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Economist Salary

Economists in the United States pull down an average of $75K per year. Total cash compensation to Economists approaches anywhere from $44K on the lower end to $144K on the higher end; in exceptional cases, this can include more than $20K from bonuses and upwards of $12K from profit sharing. This group's pay is mainly influenced by experience level, followed by the particular city and the specific company. Making up 78 percent of those who took the survey, male Economists greatly outnumber their female counterparts. Medical benefits are awarded to almost all, and a majority earn dental coverage. Work is enjoyable for Economists, who typically claim high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
$43,819 - $133,909
(Median)
44K
75K
100K
130K
MEDIAN: $75,050
10%
50%
75%
90%

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$15.55 - $69.00
(Median)
16
36
69
MEDIAN: $24.00
10%
75%
90%

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Show Annual Salary Show Hourly Rate

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
$43,819 - $133,909  
   
Bonus
$0.00 - $20,484  
Profit Sharing
$1,003 - $12,093  
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).
)
$43,751 - $143,983  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 855
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
$15.55 - $69.00  
   
Overtime
$0.00 - $53.62  
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 - $20,484  
   
Profit Sharing
$1,003 - $12,093  
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).
)
$43,751 - $143,983  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 39
United States (change)

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


Popular Skills for Economist


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Data Modeling, Statistical Analysis, Policy Analysis, and Financial Analysis are correlated to pay that is above average, with boosts between 10 percent and 14 percent. Those educated in Data Analysis tend to be well versed in Policy Analysis.

Pay by Experience Level for Economist

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


Economists with a rich background of experience are typically rewarded with larger paychecks. Workers in their first five years can expect to earn $62K, but people who have been around for five to 10 years earn a noticeably bigger sum of $90K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $104K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $132K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location


For Economists, San Francisco provides a pay rate that is 35 percent greater than the national average. Economists will also find cushy salaries in Seattle (+24 percent), Houston (+23 percent), Washington (+17 percent), and Los Angeles (+13 percent). Location is a huge contributor to overall pay, with Economists in Austin earning a whopping 29 percent below the national average. Two other places where employers offer below-median salaries are Raleigh (26 percent less) and Philadelphia (21 percent less).

Related Job Salaries

Experience Affects Economist Salaries




National Average
$76,000


Skills That Affect Economist Salaries






SAS
up arrow 5%

Data Analysis
0%

National Average
$76,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 203 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
13%
1-4 years
44%
5-9 years
19%
10-19 years
14%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 66%
vision benefits Vision: 53% employee benefits None: 8%