Median pay for Economic Development Directors in the United States lies in the neighborhood of $70K per year. Job satisfaction for Economic Development Directors is high. Male Economic Development Directors are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 56 percent of the field. Medical benefits are awarded to a large number, and more than half earn dental coverage.

$43,273 - $117,954
(Median)
$43K
$70K
$120K
MEDIAN: $69,616
10%
50%
90%

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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
$43,273 - $117,954  
   
Bonus
$295.90 - $20,273  
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).
)
$42,814 - $120,582  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 137
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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.

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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.


Economic Development Directors who reported more years of relevant experience also reported higher earnings. Salaries for the relatively untried average out to around $54K, but survey participants with five to 10 years of experience earn a significantly higher median of $70K. On average, Economic Development Directors make $85K following one to two decades on the job. Economic Development Directors who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $91K on average.

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Experience Affects Economic Development Director Salaries

Late-Career
up arrow 29%

Experienced
up arrow 21%

Mid-Career
0%

National Average
$70,000

Entry-Level
up arrow 24%

Skills That Affect Economic Development Director Salaries

New Business Development
up arrow 42%

Project Management
up arrow 9%

National Average
$70,000

Business Development
up arrow 3%

Oral / Verbal Communication
up arrow 33%

Job Satisfaction

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

Gender

Female
44 %
Male
56 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
23%
10-19 years
29%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 69%
medical benefits
Vision: 58%
dental benefits
None: 9%
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