How Much Does MBA Degree Cost in Springfield, IL?
Springfield pricing is 15% below the national average. Updated for 2026.
Based on local labor rates, varied climate conditions, and Springfield's diversified economy.See our methodology
MBA Degree Pricing in Springfield, IL
Springfield is one of the more affordable markets for mba degree, with costs running about 15% below the national average. The city's diversified economy and balanced labor market create favorable conditions for competitive pricing. Getting multiple quotes from the 115K-population metro area is straightforward.
Local climate plays a direct role in mba degree costs here. Harsh winters and hot summers mean year-round service needs; freeze-thaw cycles affect foundations.
Market-specific factors matter in Springfield: moderate cost of living keeps contractor rates affordable.
Springfield has moderate permitting requirements. Depending on the scope of your mba degree project, you may need local permits. A licensed contractor will handle the permitting process as part of the job in most cases.
Springfield vs National Average
What Affects MBA Degree Cost in Springfield?
Program Type
Online: $20K-$60K. State school: $30K-$80K. Top 25: $100K-$200K total
Top Schools
Harvard/Stanford/Wharton: $150K-$200K tuition alone. Average starting salary post-MBA: $150K-$175K
Springfield Market Conditions
moderate cost of living keeps contractor rates affordable
Local Climate Impact
harsh winters and hot summers mean year-round service needs; freeze-thaw cycles affect foundations
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Top-Rated MBA Degree Pros in Springfield, IL
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Tips to Save on MBA Degree in Springfield
- 1.Employer tuition reimbursement covers $5,000-$20,000+ per year at many companies
- 2.Online MBA programs from accredited schools cost 50-70% less
- 3.Consider ROI carefully — a top-20 MBA has different returns than a lower-ranked program
- 4.Apply for assistantships and merit scholarships
📈 MBA Degree in Springfield Cost Trends (2020–2024)
Prices have increased +17.7% over the last 5 years
| Year | National Avg | YoY Change |
|---|---|---|
| 2020 | $46,929 | — |
| 2021 | $48,900 | +4.2% |
| 2022 | $52,079 | +6.5% |
| 2023 | $53,537 | +2.8% |
| 2024 | $55,250 | +3.2% |
Based on national averages adjusted for annual inflation. Actual costs vary by location and project scope.
💬 What Did You Pay?
Real costs reported by homeowners for MBA Degree in Springfield
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Frequently Asked Questions
Is an MBA worth the cost?
Top-20 MBA programs show strong ROI with average starting salaries of $150K+. For lower-ranked programs, the ROI depends heavily on your career goals and how much you pay.
Why does mba degree cost different in Springfield than other cities?
Springfield's costs reflect local labor rates driven by the diversified economy, varied climate conditions that affect materials and scheduling, and moderate permitting requirements. The balanced labor market also influences competitive pricing.
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