Match
$99k $99k
Avg US Salary
21k 21k
Employment
5.7% 5.7%
Growth
3.3/5 3.3/5
Rating
Ph.D. Doctorate
Education

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 $47.68. Hourly wages typically start from $25.26 and go up to $85.08.

Average Economist Yearly Salary in the United States

Economists earn a median salary of $99,180 per year. Salaries typically start from $52,540 and go up to $176,960.

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.

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

    • Delaware Technical Community College-Terry | Dover, DE
      Offers: Associates
    • Delaware Technical Community College-Stanton/Wilmington | Wilmington, DE
      Offers: Certificate, Associates
    • Delaware State University | Dover, DE
      Offers: Bachelors
    • University of Delaware | Newark, DE
      Offers: Bachelors
    • Goldey-Beacom College | Wilmington, DE
      Offers: Certificate, Associates, Bachelors
  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 the United States earn:

$85.08
an hour
$176,960
per year
Senior Economist Earnings

Senior Economists in the United States earn:

$64.46
an hour
$134,080
per year
Experienced Economist Earnings

Experienced Economists in the United States earn:

$47.68
an hour
$99,180
per year
Junior Economist Earnings

Junior Economists in the United States earn:

$34.07
an hour
$70,870
per year
Starting Economist Earnings

Starting Economists in the United States earn:

$25.26
an hour
$52,540
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. Economist salaries are in the top 92% of all careers in the United States.

Particle Physicist Salary $110k
Economist Salary $99k
Geologist Salary $91k
Statistician Salary $80k
Chemist Salary $73k
Food Science Technologist Salary $65k
Soil and Plant Scientist Salary $60k
Curator Salary $51k
Forest and Conservation Worker Salary $27k

Historical salary for Economists in the United States

Economist salary by state

Click on a state to learn more

State Hourly Wage Annual Salary Rank
Economist Salary in Indiana $ $ # 1
Economist Salary in District of Columbia $54.44 $113,230 # 2
Economist Salary in Virginia $57.63 $119,870 # 3
Economist Salary in New York $51.25 $106,590 # 4
Economist Salary in Texas $49.16 $102,240 # 5
Economist Salary in Ohio $44.40 $92,350 # 6
Economist Salary in Maryland $56.75 $118,040 # 7
Economist Salary in North Carolina $46.87 $97,490 # 8
Economist Salary in California $50.69 $105,430 # 9
Economist Salary in Illinois $45.62 $94,880 # 10
Economist Salary in Missouri $42.49 $88,380 # 11
Economist Salary in Louisiana $41.90 $87,150 # 12
Economist Salary in Connecticut $43.51 $90,490 # 13
Economist Salary in Massachusetts $38.67 $80,440 # 14
Economist Salary in Idaho $51.66 $107,460 # 15
Economist Salary in Georgia $44.67 $92,910 # 16
Economist Salary in Colorado $43.06 $89,570 # 17
Economist Salary in Florida $39.00 $81,120 # 18
Economist Salary in Montana $39.83 $82,840 # 19
Economist Salary in Oklahoma $38.48 $80,040 # 20
Economist Salary in Tennessee $39.05 $81,220 # 21
Economist Salary in Washington $39.92 $83,030 # 22
Economist Salary in New Jersey $43.13 $89,710 # 23
Economist Salary in Michigan $35.26 $73,350 # 24
Economist Salary in Pennsylvania $37.00 $76,950 # 25
Economist Salary in Oregon $39.05 $81,220 # 26
Economist Salary in Utah $37.55 $78,110 # 27
Economist Salary in Alaska $37.78 $78,580 # 28
Economist Salary in Vermont $34.54 $71,850 # 29
Economist Salary in New Hampshire $36.63 $76,200 # 30
Economist Salary in Nevada $36.11 $75,120 # 31
Economist Salary in Wyoming $34.21 $71,150 # 32
Economist Salary in Delaware $32.45 $67,490 # 33
Economist Salary in Arizona $34.09 $70,920 # 34
Economist Salary in Wisconsin $27.32 $56,810 # 35
Economist Salary in Hawaii $33.37 $69,410 # 36
Economist Salary in Kansas $29.26 $60,860 # 37
Economist Salary in South Carolina $28.25 $58,770 # 38
Economist Salary in Kentucky $32.12 $66,820 # 39
Economist Salary in Arkansas $30.07 $62,540 # 40
Economist Salary in Minnesota $28.34 $58,940 # 41
Economist Salary in New Mexico $29.13 $60,580 # 42
Economist Salary in West Virginia $18.17 $37,790 # 43
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

    • Delaware Technical Community College-Terry | Dover, DE
      Offers: Associates
    • Delaware Technical Community College-Stanton/Wilmington | Wilmington, DE
      Offers: Certificate, Associates
    • Delaware State University | Dover, DE
      Offers: Bachelors
    • University of Delaware | Newark, DE
      Offers: Bachelors
    • Goldey-Beacom College | Wilmington, DE
      Offers: Certificate, Associates, Bachelors
  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.