Economist Salary

The average Economist in the United States earns approximately $72K annually. Including potential for bonuses and profit sharing — peaking near $22K and $49K, respectively — total cash payment to Economists can bottom out near $41K or peak near $131K depending on individual performance. While the specific employer and years of experience impact pay for this group, residence is the most influential factor. Job satisfaction is high and work is enjoyable for most Economists. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Making up 71 percent of those who took the survey, male Economists greatly outnumber their female counterparts. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$41,311 - $125,521
$41K
$72K
$130K
MEDIAN: $71,785
10%
50%
90%

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$11.92 - $43.70
$12
$23
$44
MEDIAN: $22.61
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
$41,311 - $125,521  
   
Bonus
$290.87 - $21,766  
Profit Sharing
$94.27 - $49,316  
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).
)
$40,745 - $130,989  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 680
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
$11.92 - $43.70  
   
Overtime
$9.93 - $69.46  
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
$290.87 - $21,766  
   
Commission
$7,500  
Profit Sharing
$94.27 - $49,316  
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).
)
$40,745 - $130,989  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 50

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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.

Considering that the median salary at Bureau of Labor Statistics is a shallow $54K, it is not surprising that this employer ranks last in compensation relative to (and far behind) other companies in the same line of work — their median pay is less than half of the top paying company's rate.

Popular Skills for Economist


Economists report using a deep pool of skills on the job. Most notably, skills in Policy Analysis, SAS, Forecasting, and Research Analysis are correlated to pay that is above average, with boosts in pay of 14 percent. Skills that pay less than market rate include Microsoft Excel, Econometrics, and Stata. Most people skilled in Data Analysis are similarly competent 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 lot of experience tend to enjoy higher earnings. Respondents with less than five years' experience take home $63K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $89K. 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 acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $119K.

Pay Difference by Location

National Average: $71,368

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

For those looking to make money, Economists in Houston enjoy an exceptional pay rate, 110 percent above the national average. Economists can also look forward to large paychecks in cities like Minneapolis (+48 percent), Washington (+34 percent), Denver (+22 percent), and Seattle (+11 percent). One of the biggest compensable factors for Economists is geography, with workers in Salt Lake City earning a whopping 25 percent below the national average. Employers in Raleigh and Chicago also lean toward paying below-median salaries (22 percent lower and 17 percent lower, respectively).

Related Job Salaries

Key Stats for Economist

Gender

Female
29 %
Male
71 %

Job Satisfaction

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

▲67%

▲43%

▲24%

National Average
$71,000

▼12%

Skills That Affect Economist Salaries


SAS
▲14%

▲12%






R
▲1%

National Average
$71,000


Economics
▼2%

Stata
▼5%


▼6%

Job Satisfaction

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

Gender

Female
29 %
Male
71 %

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: 62%
dental benefits
None: 11%
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