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Economic Development Director Salary

Economic Development Directors in the United States tend to have a good amount of experience under their belt — slightly more than half have more than 10 years in the field. While pay runs from $46K to $109K per year, median earnings come to $66K annually. Most enjoy medical while more than half get dental coverage. Vision coverage is also available to a majority. The majority of workers are highly satisfied with their job. Women make up a slight majority of Economic Development Directors (51 percent) survey respondents. The data for this synopsis comes from respondents who took the PayScale salary survey.

$44,829 - $103,687
(Median)
$45K
$66K
$100K
MEDIAN: $66,202
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
$44,829 - $103,687  
   
Bonus
$0.00 - $9,787  
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).
)
$45,771 - $108,808  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 193

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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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Typical Economic Development Directors report a focused set of job skills. Project Management and Business Development are considered valuable skills and can increase employee pay.

Pay by Experience Level for Economic Development Director

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


More years of relevant experience do not necessarily translate to higher paychecks. The average beginner in this position makes around $56K, but folks who have been around for five to 10 years see a markedly higher median salary of $66K. For Economic Development Directors, 10 to 20 years of experience on the job amounts to an average salary of $76K. Economic Development Directors who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $84K.

Related Job Salaries

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Experience Affects Economic Development Director Salaries

Late-Career
up arrow 25%

Experienced
up arrow 14%

National Average
$67,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 17%

Skills That Affect Economic Development Director Salaries

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 35 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 68%
vision benefits Vision: 57% employee benefits None: 9%