$101k $101k
21k 21k
5.7% 5.7%
3.2/5 3.2/5
Ph.D. Doctorate

How much does an Economist make in the United States?

Average Economist Hourly Wage in the United States

Economists earn a median hourly wage of $48.58. Hourly wages typically start from $26.51 and go up to $87.05.

Source: U.S. Department of Labor Bureau of Labor Statistics

Average Economist Yearly Salary in the United States

Economists earn a median salary of $101,050 per year. Salaries typically start from $55,150 and go up to $181,060.

Source: U.S. Department of Labor Bureau of Labor Statistics

Learn more about the Economist job market for salaries of real jobs in your area.

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.

Employment Type Mix

82%
Full-Time
18%
Part-Time

Source: Sokanu user data. View more Economist demographics

Salary Satisfaction

3.2
SCORE
456
RATINGS
Economists average a score of 3.2 out of 5 on our salary satisfaction scale. This places Economists in the 70th percentile of salary satisfaction.

Source: Sokanu user data. View more Economist satisfaction

How to Become an Economist

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Economist Earnings by Seniority

Top End Economist Earnings

The highest earning Economists in the United States earn:

$87.05
an hour
$181,060
per year
Senior Economist Earnings

Senior Economists in the United States earn:

$66.40
an hour
$138,120
per year
Experienced Economist Earnings

Experienced Economists in the United States earn:

$48.58
an hour
$101,050
per year
Junior Economist Earnings

Junior Economists in the United States earn:

$35.52
an hour
$73,890
per year
Starting Economist Earnings

Starting Economists in the United States earn:

$26.51
an hour
$55,150
per year

Approximate values based on highest and lowest earning segments.

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Economist salary comparison

Economists earn more than 88% percent of Science careers. Economist salaries are in the top 78% of all careers in the United States.

Political Scientist Salary $114k
Economist Salary $101k
Nanotechnology Engineer Salary $97k
Biochemist Salary $84k
Geographer Salary $76k
Psychologist Salary $70k
Cartographer Salary $62k
Forensic Science Technician Salary $56k
Food Safety And Quality Technician Salary $44k
Forest and Conservation Worker Salary $27k
Source:

Historical salary for Economists in the United States

Source: U.S. Department of Labor Bureau of Labor Statistics

Economist salary by state

Click on a state to learn more

State Hourly Wage Annual Salary Rank
Economist Salary in Virginia $58.52 $121,730 # 1
Economist Salary in Texas $50.56 $105,160 # 2
Economist Salary in District of Columbia $54.88 $114,150 # 3
Economist Salary in New York $50.06 $104,110 # 4
Economist Salary in California $52.68 $109,580 # 5
Economist Salary in Ohio $49.20 $102,330 # 6
Economist Salary in Maryland $54.16 $112,650 # 7
Economist Salary in Illinois $48.69 $101,270 # 8
Economist Salary in Louisiana $52.78 $109,770 # 9
Economist Salary in Massachusetts $44.93 $93,460 # 10
Economist Salary in Connecticut $47.76 $99,330 # 11
Economist Salary in Georgia $47.40 $98,590 # 12
Economist Salary in Missouri $42.54 $88,480 # 13
Economist Salary in Alabama $49.57 $103,110 # 14
Economist Salary in New Jersey $43.58 $90,660 # 15
Economist Salary in Idaho $54.35 $113,040 # 16
Economist Salary in Hawaii $43.55 $90,580 # 17
Economist Salary in Wisconsin $36.97 $76,900 # 18
Economist Salary in North Carolina $42.16 $87,690 # 19
Economist Salary in Colorado $44.04 $91,610 # 20
Economist Salary in Florida $41.17 $85,640 # 21
Economist Salary in Washington $41.90 $87,160 # 22
Economist Salary in Tennessee $38.87 $80,860 # 23
Economist Salary in Pennsylvania $36.99 $76,940 # 24
Economist Salary in Michigan $35.76 $74,380 # 25
Economist Salary in Alaska $39.86 $82,910 # 26
Economist Salary in Arizona $41.35 $86,000 # 27
Economist Salary in Montana $37.68 $78,380 # 28
Economist Salary in Nevada $37.71 $78,440 # 29
Economist Salary in Oregon $38.19 $79,420 # 30
Economist Salary in Utah $37.63 $78,260 # 31
Economist Salary in Iowa $37.59 $78,200 # 32
Economist Salary in Nebraska $34.15 $71,030 # 33
Economist Salary in Vermont $35.30 $73,420 # 34
Economist Salary in West Virginia $38.96 $81,030 # 35
Economist Salary in Oklahoma $35.04 $72,870 # 36
Economist Salary in Indiana $28.88 $60,070 # 37
Economist Salary in Delaware $32.70 $68,010 # 38
Economist Salary in Wyoming $34.97 $72,730 # 39
Economist Salary in New Hampshire $33.75 $70,200 # 40
Economist Salary in Minnesota $29.26 $60,860 # 41
Economist Salary in Kansas $28.69 $59,670 # 42
Economist Salary in Arkansas $28.71 $59,720 # 43
Economist Salary in South Carolina $29.91 $62,210 # 44
Economist Salary in Kentucky $30.27 $62,960 # 45
Economist Salary in New Mexico $29.83 $62,060 # 46
Source: U.S. Department of Labor Bureau of Labor Statistics
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