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Economic Development Director Salary

Just over a half of Economic Development Directors in the United States have been in the field for more than 10 years. Pay can fall anywhere from $45K to $106K per year, but median earnings come to around $66K annually. Most enjoy medical while the greater part get dental coverage. Vision coverage is also available to slightly more than half. Women Economic Development Directors who took the survey just slightly outnumber men. Most workers in this position report high levels of job satisfaction.

$44,057 - $103,145
(Median)
$44K
$66K
$100K
MEDIAN: $65,973
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$44,057 - $103,145  
   
Bonus
$0.00 - $9,826  
Profit Sharing
$2,500 - $35,000  
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).
)
$45,239 - $106,320  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 197

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United States (change)


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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.

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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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Survey takers who work as Economic Development Directors typically report just a few professional skills. New Business Development and Project Management are considered valuable skills and can increase employee pay by 16 percent and 9 percent, respectively.

Pay by Experience Level for Economic Development Director

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


Economic Development Directors with a rich background of experience are typically rewarded with larger paychecks. Those in the early stages of their career can expect to make around $55K; however, individuals with five to 10 years of experience bring in $66K on average — a distinctly larger sum. The average pay reported by folks with 10 to 20 years of experience is around $76K. More than 20 years of experience mean a somewhat bigger median paycheck of $84K, but it's not much more than what less experienced people make.

Related Job Salaries

United States (change)

Experience Affects Economic Development Director Salaries

Late-Career
up arrow 25%

Experienced
up arrow 14%

National Average
$67,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 17%

Skills That Affect Economic Development Director Salaries

New Business Development
up arrow 16%

Project Management
up arrow 9%

Business Development
up arrow 1%

National Average
$67,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
28%
10-19 years
34%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 66%
vision benefits Vision: 55% employee benefits None: 9%
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