Economist Salary

The average Economist in the United States can expect to rake in roughly $71K per year. In the world of Economists, overall cash allowance can occasionally include more than $26K from bonuses and, in some exceptional cases, $49K from profit sharing, causing incomes to vary widely between $41K and $142K. The most important factor affecting compensation for this group is residence, followed by the company and experience level. Generally, women make up less than a third of all Economists who answered the questionnnaire. Most Economists report high levels of job satisfaction. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. The numbers in this rundown were provided by PayScale's salary survey participants.
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$41,618 - $130,486
$42K
$71K
$130K
MEDIAN: $70,554
10%
50%
90%

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$11.86 - $49.75
$12
$23
$50
MEDIAN: $23.30
10%
50%
90%

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$0$141K
Salary $41,618 - $130,486
Bonus $303.04 - $25,877
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).
)
$41,026 - $141,607
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 684
Hourly Data $0$68
Hourly Rate $11.86 - $49.75
Overtime $9.86 - $68.54
Annual Data $0$141K
Bonus $303.04 - $25,877
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).
)
$41,026 - $141,607
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 47

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

Popular Employer Salaries for Economist


The World Bank Group attracts talent by shelling out the biggest paychecks in the area — the median in that office is $110K.

With a median employee salary of $54K, Bureau of Labor Statistics pays significantly less than its competitors (less than half of the top paying employer's rate).

Popular Skills for Economist


Economists seem to require a rather large skill set. Most notably, skills in Policy Analysis, SAS, Forecasting, and Research Analysis are correlated to pay that is above average, with boosts in pay of 15 percent. Skills that seem to negatively impact pay include Microsoft Excel, Econometrics, and Stata. Those familiar with Data Analysis also tend to know Policy Analysis.

Pay by Experience Level for Economist

Pay by Experience for an Economist has a positive trend. An entry-level Economist with less than 5 years of experience can expect to earn an average total compensation of $63,000 based on 531 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Economist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $89,000 based on 168 salaries. An experienced Economist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $102,000 based on 114 salaries. An Economist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $119,000 based on 49 salaries.

Pay Difference by Location

National Average: $70,706

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

Houston is home to an above-average pay rate for Economists, 112 percent higher than the national average. Economists will also find cushy salaries in Minneapolis (+49 percent), Washington (+35 percent), Denver (+23 percent), and Seattle (+12 percent). Compared to the national average, Salt Lake City Economists have considerably lower salaries, 24 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Raleigh and Chicago are a couple other places where companies are known to pay below the median — salaries are 21 percent lower and 16 percent lower, respectively.

Economist Reviews

Q: What is it like working as an Economist?

Economist in Washington:
"Current."
Pros: Relaxed atmosphere, big office, autonomy.
Cons: Not on board with the mission.

Related Job Salaries

Key Stats for Economist

Gender

Female
30 %
Male
70 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 71 votes.
Less than 1 year
18%
1-4 years
45%
5-9 years
17%
10-19 years
13%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Economist Salaries

▲68%

▲44%

▲25%

National Average
$71,000

▼11%

Skills That Affect Economist Salaries


SAS
▲15%

▲14%





R
▲2%



National Average
$71,000

Economics
▼1%

Stata
▼4%


▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 71 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
18%
1-4 years
45%
5-9 years
17%
10-19 years
13%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 71%
vision benefits
Vision: 62%
no benefits
None: 11%
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