2023 best colleges in Minnesota

Featuring one of the largest student populations in the United States, the University of Minnesota holds titles as a Public Ivy and the flagship university of the University of Minnesota System. But don’t sleep on St. Cloud University, which is home to the country’s first graduate-level experiential education program. Students attending Macalester College, a Hidden Ivy, and other member schools of the Associated Colleges of the Twin Cities (ACTC), such as the University of St. Thomas and St. Catherine University, have the opportunity to enroll in courses at any member institution without paying additional tuition.

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#1 in Minnesota | #67 in Economics nationally
Economic score: 1.92

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: $17,878

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: $63,769

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

EarningsPlus: + $4,113

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: 73%
Graduation rate: 83%

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 Minnesota | #74 in Economics nationally

Macalester College

Saint Paul, Minnesota

Economic score: 2.03

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: $27,764

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

Payback: 2.4 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: $72,135

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

EarningsPlus: + $11,882

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: 31%
Graduation rate: 91%

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 Minnesota | #123 in Economics nationally

Carleton College

Northfield, Minnesota

Economic score: 2.63

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: $28,928

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

Payback: 2.9 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: $66,207

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

EarningsPlus: + $6,016

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: 18%
Graduation rate: 92%

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 Minnesota | #130 in Economics nationally

St Olaf College

Northfield, Minnesota

Economic score: 2.70

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: $24,052

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

Payback: 2.8 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: $61,505

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

EarningsPlus: + $1,566

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: 47%
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.

#5 in Minnesota | #152 in Economics nationally

Augsburg University

Minneapolis, Minnesota

Economic score: 2.94

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: $23,898

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

Payback: 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: $61,157

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

EarningsPlus: + $1,735

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: 76%
Graduation rate: 61%

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 Minnesota | #158 in Economics nationally

Gustavus Adolphus College

Saint Peter, Minnesota

Economic score: 2.98

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: $24,696

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

Payback: 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: $60,313

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

EarningsPlus: + $767

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: 73%
Graduation rate: 78%

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 Minnesota | #166 in Economics nationally

Saint Johns University

Collegeville, Minnesota

Economic score: 3.14

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: $25,487

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

Payback: 3.2 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: $60,264

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

EarningsPlus: + $713

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: 89%
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.

#8 in Minnesota | #179 in Economics nationally
Economic score: 3.34

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: $17,159

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

Payback: 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: $53,934

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

EarningsPlus: - $5,582

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: 55%

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 Minnesota | #185 in Economics nationally
Economic score: 3.42

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: $18,505

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: $54,441

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

EarningsPlus: - $5,056

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: 80%
Graduation rate: 64%

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 Minnesota | #209 in Economics nationally

St Catherine University

Saint Paul, Minnesota

Economic score: 3.77

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: $17,814

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

Payback: 3.2 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: $50,856

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

EarningsPlus: - $8,674

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: 75%
Graduation rate: 62%

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 Minnesota | #234 in Economics nationally

University of St Thomas

Saint Paul, Minnesota

Economic score: 4.19

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: $31,066

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

Payback: 4.1 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: $58,615

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

EarningsPlus: - $961

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: 76%
Graduation rate: 76%

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.

#12 in Minnesota | #313 in Economics nationally

Saint Cloud State University

Saint Cloud, Minnesota

Economic score: 6.98

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: $14,581

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: $41,294

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

EarningsPlus: - $18,185

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: 94%
Graduation rate: 55%

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 Minnesota?

Years

3.3 years

The cost of the average bachelor's degree in economics in Minnesota is covered by the new earnings of graduates in 3.3 years.

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

Salary

$59,339

The median bachelor's degree in economics graduate earns $59,339 3 years after graduating.

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

Net cost

$21,074

The average annual cost of a bachelor's degree in economics is $21,074. This is the net cost and considers only students that have received Title IV funds.