Median pay for Economists in the United States lies in the neighborhood of $72K annually. Cash earnings for Economists — which occasionally include more than $24K from bonuses and more than $48K from profit sharing — stretch from around $41K to approximately $128K. The most important factor affecting compensation for this group is location, followed by career length and the individual firm. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The majority of workers are highly satisfied with their job. Most Economists survey respondents are men (70 percent). Participants in PayScale's salary questionnaire provided the particulars of this report.
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$41,226 - $124,177
$41K
$72K
$120K
MEDIAN: $72,279
10%
50%
90%

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$11.88 - $38.24
$12
$22
$38
MEDIAN: $21.99
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
$41,226 - $124,177  
   
Bonus
$99.33 - $24,051  
Profit Sharing
$95.83 - $48,479  
Commission
$7,500  
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).
)
$40,778 - $127,827  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 699
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
$11.88 - $38.24  
   
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
$99.33 - $24,051  
   
Commission
$7,500  
Profit Sharing
$95.83 - $48,479  
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).
)
$40,778 - $127,827  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 48

Find Out Exactly What You Should Be Paid

United States (change)

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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

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

Economist Job Listings

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Popular Employer Salaries for Economist


For Economists, comfortable salaries can be found at The World Bank Group; in fact, median earnings sit around $110K, the highest in the area.

Popular Skills for Economist


Economists seem to wield many skills on the job. Most notably, skills in SAS, Policy Analysis, Forecasting, and Statistical Analysis are correlated to pay that is above average, with boosts between 10 percent and 15 percent. Skills that seem to negatively impact pay include Microsoft Excel, Stata, and Econometrics. Those proficient in Data Analysis are, more often than not, also skilled in Policy Analysis.

Pay by Experience Level for Economist

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


For many Economists, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Relatively untried employees who have less than five years' experience make $63K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $89K. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $101K. Survey participants who have worked for more than two decades report bringing in $118K on average.

Pay Difference by Location

National Average: $71,728

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

For Economists, Houston provides a pay rate that is 105 percent greater than the national average. Economists can also look forward to large paychecks in cities like Washington (+31 percent), Denver (+18 percent), Seattle (+12 percent), and San Francisco (+12 percent). Economists in Austin report much lower salaries than the rest of the country — 33 percent below the national average — proving that residence is a major factor in overall pay. Not at the bottom but still paying below the median are employers in Salt Lake City and Raleigh (26 percent lower and 22 percent lower, respectively).

Related Job Salaries

Key Stats for Economist

Gender

Female
30 %
Male
70 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.
043
Less than 1 year
19%
1-4 years
44%
5-9 years
17%
10-19 years
13%
20 years or more
7%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Economist Salaries




National Average
$72,000


Skills That Affect Economist Salaries

SAS
up arrow 15%


Forecasting
up arrow 10%






R
up arrow 1%

Financial Analysis
0%

National Average
$72,000

Economics
up arrow 2%


Stata
up arrow 6%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
19%
1-4 years
44%
5-9 years
17%
10-19 years
13%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 71%
vision benefits
Vision: 61%
dental benefits
None: 10%
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