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Economic Development Director Salary

Economic Development Directors in the United States are often veterans in their line of work, with a little more than half bringing more than 10 years of experience to the table. Salaries slide in at $65K per year on average but can range from $45K to $106K per year. The majority of workers are highly satisfied with their job. A large number report receiving medical coverage from their employers and the greater part collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. Respondents to the PayScale salary survey provided the data for this report.
$44,330 - $102,352
(Median)
44K
53K
65K
82K
100K
MEDIAN: $65,033
10%
25%
50%
75%
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
$44,330 - $102,352  
   
Bonus
$0.00 - $9,899  
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).
)
$45,101 - $106,066  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 194
United States (change)

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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Economic Development Directors who responded to the survey report just a handful of professional skills. Project Management and Business Development are considered valuable skills and can increase employee pay by 14 percent and 10 percent, respectively.

Pay by Experience Level for Economic Development Director

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


For Economic Development Directors, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Survey participants with less than five years' experience pocket $56K on average, but those with five to 10 years of experience enjoy a much bigger median of $65K. Economic Development Directors with one to two decades of relevant experience report an average salary of approximately $74K. Economic Development Directors with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $80K.

Related Job Salaries

Experience Affects Economic Development Director Salaries

Late-Career
up arrow 22%

Experienced
up arrow 13%

National Average
$65,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 15%

Skills That Affect Economic Development Director Salaries

Project Management
up arrow 14%

Business Development
up arrow 10%

National Average
$65,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 40 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
27%
10-19 years
34%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 67%
vision benefits Vision: 58% employee benefits None: 8%