U.S. median for this major: $79,489.
College Scorecard field of study; 32 graduates with earnings reported. A small group, so treat this figure with caution
Median for graduates who received federal aid.
College Scorecard field of study
About 40% of median earnings 4 years out. U.S. median $22,907.
College Scorecard field of study (federal loans)
Average after grants for all families receiving federal aid. Pick your income above.
Sticker price $68,134. College Scorecard.
Knox College Economics: pay against the field, and payback
Same major, other colleges
Median earnings 4 years after graduating; state and U.S. figures are the median of each covered college's graduates in this major. College Scorecard; calculated by EducationGuide.
Economics nationally: jobs, pay at ages 25-34, every state →
Cost to finish and years to pay back, by income
Uses Knox College's school-wide net price (no college reports it by major) and this major's graduate earnings.
| Family income | Net price / yr | Cost to finish | Years to pay back |
|---|---|---|---|
| $0–30k | $17,134 | $72,991 | 2.8 years |
| $30–48k | $17,363 | $73,966 | 2.8 years |
| $48–75k | $23,844 | $101,575 | 3.9 years |
| $75–110k | $25,402 | $108,213 | 4.1 years |
| $110k+ | $31,983 | $136,248 | 5.2 years |
Cost to finish = yearly price × 4.3 years, the average time graduates took (52% finished in 4 years; students who entered fall 2017, IPEDS). Years to pay back = cost to finish ÷ the earnings gain: median earnings of Economics graduates 4 years after graduating ($62,144) minus $35,797 for high school graduates ages 25-34 in IL (Census ACS 2020-2024), a gain of $26,347 a year. Before taxes, loan interest and earnings given up while in school. Method
College Scorecard; IPEDS Graduation Rates; U.S. Census Bureau ACS. Calculated by EducationGuide.
Economics at Illinois colleges
Every Illinois college we cover that reports Economics graduate earnings, highest first. Net price is the school-wide average after grants.
| Rank | College | Earnings, 4 yrs | Median debt | Avg. net price | Graduation |
|---|---|---|---|---|---|
| 1 | University of Chicago | $159,578 | $13,197 | $14,860 | 96% |
| 2 | Northwestern University | $126,006 | $16,227 | $29,167 | 95% |
| 3 | DePaul University | $100,185 | $22,433 | $30,902 | 68% |
| 4 | University of Illinois Urbana-Champaign | $86,860 | $21,228 | $14,355 | 85% |
| 5 | Wheaton College | $84,829 | $21,000 | $26,975 | 85% |
| 6 | North Central College | $80,494 | $26,801 | $21,044 | 64% |
| 7 | Olivet Nazarene University | $68,935 | $27,000 | $20,729 | 61% |
| 8 | Northern Illinois University | $66,760 | $25,879 | $13,391 | 49% |
| 9 | University of Illinois Chicago | $63,429 | $19,002 | $10,974 | 62% |
| 10 | Knox College | $62,144 | $25,000 | $24,595 | 68% |
| 11 | Southern Illinois University-Carbondale | $60,612 | $25,049 | $13,297 | 62% |
| 12 | Northeastern Illinois University | $58,252 | — | $14,109 | 22% |
23 more Illinois colleges offer Economics but have too few graduates to report earnings.
Careers for Economics graduates
Secondary School Teachers, Except Special and Career/Technical Education
Median annual wage, all workers. U.S. jobs -0.2% by 2035. Typical entry: bachelor's degree.
Market Research Analysts and Marketing Specialists
Median annual wage, all workers. U.S. jobs +7.0% by 2035. Typical entry: bachelor's degree.
Data Scientists
Median annual wage, all workers. U.S. jobs +34.6% by 2035. Typical entry: bachelor's degree.
BLS Occupational Employment and Wage Statistics, May 2025; Employment Projections 2025-35. Careers from the federal major-to-occupation crosswalk.
What families pay at Knox College, by income
School-wide average after grants for students receiving federal aid. Tap your band.
College Scorecard
About Knox College
- Acceptance rate: 71% · admissions
- Graduation rate: 68% within 6 years
- Median earnings, all majors, 10 years after starting: $54,820
- Full cost breakdown · all 39 majors · overview
Related majors at Knox College
- Business Administration—
Knox College Economics questions
How much do Knox College Economics graduates earn?
Economics graduates of Knox College earn a median $62,144 four years after graduating and $23,222 one year after. The U.S. median for Economics graduates across 368 colleges is $79,489.
How much debt do Knox College Economics graduates have?
The median federal loan debt for Economics graduates of Knox College is $25,000, about 40% of their median earnings four years out. Nationally the median is $22,907.
Is Knox College a good school for Economics in Illinois?
On pay, Economics graduates of Knox College earn $62,144 four years out, $12,570 below the median for the same major across 12 Illinois colleges ($74,714) and $17,345 below the U.S. median ($79,489). Medians of each college's graduates; EducationGuide calculation from College Scorecard.
Where does Knox College rank for Economics in Illinois?
Of 12 Illinois colleges reporting Economics graduate earnings, Knox College ranks 10th. The highest is University of Chicago at $159,578.
What jobs do Economics graduates get?
A common career is secondary school teachers, except special and career/technical education, with a median wage of $79,990 in Illinois and $72,040 nationally. Others include market research analysts and marketing specialists and data scientists.
Is Knox College the right fit for your family?
Get a free report comparing Knox College with up to 4 other schools on what you'd actually pay, what graduates in your major earn, and how each fits your priorities.
Build my free reportCheck my chances of getting inWe never share your contact information.
Sources: U.S. Department of Education College Scorecard (field of study: median earnings and federal loan debt of graduates who received federal aid); BLS. How we score
Data: JSON · Markdown · all datasets
Cite this: “Knox College Economics: earnings, debt and careers,” EducationGuide.com, https://educationguide.com/colleges/knox-college/majors/economics (College Scorecard and BLS data).