Economist earnings by seniority

Approximate values based on highest and lowest earning segments.

Economist salary by state

State Name Average Salary
Alaska $79,750
Alabama $101,420
Arkansas $63,720
Arizona $81,050
California $114,660
Colorado $101,670
Connecticut $93,950
District of Columbia $122,930
Delaware $81,440
Florida $90,490
Georgia $104,200
Hawaii $91,260
Iowa $85,840
Idaho $57,800
Illinois $94,611
Indiana $84,740
Kansas $65,970
Kentucky $62,960
Louisiana $93,660
Massachusetts $107,580
Maryland $116,380
Michigan $80,990
Minnesota $68,050
Missouri $91,350
Mississippi $65,410
Montana $78,830
North Carolina $80,400
Nebraska $73,530
New Hampshire $71,640
New Jersey $87,590
New Mexico $84,730
Nevada $76,020
New York $101,740
Ohio $108,800
Oklahoma $66,870
Oregon $88,330
Pennsylvania $84,520
Puerto Rico $35,640
South Carolina $60,480
Tennessee $73,400
Texas $99,740
Utah $67,910
Virginia $122,230
Vermont $72,500
Washington $91,940
Wisconsin $69,060
West Virginia $65,350
Wyoming $72,730

How much does an Economist earn?

An economist's salary can become more substantial depending on how many years of experience they have under their belt. Economists in their first five years can expect to earn approximately $63000/yr, but individuals who have been in the workforce for five to 10 years can earn a noticeably bigger sum of $90,000/yr. Six-figure salaries appear after ten to twenty years on the job - reaping approximately $104,000/yr. Individuals who have worked for more than twenty years report bringing in $125,000/yr on average.

Students who earn master's degrees in economics can work as economists, senior data analysts, financial analysts, and research analysts. According to the U.S. Bureau of Labor Statistics (BLS), an economist's mean salary was $109,230 in May 2015. In the same year, economists working for the federal government earned $114,600 on average. Above average economist's salaries are found in San Francisco, Seattle, Washington, Los Angeles, and Atlanta.

How do economist salaries compare to similar careers?

Economists earn about the same as related careers in Idaho.

Career Median Salary
Economist salary $58K

Source: CareerExplorer (Aggregated)

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