2023 best colleges in Illinois

A few of the country's top schools are located in Chicago, alongside underappreciated gems like the University of Illinois in Chicago. And 17 of the midwest 24 Hispanic serving institutions are located in Illinois, most in Chicago. But don't sleep on University of Illinois Urbana-Champaign campus. While the Fighting Illini have been decidedly mediocre in the Big 10, students can take some solice in the excellent engineering program, one of the best in the country. Considering that Chicago is the third largest city in the US and is surrounded by miles and miles (and miles) of pristine - if flat - countryside, there are relatively few quality liberal arts colleges in the state. 

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#1 in Illinois | #26 in Economics nationally

University of Chicago

Chicago, Illinois

Economic score: 1.05

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $28,517

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 1.6 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $96,012

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $34,807

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 6%
Graduation rate: 95%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#2 in Illinois | #33 in Economics nationally

Northwestern University

Evanston, Illinois

Economic score: 1.17

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $23,279

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 1.6 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $85,909

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $23,766

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 7%
Graduation rate: 95%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#3 in Illinois | #54 in Economics nationally
Economic score: 1.69

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $14,321

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 1.6 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $63,249

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $2,440

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 60%
Graduation rate: 87%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#4 in Illinois | #106 in Economics nationally
Economic score: 2.48

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $13,956

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 2.1 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $55,873

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $11,101

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 70%
Graduation rate: 60%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#5 in Illinois | #114 in Economics nationally
Economic score: 2.57

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $13,214

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 2.1 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $54,041

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $12,796

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 79%
Graduation rate: 69%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#6 in Illinois | #225 in Economics nationally
Economic score: 4.12

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $20,830

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.3 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $52,925

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $14,210

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 92%
Graduation rate: 73%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#7 in Illinois | #243 in Economics nationally

Knox College

Galesburg, Illinois

Economic score: 4.39

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $20,548

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.5 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $50,211

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $13,003

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 70%
Graduation rate: 74%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#8 in Illinois | #294 in Economics nationally

DePaul University

Chicago, Illinois

Economic score: 5.84

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $31,174

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 4.8 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $53,225

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $11,933

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 69%
Graduation rate: 73%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#9 in Illinois | #305 in Economics nationally

Lake Forest College

Lake Forest, Illinois

Economic score: 6.48

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $23,991

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 4.7 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $46,087

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $18,070

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 64%
Graduation rate: 77%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#10 in Illinois | #309 in Economics nationally

Wheaton College

Wheaton, Illinois

Economic score: 6.78

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $25,692

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 5 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $46,087

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $15,944

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 86%
Graduation rate: 89%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#11 in Illinois | #350 in Economics nationally
Economic score: 26.04

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $16,285

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 12.2 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $30,771

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $35,136

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 95%
Graduation rate: 58%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

Economic score: 4.37

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $14,590

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.1 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $47,512

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $19,798

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 62%
Graduation rate: 48%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

Explore more schools without data

How long does it take me to repay a bachelor's degree in economics in Illinois?

Years

2.6 years

The cost of the average bachelor's degree in economics in Illinois is covered by the new earnings of graduates in 2.6 years.

How much do graduates with bachelor's degree in economics earn in Illinois?

Salary

$67,479

The median bachelor's degree in economics graduate earns $67,479 3 years after graduating.

How much does a bachelor's degree in economics cost in Illinois?

Net cost

$21,401

The average annual cost of a bachelor's degree in economics is $21,401. This is the net cost and considers only students that have received Title IV funds.