Kentucky · Economics Rankings · 2027

Best Economics Programs in Kentucky for 2027

Centre College conferred 47 degrees to the University of Kentucky’s 29 and reports an 81% graduation rate to Kentucky’s 71%, but it costs $52,820 a year against $13,502. Murray State charges the least of the nine schools at $9,900. If you want a doctorate, the University of Kentucky is the single option.

Posted October 22, 2026Updated October 22, 20269 Schools Ranked
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Economics Bachelor’s Degree Programs in Kentucky

9 schools in Kentucky awarded economics bachelor’s degrees in 2023–24, scored against 670 bachelor’s programs nationwide. This section shows the top 9 of 12 eligible programs at this level.

  1. 1

    University of Kentucky

    Economics BA and BS

    Lexington Public

    58.0 Comparison Score

    Kentucky's economics department gives you several doors in: a BS through the Gatton College of Business and Economics, a BA through Arts and Sciences, and neighboring majors in applied economics, mathematical economics, and foreign language and international economics. The Arts and Sciences BA runs 118 to 122 hours and the BS 134 to 138. Electives let you aim at data analytics, law school preparation, industry and government work, or global policy careers. Many students add the Business Analytics minor, compete in The EconGames and join the Economics Society to meet alumni and employers.

    Degree Routes
    BS in Economics (Gatton) or BA in Economics (Arts and Sciences)
    Related Majors
    Applied, mathematical, and foreign language and international economics
    Career Pathways
    Data analytics, law school preparation, industry and government, global policy

    Program Sources: Programs | Department of Economics | Gatton College of Business and EconomicsBachelor's Degree in Economics (Arts and Sciences) | University of Kentucky

    Bachelor’s Degrees Awarded
    29
    Economics, 2023–24
    School Six-Year Graduation Rate
    71%
    4,941 first-time, full-time students
    Median Graduate Earnings
    $68,532
    Economics bachelor’s graduates, College Scorecard
    In-State Tuition + Fees
    $13,502
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $34,140
    Undergraduate, schoolwide, 2024–25
  2. 2

    Centre College

    Economics and Finance Major

    Danville Private nonprofit

    54.9 Comparison Score

    Centre combines economics and finance into one major, so financial accounting and managerial finance sit beside micro and macro analysis, a data analysis and communication course, and econometrics. You choose between Economic Forecasting and Empirical Analysis in Economics and Finance, then finish with a senior seminar and three more upper-level economics courses. Students are urged to pair it with computer science, mathematics or languages, and those drawn to international economics are encouraged to study abroad. Internships have placed majors at GE Appliances, Brown-Forman, Merrill Lynch and the sustainability office of Louisville Metro Government.

    Core Courses
    Financial accounting, managerial finance, econometrics and a data analysis and communication course
    Capstone
    Senior Seminar after a forecasting or empirical analysis course
    Internship Employers
    GE Appliances, Brown-Forman, Merrill Lynch, Louisville Metro Government

    Program Sources: Economics & Finance | Centre CollegeEconomics and Finance Major - Centre College

    Bachelor’s Degrees Awarded
    47
    Economics, 2023–24
    School Six-Year Graduation Rate
    81%
    357 first-time, full-time students
    Median Graduate Earnings
    $75,885
    Economics bachelor’s graduates, College Scorecard
    In-State Tuition + Fees
    $52,820
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $52,820
    Undergraduate, schoolwide, 2024–25
  3. 3

    University of Louisville

    Economics BA

    Louisville Public

    50.0 Comparison Score

    Louisville houses its Bachelor of Arts in Economics in the College of Business but shapes it like a liberal arts degree. Beyond the intermediate micro and macro courses, you take 15 hours of economics electives and 18 hours of upper-level general electives, and the college side adds three semesters of a foreign language plus 12 hours of non-business coursework at the 300 level or above. Every major finishes with the Senior Economics Seminar, which doubles as the university's culminating undergraduate experience. A separate 3+3 track lets students headed to law school start the J.D. after three undergraduate years.

    Language Requirement
    Three semesters of a foreign language
    Capstone
    Senior Economics Seminar as the culminating undergraduate experience
    Law Pathway
    Economics with a 3+3 track to law

    Program Sources: Economics (BA) | University of Louisville Academic Catalogs

    Bachelor’s Degrees Awarded
    12
    Economics, 2023–24
    School Six-Year Graduation Rate
    61%
    2,693 first-time, full-time students
    In-State Tuition + Fees
    $13,136
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $29,482
    Undergraduate, schoolwide, 2024–25
  4. 4

    Murray State University

    Economics BS and BA

    Murray Public

    48.5 Comparison Score

    Murray State offers economics as either a Bachelor of Science or a Bachelor of Arts in the College of Business, and the department says students have a wide choice of curricula that mix business and non-business courses. The major carries a STEM designation, which matters if you are weighing how quantitative the work is or planning on a STEM-eligible degree. Students in other majors can add a minor in economics, international economics or business economics. The same department also runs master's programs in economic analytics and economic development, so there is a graduate path nearby if you want to keep going.

    Degree Options
    Bachelor of Science or Bachelor of Arts in Economics
    STEM Designation
    Marks the analytical rigor of the curriculum
    Minors
    Economics, international economics and business economics

    Program Sources: Undergraduate Programs in Economics | Murray State UniversityCourse Paths for Economics and Finance

    Bachelor’s Degrees Awarded
    7
    Economics, 2023–24
    School Six-Year Graduation Rate
    64%
    1,205 first-time, full-time students
    In-State Tuition + Fees
    $9,900
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $19,836
    Undergraduate, schoolwide, 2024–25
  5. 5

    Western Kentucky University

    Economics BA and Mathematical Economics BS

    Bowling Green Public

    48.3 Comparison Score

    Western Kentucky designs its 35-hour Bachelor of Arts in Economics to be paired with something else: students must add a second major or a minor, and the light load leaves room for two minors in four years. Business minors and applied statistics are the suggested companions. Quantitative students can choose the 49-hour Mathematical Economics BS, which builds on calculus and statistics, is entered after 60 earned hours, and comes in general and actuarial concentrations. BA students may also apply to JUMP, an accelerated option that counts upper-level electives toward a master's degree in applied economics.

    BA Structure
    35 hours with a required second major or minor and a regression and econometrics course
    Mathematical Economics BS
    49 hours, admitted after 60 hours, general or actuarial concentration
    Accelerated Option
    BA students can apply to JUMP, counting upper-level electives toward a master's in applied economics

    Program Sources: Bachelor of Arts in Economics | WKU | Western Kentucky UniversityDepartment of Economics - Bachelor of Science in Mathematical Economics- Actuarial Track | Western Kentucky University

    Bachelor’s Degrees Awarded
    16
    Economics, 2023–24
    School Six-Year Graduation Rate
    58%
    2,688 first-time, full-time students
    Median Graduate Earnings
    $68,051
    Economics bachelor’s graduates, College Scorecard
    In-State Tuition + Fees
    $11,652
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $27,000
    Undergraduate, schoolwide, 2024–25
  6. 6

    Northern Kentucky University

    Economics BS

    Highland Heights Public

    48.0 Comparison Score

    Northern Kentucky's Economics BS is taught on campus in the Haile College of Business, a short trip from downtown Cincinnati, and the program is built to be customized. Students pair it with a secondary area, choose a minor with faculty guidance, and can take paid internships in both public and private sectors. Competition is part of the culture: majors often take part in the Econ Games and the Kentucky Econ Challenge, and a Student Economics Association is active. Study abroad options include Ireland, Germany and England, and graduates often continue into law, public policy or economics graduate study.

    Student Competitions
    Econ Games and the Kentucky Econ Challenge
    Customization
    Secondary area, faculty-guided minor selection and paid internships
    Study Abroad
    Ireland, Germany, England and other programs

    Program Sources: Economics, B.S.: Northern Kentucky University, Greater Cincinnati RegionTable of Programs Offered | Northern Kentucky University Catalog

    Bachelor’s Degrees Awarded
    15
    Economics, 2023–24
    School Six-Year Graduation Rate
    54%
    1,818 first-time, full-time students
    In-State Tuition + Fees
    $11,088
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $21,912
    Undergraduate, schoolwide, 2024–25
  7. 7

    Transylvania University

    Economics BA

    Lexington Private nonprofit

    30.3 Comparison Score

    Transylvania's economics major is twelve course units, with calculus and an economics and business statistics course alongside micro and macro theory, History of Economic Thought and a senior Seminar in Economics. Four more economics courses at the 3000 level or above let you specialize. Student research is a real strand of the program: majors present at conferences with faculty support and enrichment funding, and their work has earned awards from the Kentucky Economics Association and appeared in the Journal of Applied Economics and Policy. Travel courses have taken students to Germany, Costa Rica, the United Kingdom, the Philippines and Turkey.

    Major Size
    Twelve course units including calculus and a senior seminar
    Student Research
    Conference presentations and recognition from the Kentucky Economics Association
    Travel Courses
    Germany, Costa Rica, the United Kingdom, the Philippines and Turkey

    Program Sources: Program: Economics, BA - Transylvania UniversityEconomics | Transylvania University

    Bachelor’s Degrees Awarded
    2
    Economics, 2023–24
    School Six-Year Graduation Rate
    71%
    298 first-time, full-time students
    In-State Tuition + Fees
    $46,870
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $46,870
    Undergraduate, schoolwide, 2024–25
  8. 8

    Bellarmine University

    Economics Major

    Louisville Private nonprofit

    29.3 Comparison Score

    Bellarmine's Bachelor of Arts in Economics lives in the W. Fielding Rubel School of Business and pairs easily with the school's other majors. The major requires seven named economics courses plus nine hours of 300 or 400-level electives, with two math courses as related work. Students can double major with any other Rubel field, and the Economics and Finance pairing adjusts which electives you take so the two degrees overlap sensibly. Anyone thinking about an economics doctorate is told to meet an advisor early, since additional mathematics may be needed. Alumni have gone on to doctoral programs at Florida State, Indiana, Purdue and North Carolina State.

    Double Major Rule
    Open to every Rubel School major, with set electives for Economics and Finance
    Graduate Preparation
    Extra mathematics may be needed before an economics PhD
    Related Math
    Two math courses: MATH 205 (or 314) and MATH 125 (or 117)

    Program Sources: UG.ECON.BA Program | Bellarmine University CatalogUG.ECON.BA Program | Bellarmine University Catalog

    Bachelor’s Degrees Awarded
    5
    Economics, 2023–24
    School Six-Year Graduation Rate
    64%
    651 first-time, full-time students
    In-State Tuition + Fees
    $48,770
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $48,770
    Undergraduate, schoolwide, 2024–25
  9. 9

    Berea College

    Economics BA

    Berea Private nonprofit

    27.8 Comparison Score

    Berea's Economics BA leans toward policy, law and public service. Alongside intermediate micro and macro, majors take one course from outside economics, chosen from world history, comparative politics or international relations, and a distribution of electives such as the economics of immigration, health economics, economic development, international trade and international political economy. Econometrics is required, and an optional concentration in finance is available. The department points students with an academic interest toward the separate Quantitative Economics BS. Berea's work-study program gives economics majors practical experience on campus, and majors have held research internships at the University of Chicago and Vanderbilt.

    Policy Electives
    Immigration, health, development, trade and international political economy
    Outside Course
    One non-economics course in history or political science
    Concentration
    Optional finance concentration

    Program Sources: Berea College Catalog, Manuals, and Handbooks - Economics B.A.Majors and Minors - Berea College

    Bachelor’s Degrees Awarded
    4
    Economics, 2023–24
    School Six-Year Graduation Rate
    58%
    438 first-time, full-time students
    In-State Tuition + Fees
    $51,658
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $51,658
    Undergraduate, schoolwide, 2024–25

Economics PhD Programs in Kentucky

1 school in Kentucky awarded research doctorates in economics in 2023–24. Doctoral scores leave out tuition because funding offers, not sticker price, decide the real cost. This section shows the top 1 of 1 eligible programs at this level.

  1. 1

    University of Kentucky

    Economics PhD

    Lexington Public

    43.3 Comparison Score

    Kentucky's economics PhD sits inside the Gatton College of Business and Economics and typically takes five years of full-time study. Year one is a theory and econometrics core that ends with a June preliminary exam, which can be retaken in January. Year two combines field courses with a written field paper, and most students propose their dissertation in the spring of year three. Research centers on campus include the Center for Poverty Research, the Center for Business and Economic Research and the Kentucky Research Data Center, which opens restricted federal microdata to approved projects.

    Typical Timeline
    Preliminary exam after year one, field paper in year two, proposal in spring of year three
    Research Centers
    Center for Poverty Research and the Kentucky Research Data Center

    Program Sources: Ph.D. in Economics | Gatton College of Business and Economics

    Doctoral Degrees Awarded
    2
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $14,644
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $36,238
    Graduate, schoolwide, 2024–25

Economics Programs in Kentucky at a Glance

Ranked Schools
9
5 public, 4 private
Bachelor’s Programs
9
137 degrees in 2023–24
Doctoral Programs
1
2 degrees in 2023–24
Lowest In-State Tuition
$9,900
Bachelor’s list, schoolwide, 2024–25

How We Rank Economics Programs in Kentucky

Each program gets the same comparison score it earns in our national economics model, calculated against the nationwide group that meets the numeric and directory criteria. We then order Kentucky’s eligible programs by that score within each degree level. We feature up to 10 programs, taking the next highest-ranked program from each degree-level list in turn. Scores are compared only within the same degree level. Bachelor’s lists weigh graduation rate (20%), published tuition (20%), graduate earnings (20%), program reputation (25%), and degrees awarded (15%). Doctoral lists weigh research activity (35%), program reputation (35%), and doctoral degrees awarded (30%). See the full ranking method.

Best Economics Schools in Kentucky by Goal

These picks compare only the programs featured in the lists above.

Lowest In-State Tuition for a Bachelor’s

Murray State University

$9,900 in annual undergraduate tuition and required fees for state residents (2024–25), the lowest among the 9 bachelor’s programs shown here.

Most Economics Bachelor’s Graduates

Centre College

47 economics bachelor’s degrees awarded in 2023–24, the most of any school on this list.

Top-Scoring Private College

Centre College

The highest-scoring private school on the bachelor’s list (No. 2 overall), with a comparison score of 54.9.

Graduate Study at an R1 University

University of Kentucky

Carries the Carnegie 2025 Research 1 designation for very high research spending and doctorate production.

Top-Scoring Economics Doctorate

University of Kentucky

2 research doctorates awarded in 2023–24; ranked first of 1 doctoral program shown here.

Statewide Context: Economics in Kentucky: A $9,900 to $52,820 Tuition Spread Across 12 Schools

This statewide overview includes all 13 eligible programs at 12 schools. Its totals, tuition comparisons, and ranks describe that wider group; the lists above feature 10 programs.

In Kentucky economics, the school that awards the most degrees is not the one that ranks first. Centre College, a private nonprofit in Danville, awarded 47 bachelor’s degrees in 2023–24, while the University of Kentucky ranks first with 29.

Tuition splits cleanly by control. The five public universities list 2024–25 in-state tuition and required fees between $9,900 at Murray State University and $13,502 at the University of Kentucky. The seven private colleges run from $27,998 at Campbellsville University to $52,820 at Centre College. Centre also reports the list’s highest schoolwide six-year graduation rate, 81%, and ranks third. Murray State, second on the list, pairs the lowest tuition with a 64% schoolwide rate. All of these figures describe the whole school rather than its economics department.

Economics Careers and Pay in Kentucky

These are BLS median annual wages for Kentucky and the United States from the May 2025 Occupational Employment and Wage Statistics survey. A median is the midpoint among workers in the occupation, from new hires to senior staff, so it is not a starting salary for a new graduate. The 10th–90th percentile range shows what the middle 80% of workers earn in the state.

Annual wages in Kentucky compared with the United States
OccupationKentucky MedianKentucky 10th–90th PercentileU.S. MedianKentucky Jobs
Economist Salary in Kentucky BLS: Economists$71,400$59,810–$124,380$124,720100
Market Research Analyst Pay in Kentucky BLS: Market Research Analysts and Marketing Specialists$61,480$37,970–$103,300$78,7606,290

Source: BLS Occupational Employment and Wage Statistics, May 2025. Wage data does not enter the program scores.

Economics Programs in Kentucky: Common Questions

How Many Schools in Kentucky Appear in These Economics Rankings?

9 schools in Kentucky appear in the lists shown here (9 bachelor’s, 1 research doctorate programs). A school can appear at more than one degree level. The page features 10 programs selected from 13 eligible programs at 12 schools. The degree counts come from federal IPEDS completions for 2023–24.

Which Economics Bachelor’s Program in Kentucky Has the Lowest Tuition?

Murray State University lists $9,900 in annual undergraduate tuition and required fees for state residents in 2024–25, the lowest among the bachelor’s programs shown here. That is a schoolwide figure before aid, so check the program’s own costs and any fees for fieldwork or labs.

Which Schools in Kentucky Reported Economics Research Doctorates in 2023–24?

The federal IPEDS completions file records economics research doctorates awarded in 2023–24 at University of Kentucky (2 degrees). These are historical award counts. Check current admissions, advisor availability, and funding directly with each department.

Do Economists Earn Less in Kentucky Than Nationally?

This statewide comparison covers all 13 eligible programs, including those outside the featured lists. Yes, by median. In May 2025 wage data, economists in Kentucky had a median of $71,400, compared with $124,720 for the U.S., across 100 jobs in the state. Market research analysts and marketing specialists, with 6,290 Kentucky jobs, had a $61,480 median. Both medians cover everyone in the occupation, including experienced workers.

Where Can I Compare Economics Research Doctorates in Kentucky?

This statewide comparison covers all 13 eligible programs, including those outside the featured lists. University of Kentucky is the ranked economics research doctorate program on the Kentucky list. It reported 2 research doctorates in 2023–24. Read the doctoral program’s research areas and advisor information before you apply. Degree awards describe past graduates, not the size of the next entering cohort.

Sources

  1. IPEDS C2024_A completions: first-major degrees awarded by field and level, 2023–24.
  2. IPEDS COST1_2024: tuition and required fees, 2024–25.
  3. IPEDS DRVGR2024: schoolwide graduation rates.
  4. Carnegie 2025 Research Activity Designations.
  5. BLS Occupational Employment and Wage Statistics, May 2025 state estimates.
  6. SocialSciences.org ranking methodology.
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