The average salary for an economist in the United States is around $105,630 per year.
Avg Salary
Economists earn an average yearly salary of $105,630.
Wages typically start from $62,460 and go up to $193,690.
78% above national average Updated in 2021
Economist earnings by seniority
Top-level economist earnings begin at:
$93.12 per hour
$193,690 per year
Senior-level economist earnings begin at:
$72.65 per hour
$151,110 per year
Mid-level economist earnings begin at:
$50.79 per hour
$105,630 per year
Junior-level economist earnings begin at:
$38.35 per hour
$79,760 per year
Starting level economist earnings begin at:
$30.03 per hour
$62,460 per year
Approximate values based on highest and lowest earning segments.
Economist salary by state
| State Name | Average Salary |
|---|---|
| Minnesota | $99,880 |
| Indiana | $99,510 |
| Pennsylvania | $98,400 |
| Texas | $97,930 |
| Michigan | $96,100 |
| New Jersey | $95,480 |
| Louisiana | $93,660 |
| Utah | $90,750 |
| Missouri | $88,710 |
| Oregon | $88,330 |
| Iowa | $82,710 |
| Florida | $82,380 |
| Hawaii | $82,220 |
| Montana | $81,700 |
| Vermont | $81,700 |
| Tennessee | $81,590 |
| Delaware | $81,440 |
| Maine | $81,220 |
| North Carolina | $80,400 |
| Nevada | $79,410 |
| Arizona | $78,150 |
| Idaho | $78,010 |
| South Carolina | $75,380 |
| Wisconsin | $73,350 |
| Wyoming | $72,730 |
| Kentucky | $70,140 |
| New Mexico | $67,700 |
| Kansas | $65,970 |
| Mississippi | $65,410 |
| West Virginia | $65,350 |
| Nebraska | $62,460 |
| Arkansas | $51,850 |
| Puerto Rico | $35,640 |
| New Hampshire | $143,400 |
| District of Columbia | $134,760 |
| Massachusetts | $133,370 |
| New York | $131,720 |
| Oklahoma | $126,040 |
| California | $124,910 |
| Maryland | $119,080 |
| Virginia | $110,590 |
| Illinois | $105,980 |
| Colorado | $105,640 |
| Connecticut | $105,120 |
| Georgia | $105,090 |
| Ohio | $104,730 |
| Alaska | $104,580 |
| Alabama | $104,420 |
| Washington | $103,210 |
How do economist salaries compare to similar careers?
Economists earn about the same as related careers in the United States. On average, they make less than human resources managers but more than industrial organizational psychologists.
| Career | Median Salary |
|---|---|
| Human resources manager salary | $126K |
| Purchasing manager salary | $127K |
| Investment fund manager salary | $125K |
| Supply chain manager salary | $125K |
| Actuary salary | $106K |
| Economist salary | $106K |
| Financial advisor salary | $94K |
| Talent agent salary | $78K |
| Operations manager salary | $98K |
| Industrial organizational psychologist salary | $105K |
Source: CareerExplorer (Aggregated)