Economic Development Director Salary

Pay for Economic Development Directors in the United States sits in the ballpark of $67K annually. Medical benefits are awarded to most, and the larger part earn dental coverage. The majority of Economic Development Directors claim high levels of job satisfaction. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 51 percent.

$44,107 - $107,558
MEDIAN: $67,028

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
$44,107 - $107,558  
$0.00 - $9,787  
Profit Sharing
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
$45,071 - $112,539  
Country: United States | Currency: USD | Updated: 20 Sep 2015 | Individuals Reporting: 212
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Job Description for Economic Development Director

Economic development directors oversee fundamental tasks regarding the advancement of their company's economic development. Those in this position are expected to develop policies which facilitate the growth of their area of operation and develop working relationships with members of the community, including local businesses and the general public. Maintaining these personal relationships is often the key to success in this position.


Economic Development Director Tasks

  • Develop and implement policies to expand reach and scope of department.
  • Create, report on, and adjust department budget, including setting goals.
  • Hire, mentor, and evaluate a team, setting goals, and defining projects.
  • Collaborate with many stakeholders and create positive relationships.

Economic Development Director Job Listings

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Just a handful of professional skills are reported by Economic Development Directors who took the survey. Most notably, facility with New Business Development and Project Management are correlated to pay that is significantly above average, leading to increases of 31 percent and 5 percent, respectively. Those listing Oral / Verbal Communication as a skill should be prepared for drastically lower pay.

Pay by Experience Level for

Median of all compensation (including tips, bonus, and overtime) by years of experience.

For many Economic Development Directors, more experience generally translates to higher pay. People who have worked for fewer than five years bring home $55K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $66K. Economic Development Directors with one to two decades of relevant experience report an average salary of approximately $78K. People who have worked for more than 20 years report a median income of $87K, which is barely higher than the median for folks with 10 to 20 years of experience.

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Experience Affects Salaries

up arrow 28%

up arrow 15%

National Average

up arrow 3%

up arrow 18%

Skills That Affect Salaries

New Business Development
up arrow 31%

Project Management
up arrow 5%

Business Development
up arrow 3%

National Average

Oral / Verbal Communication
up arrow 31%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.


51 %
49 %

Years of Experience

Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 66%
vision benefits Vision: 56% employee benefits None: 8%