Economists in the United States take home approximately $73K per year on average. Experience level is the biggest factor affecting pay for this group, followed by the particular city and the particular employer. Making up 71 percent of those who took the survey, male Economists greatly outnumber their female counterparts. The majority of workers are highly satisfied with their job. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. The information for this snapshot was generated by responses to the PayScale salary survey.
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$41,577 - $127,174
(Median)
$42K
$73K
$130K
MEDIAN: $72,531
10%
50%
90%

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$11.77 - $48.18
(Median)
$12
$24
$48
MEDIAN: $24.00
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
$41,577 - $127,174  
   
Bonus
$100.67 - $20,783  
Profit Sharing
$1,500  
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).
)
$41,245 - $133,039  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 711
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
$11.77 - $48.18  
   
Overtime
$10.07 - $68.54  
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
$100.67 - $20,783  
   
Profit Sharing
$1,500  
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).
)
$41,245 - $133,039  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 43
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Job Description for Economist

Economists advise businesses and/or government organizations in different aspects of economics. Topics vary greatly, and they can include tax rates, health statistics, energy facts, transportation, international trade, and development.

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Economist Tasks

  • Compile reports and illustrations of research findings.
  • Devise methods for data collection, sampling, and processing in regard to finance, labor, agriculture, commodities, trade, etc.
  • Design and conduct research to identify trends, formulate forecast models.
  • Advise the government, agencies, corporations, and/or banks about the adoption of financial policies.

Economist Job Listings

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Popular Employer Salaries for Economist


Economists flock to The World Bank Group for generous paychecks, where average earnings of $110K lead the pack in compensation.

Popular Skills for Economist


Economists seem to wield many skills on the job. Most notably, skills in Policy Analysis, Forecasting, SAS, and Statistical Analysis are correlated to pay that is above average, with boosts between 10 percent and 15 percent. At the other end of the pay range are skills like Microsoft Excel, Stata, and Economics. The majority of those who know Data Analysis also know Policy Analysis.

Pay by Experience Level for Economist

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. Those in the early stages of their career can expect to make around $63K; however, individuals with five to 10 years of experience bring in $90K on average — a distinctly larger sum. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $102K. Economists who have spent more than 20 years on the job report earning a significantly higher median of $121K.

Pay Difference by Location

National Average: $72,520

Larger city markers indicate a job is popular in that location.

For Economists, San Francisco provides a pay rate that is 38 percent greater than the national average. Economists will also find cushy salaries in Washington (+28 percent), Denver (+19 percent), Houston (+15 percent), and Seattle (+8 percent). Economists in Austin make 33 percent less than the national average, proving that location is a major factor in pay. Employers also pay below the national average in Salt Lake City (26 percent lower) and Raleigh (23 percent lower).

Related Job Salaries

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Experience Affects Economist Salaries




National Average
$73,000


Skills That Affect Economist Salaries


Forecasting
up arrow 13%

SAS
up arrow 10%





Econometrics
up arrow 3%

Data Analysis
up arrow 2%

R
up arrow 2%

National Average
$73,000

Financial Analysis
up arrow 1%

Economics
up arrow 3%

Stata
up arrow 9%

Microsoft Excel
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 68 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

Less than 1 year
19%
1-4 years
43%
5-9 years
18%
10-19 years
13%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 72%
medical benefits
Vision: 61%
dental benefits
None: 9%
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