Economic Development Director Salary

With roughly one-half of Economic Development Directors in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $42K to $119K per year and averages out to $70K per year. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Job satisfaction for Economic Development Directors is high. Men working as Economic Development Directors who took the survey just slightly outnumber women at 58 percent. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$43,433 - $115,707
$43K
$70K
$120K
MEDIAN: $69,663
10%
50%
90%

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$16.00 - $45.00
$27
MEDIAN: $27.00
50%

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$0$119K
Salary $43,433 - $115,707
Bonus $0.00 - $20,134
Profit Sharing $2,650
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).
)
$41,936 - $119,092
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 132
Hourly Data $0$45
Hourly Rate $27.00
Overtime $27.76
Annual Data $0$119K
Bonus $0.00 - $20,134
Profit Sharing $2,650
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).
)
$41,936 - $119,092
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 7

Find Out Exactly What You Should Be Paid

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

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

Economic Development Director Job Listings

Pay by Experience Level for Economic Development Director

Pay by Experience for an Economic Development Director has a positive trend. An entry-level Economic Development Director with less than 5 years of experience can expect to earn an average total compensation of $54,000 based on 56 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Economic Development Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $69,000 based on 49 salaries. An experienced Economic Development Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $86,000 based on 55 salaries. An Economic Development Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $88,000 based on 23 salaries.

Related Job Salaries

Key Stats for Economic Development Director

Gender

Female
42 %
Male
58 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.
Less than 1 year
4%
1-4 years
27%
5-9 years
19%
10-19 years
32%
20 years or more
19%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Economic Development Director Salaries

Late-Career
▲26%

Experienced
▲23%

National Average
$70,000

Mid-Career
▼2%

▼23%

Skills That Affect Economic Development Director Salaries

New Business Development
▲78%

Project Management
▲9%

National Average
$70,000


Oral / Verbal Communication
▼33%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
4%
1-4 years
27%
5-9 years
19%
10-19 years
32%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 71%
vision benefits
Vision: 62%
no benefits
None: 11%
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