Economists study and analyze the production, distribution, and consumption of goods and services to understand and predict economic trends.
This article will explore the best states for economists, based on the average annual salary for the occupation.
- 1. District of Columbia ($151,850)
- 2. New York ($144,780)
- 3. Illinois ($141,460)
- 4. California ($137,090)
- 5. Massachusetts ($130,460)
- 6. Oregon ($126,270)
- 7. Virginia ($125,930)
- 8. Maryland ($125,280)
- 9. Alabama ($120,530)
- 10. New Hampshire ($118,300)
- Conclusion
Key Takeaways
- The highest-paid economists are in District of Columbia, where they earn an average of $151,850 per year.
- The lowest-paid economists are in Michigan, where they earn an average of $-1 per year.
- The U.S. average salary for economists is $95,007 per year.
1. District of Columbia ($151,850)
Economists in District of Columbia earn the highest average salary in the U.S. The median annual salary for
economists in District of Columbia is
$151,850, which is +60% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $151,850 |
| 10th Percentile | $81,900 |
| 25th Percentile | $95,800 |
| 75th Percentile | $176,280 |
| 90th Percentile | $227,530 |
2. New York ($144,780)
Economists in New York earn the 2nd highest average salary in the U.S. The median annual salary for
economists in New York is
$144,780, which is +52% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $144,780 |
| 10th Percentile | $31,280 |
| 25th Percentile | $77,420 |
| 75th Percentile | $184,130 |
| 90th Percentile | $-3 |
3. Illinois ($141,460)
Economists in Illinois earn the 3rd highest average salary in the U.S. The median annual salary for
economists in Illinois is
$141,460, which is +49% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $141,460 |
| 10th Percentile | $63,820 |
| 25th Percentile | $102,920 |
| 75th Percentile | $168,670 |
| 90th Percentile | $238,150 |
4. California ($137,090)
Economists in California earn the 4th highest average salary in the U.S. The median annual salary for
economists in California is
$137,090, which is +44% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $137,090 |
| 10th Percentile | $66,140 |
| 25th Percentile | $82,400 |
| 75th Percentile | $176,280 |
| 90th Percentile | $228,490 |
5. Massachusetts ($130,460)
Economists in Massachusetts earn the 5th highest average salary in the U.S. The median annual salary for
economists in Massachusetts is
$130,460, which is +37% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $130,460 |
| 10th Percentile | $83,520 |
| 25th Percentile | $129,260 |
| 75th Percentile | $130,160 |
| 90th Percentile | $162,300 |
6. Oregon ($126,270)
Economists in Oregon earn the 6th highest average salary in the U.S. The median annual salary for
economists in Oregon is
$126,270, which is +33% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $126,270 |
| 10th Percentile | $74,730 |
| 25th Percentile | $91,000 |
| 75th Percentile | $167,380 |
| 90th Percentile | $167,380 |
7. Virginia ($125,930)
Economists in Virginia earn the 7th highest average salary in the U.S. The median annual salary for
economists in Virginia is
$125,930, which is +33% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $125,930 |
| 10th Percentile | $64,300 |
| 25th Percentile | $83,290 |
| 75th Percentile | $163,320 |
| 90th Percentile | $179,410 |
8. Maryland ($125,280)
Economists in Maryland earn the 8th highest average salary in the U.S. The median annual salary for
economists in Maryland is
$125,280, which is +32% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $125,280 |
| 10th Percentile | $71,020 |
| 25th Percentile | $95,760 |
| 75th Percentile | $159,890 |
| 90th Percentile | $176,280 |
9. Alabama ($120,530)
Economists in Alabama earn the 9th highest average salary in the U.S. The median annual salary for
economists in Alabama is
$120,530, which is +27% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $120,530 |
| 10th Percentile | $66,210 |
| 25th Percentile | $84,640 |
| 75th Percentile | $133,700 |
| 90th Percentile | $205,950 |
10. New Hampshire ($118,300)
Economists in New Hampshire earn the 10th highest average salary in the U.S. The median annual salary for
economists in New Hampshire is
$118,300, which is +25% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $118,300 |
| 10th Percentile | $59,970 |
| 25th Percentile | $71,180 |
| 75th Percentile | $153,560 |
| 90th Percentile | $161,070 |
Conclusion
The highest-paid economists are in District of Columbia, where they earn an average of $151,850 per year. The lowest-paid economists are in Michigan, where they earn an average of $-1 per year. The U.S. average salary for economists is $95,007 per year and there are 14,530 jobs in the field.
