Economic Development Director Salary

Economic Development Directors in the United States take home approximately $69K annually on average. Men make up a slight majority of Economic Development Directors (55 percent) who responded to the survey. Most Economic Development Directors like their work and job satisfaction is high. Most enjoy medical while the greater part get dental coverage. Vision coverage is also available to more than half. The data in this summary comes from the PayScale salary survey.

$43,655 - $116,297
$44K
$69K
$120K
MEDIAN: $68,593
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
$43,655 - $116,297  
   
Bonus
$487.22 - $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).
)
$42,798 - $120,248  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 136
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
$487.22 - $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).
)
$42,798 - $120,248  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 7

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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.

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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.


Experience is an important factor influencing the compensation of Economic Development Directors. Survey participants with less than five years' experience pocket $54K on average, but those with five to 10 years of experience enjoy a much bigger median of $69K. Economic Development Directors claiming one to two decades of experience make an estimated median of $86K. More than 20 years of experience mean a somewhat bigger median paycheck of $88K, but it's not much more than what less experienced people make.

Related Job Salaries

Key Stats for Economic Development Director

Gender

Female
45 %
Male
55 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.
Less than 1 year
3%
1-4 years
28%
5-9 years
21%
10-19 years
32%
20 years or more
16%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Economic Development Director Salaries

Late-Career
▲27%

Experienced
▲24%

National Average
$69,000

Mid-Career
▼1%

▼23%

Skills That Affect Economic Development Director Salaries

New Business Development
▲80%

Project Management
▲10%

National Average
$69,000


Oral / Verbal Communication
▼33%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
3%
1-4 years
28%
5-9 years
21%
10-19 years
32%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 68%
vision benefits
Vision: 60%
dental benefits
None: 11%
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