Median pay for Economic Development Directors in the United States lies in the neighborhood of $68K per year. Men working as Economic Development Directors who took the survey just slightly outnumber women at 58 percent. Job satisfaction for Economic Development Directors is high. A large number report receiving medical coverage from their employers and a majority collect dental insurance. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$43,284 - $115,568
$43K
$68K
$120K
MEDIAN: $67,595
10%
50%
90%

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$18.51 - $45.00
$31
MEDIAN: $30.95
50%

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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.
)
$0$50K$100K$150K
Salary
$43,284 - $115,568  
   
Bonus
$402.68 - $19,866  
Profit Sharing
$3,000  
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).
)
$42,389 - $119,501  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 140
National Hourly Rate 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.
)
$0$25$50$75
Hourly Rate
$30.95  
   
Overtime
$27.76  
National Annualized 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.
)
$0$50K$100K$150K
Bonus
$402.68 - $19,866  
   
Profit Sharing
$3,000  
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).
)
$42,389 - $119,501  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 7

Find Out Exactly What You Should Be Paid

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

  • 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

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Pay by Experience Level for Economic Development Director

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


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. The average worker who claims fewer than five years of experience earns around $53K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $68K. People with 10 to 20 years of experience make an average of about $86K in this role. More than 20 years of experience mean a somewhat bigger median paycheck of $89K, but it's not much more than what less experienced people make.

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 12 votes.
031
Less than 1 year
2%
1-4 years
30%
5-9 years
22%
10-19 years
31%
20 years or more
15%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Economic Development Director Salaries

Late-Career
up arrow 31%

Experienced
up arrow 26%

Mid-Career
0%

National Average
$68,000

Entry-Level
up arrow 22%

Skills That Affect Economic Development Director Salaries

New Business Development
up arrow 46%

Project Management
up arrow 12%

National Average
$68,000


Oral / Verbal Communication
up arrow 32%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
22%
10-19 years
31%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 68%
vision benefits
Vision: 56%
dental benefits
None: 11%
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