Economist Salary

Average Economists in the United States make around $75K per year. Cash earnings for Economists — including $21K in bonuses and $12K in profit sharing proceeds near the top of the pay scale — generally stretch from $43K to $145K depending on individual performance. Career duration is the biggest factor affecting pay for this group, followed by the particular city and the specific company. Most Economists report high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a majority collect dental insurance. Generally, women make up less than a third of all Economists who answered the questionnnaire. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$43,123 - $134,321
(Median)
$43K
$75K
$130K
MEDIAN: $74,953
10%
50%
90%

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$15.30 - $71.10
(Median)
$15
$25
$71
MEDIAN: $24.00
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
$43,123 - $134,321  
   
Bonus
$0.00 - $20,725  
Profit Sharing
$1,007 - $11,986  
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).
)
$43,160 - $144,742  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 877
National Hourly Rate 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$25$50$75
Hourly Rate
$15.30 - $71.10  
   
Overtime
$0.00 - $50.53  
National Annualized 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
Bonus
$0.00 - $20,725  
   
Profit Sharing
$1,007 - $11,986  
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).
)
$43,160 - $144,742  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 35

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Job Description for Economist

Economists analyze government and economic data to predict and forecast economic trends in a region, country, or the entire world. They conduct research on various segments of an area's economy such as commodities, finance, labor, agriculture, and trade. After conducting the research, they use data complied in order to make forecasts and predictions concerning the state of the economy, and how to keep it growning and thriving.

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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


Heading up the field in terms of compensation, U.S. Department of The Treasury offers the most; Economists earn $106K on average there.

Popular Skills for Economist


Economists report using a diverse set of skills on the job. Most notably, skills in Data Modeling, Statistical Analysis, Policy Analysis, and SAS are correlated to pay that is above average, with boosts between 12 percent and 15 percent. It is often found that people who know Data Analysis are also skilled in Policy Analysis.

Pay by Experience Level for Economist

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


Experience seems to be a major factor in determining the incomes of Economists. Survey participants with less than five years' experience pocket $62K on average, but those with five to 10 years of experience enjoy a much bigger median of $91K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $107K. Old hands who claim more than two decades on the job enjoy average earnings of $130K.

Pay Difference by Location


With a pay rate for Economists that is 35 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Economists will also find cushy salaries in Seattle (+22 percent), Washington (+20 percent), Los Angeles (+7 percent), and Chicago (+6 percent). Economists in Philadelphia make 32 percent less than the national average, proving that location is a major factor in pay. Workers in Austin and Raleigh earn salaries that trail the national average for those in this profession (31 percent less and 27 percent less, respectively).

Related Job Salaries

United States (change)

Experience Affects Economist Salaries




National Average
$76,000


Skills That Affect Economist Salaries





SAS
up arrow 6%


Data Analysis
up arrow 1%

National Average
$76,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 170 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
13%
1-4 years
45%
5-9 years
19%
10-19 years
13%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 67%
vision benefits Vision: 55% employee benefits None: 7%