular major in Maryland.
Today's students have lots of options to pick from when considering higher education opportunities. With more and more schools offering online options, you could even register for a great program on the other side of the country. On top of that, there are a considerable number of trade schools that offer fast-track entry to many fields.
The Best Value Economics Schools in Maryland ranking is one of many tools that Course Advisor has developed to help you make your educational decision. Our analysis looked at 12 schools in Maryland to see which programs offered the best value experiences for economics students with the aim of identifying those quality schools that are more affordable than some of their counterparts.
When determining this ranking, we place a high emphasis on the school's quality as well as its sticker price. Even though a college may be affordable, it may not offer value. Specifically, our score for quality is discounted by the published tuition and fees charged by the given college. This gives the cost per unit of quality for each college. The more quality your dollar buys, the better the value.
Our calculations use out-of-state tuition and fees in our nationwide and regional rankings. For statewide rankings, we use average in-state tuition and fees.
Top 10 Best Economics Schools
Our analysis found University of Maryland - College Park to be the best value school for economics students who want to pursue a degree in Maryland. Located in the large suburb of College Park, UMCP is a public school with a fairly large student population.
In-state tuition fees for undergraduate students at UMCP are $10,955 per year. After completing their degree, economics graduates from UMCP carry an average student debtload of $20,500. The average monthly payment of a loan this size is about $345, assuming that the borrower is on a 10-year repayment plan.
UMCP not only placed well in our value ranking, but it is also #2 on our Best Economics Schools in Maryland list.
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A rank of #2 on this year’s list means Towson University is a great value for economics students. Located in the city of Towson, Towson is a public school with a fairly large student population.
Towson undergraduate students pay an average of $10,464 in in-state tuition and fees each year. Economics majors at Towson take out an average of $19,861 in student loans while working on their egree. The average monthly payment of a loan this size is about $345, assuming that the borrower is on a 10-year repayment plan.
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You’ll be in good company if you decide to attend Salisbury University. It ranked #3 on our 2023 Best Value Economics Schools in Maryland list. Salisbury is a medium-sized public school located in the suburb of Salisbury.
In-state tuition fees for undergraduate students at Salisbury are $10,188 per year.
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You’ll be in good company if you decide to attend Morgan State University. It ranked #4 on our 2023 Best Value Economics Schools in Maryland list. Located in the city of Baltimore, Morgan State is a public school with a medium-sized student population.
Morgan State undergraduate students pay an average of $8,008 in in-state tuition and fees each year.
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Out of the 12 schools in Maryland that were part of this year’s ranking, Frostburg State University landed the # 5 spot on the list. Located in the small suburb of Frostburg, Frostburg State is a public college with a small student population.
In-state tuition fees for undergraduate students at Frostburg State are $9,594 per year.
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With a ranking of #6, University of Maryland - Baltimore County did quite well on this year’s best value schools for economics students. Located in the large suburb of Baltimore, UMBC is a public college with a fairly large student population.
In-state tuition fees for undergraduate students at UMBC are $12,280 per year. While working on their degree, economics majors at UMBC accumulate an average of around $22,468 in student debt. For students who choose a 10-year repayment plan, the average monthly student loan payment is $316.
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St Mary’s College of Maryland came in at #7 in this year’s edition of the Best Value Economics Schools in Maryland ranking. SMCM is a small public school located in the small suburb of St. Mary's City.
The average tuition and fees for an in-state undergraduate at SMCM are $15,124 a year. While working on their degree, economics majors at SMCM accumulate an average of around $23,000 in student debt.
In addition to its great value ranking, SMCM is in the top 20% of all schools on our Best Economics Schools in Maryland list.
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With a ranking of #8, Johns Hopkins University did quite well on this year’s best value schools for economics students. Located in the city of Baltimore, Johns Hopkins is a private not-for-profit college with a fairly large student population.
Johns Hopkins undergraduate students pay an average of $58,720 in in-state tuition and fees each year. While working on their degree, economics majors at Johns Hopkins accumulate an average of around $16,250 in student debt.
Johns Hopkins also made our Best Economics Schools in Maryland list, coming in at #1.
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Mount St Mary’s University landed the #9 spot in the 2023 rankings for the best value economics programs. Located in the town of Emmitsburg, The Mount is a private not-for-profit school with a small student population.
The average tuition and fees for an in-state undergraduate at The Mount are $44,750 a year.
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McDaniel College did quite well in this year’s ranking of the best value schools for economics students. It came in at #10 on the list. Located in the small suburb of Westminster, McDaniel is a private not-for-profit school with a small student population.
McDaniel undergraduate students pay an average of $46,336 in in-state tuition and fees each year.
On top of its placing in our value ranking, McDaniel also did well on our Best Economics Schools in Maryland list. It’s in the top 20% of all schools reviewed in this analysis.
Request InformationBest Value Economics Colleges in the Middle Atlantic Region
Explore all the Best Value Economics Schools in the Middle Atlantic Area or other specific states within that region.
| State | Degrees Awarded |
|---|---|
| Pennsylvania | 2,416 |
| New York | 5,245 |
| New Jersey | 843 |
| District of Columbia | 739 |
| Delaware | 173 |
More Economics Rankings in Maryland
Majors Related to Economics
One of 12 majors within the area of study, economics has other similar majors worth exploring.
Most Popular Majors Related 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 12 schools only.
- 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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