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Growth
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Employment
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Education

How much does an Economist make in Illinois?

Average Economist Hourly Wage in Illinois

Economists earn a median hourly wage of $46.37. Hourly wages typically start from $24.99 and go up to $82.41.

Average Economist Yearly Salary in Illinois

Economists earn a median salary of $96,450 per year. Salaries typically start from $51,990 and go up to $171,420.

These numbers may vary depending on several factors, like level of education, amount of experience, industry, company size and location.

Learn more about the Economist job market for salaries of real jobs in your area. Alternatively, see what Economists earn in other states.

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 to Become an Economist

Interested in becoming an economist? Here are your next steps.

  1. Take the Sokanu Career Test

    Would you make a good economist? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

    Take the free career test
  2. Get the Education

    A doctorate degree is required to be an Economist. An economics degree is preferred.

  3. Get Hired

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    View all jobs →

    Would you like to post jobs on this career? Find the best candidates using Sokanu's new psychometric job platform. Visit employers.sokanu.com today.

Economist Earnings by Seniority

Top End Economist Earnings

The highest earning Economists in Illinois earn:

$82.41
an hour
$171,420
per year
Senior Economist Earnings

Senior Economists in Illinois earn:

$55.83
an hour
$116,120
per year
Experienced Economist Earnings

Experienced Economists in Illinois earn:

$46.37
an hour
$96,450
per year
Junior Economist Earnings

Junior Economists in Illinois earn:

$32.56
an hour
$67,720
per year
Starting Economist Earnings

Starting Economists in Illinois earn:

$24.99
an hour
$51,990
per year

Approximate values based on highest and lowest earning segments.

Find your perfect career

Would you make a good economist? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

Take the free career test

Economist salary comparison

Economists earn more than 88% percent of Science careers in Illinois. Economist salaries are in the top 75% of all careers in Illinois.

Natural Sciences Manager Salary in Illinois $115k
Economist Salary $96k
Forensic Science Technician Salary in Illinois $85k
Cartographer Salary in Illinois $76k
Statistician Salary in Illinois $73k
Explosives Worker Salary in Illinois $68k
Curator Salary in Illinois $60k
Food Science Technologist Salary in Illinois $57k
Forest and Conservation Worker Salary in Illinois $27k

Historical salary for Economists in Illinois

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

How to Become an Economist

Interested in becoming an economist? Here are your next steps.

  1. Take the Sokanu Career Test

    Would you make a good economist? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

    Take the free career test
  2. Get the Education

    A doctorate degree is required to be an Economist. An economics degree is preferred.

  3. Get Hired

      Loading jobs...

    View all jobs →

    Would you like to post jobs on this career? Find the best candidates using Sokanu's new psychometric job platform. Visit employers.sokanu.com today.

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