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Economist Salary

Median pay for Economists in the United States is around $75K per year. Cash earnings for Economists — which occasionally include more than $21K from bonuses and more than $12K from profit sharing — stretch from around $43K to approximately $144K. Experience level is the main element affecting pay for this group — the particular city and the specific company are driving factors as well. Most Economists survey respondents are men (77 percent). Almost all report receiving medical coverage from their employers and the greater part collect dental insurance. The majority of Economists claim high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$43,078 - $134,271
(Median)
$43K
$75K
$130K
MEDIAN: $74,904
10%
50%
90%

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$15.30 - $71.10
(Median)
$15
$25
$71
MEDIAN: $25.00
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
$43,078 - $134,271  
   
Bonus
$0.00 - $20,614  
Profit Sharing
$1,280 - $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).
)
$43,117 - $144,285  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 881
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 - $46.25  
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 - $20,614  
   
Profit Sharing
$1,280 - $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).
)
$43,117 - $144,285  
Country: United States | Currency: USD | Updated: 2 May 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


U.S. Department of The Treasury offers the largest salaries in town — $106K on average.

Popular Skills for Economist


Economists seem to require a number of specific skills. Most notably, skills in Data Modeling, Policy Analysis, Statistical Analysis, and SAS are correlated to pay that is above average, with boosts in pay of 13 percent. 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.


Economists with a rich background of experience are typically rewarded with larger paychecks. Salaries for the relatively untried average out to around $63K, but survey participants with five to 10 years of experience earn a significantly higher median of $91K. Experienced professionals — those with 10 to 20 years in the field — see salaries in the six-figure territory, securing around $107K on average. 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 $129K.

Pay Difference by Location


Economists will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 38 percent. Economists will also find cushy salaries in Washington (+19 percent), Seattle (+17 percent), Los Angeles (+6 percent), and New York (+5 percent). The lowest-paying market is Austin, which sits 27 percent below the national average, proving that location is a significant contributor to overall pay. Two other places where employers offer below-median salaries are Raleigh (27 percent less) and Philadelphia (20 percent less).

Related Job Salaries

United States (change)

Experience Affects Economist Salaries




National Average
$76,000


Skills That Affect Economist Salaries





SAS
up arrow 6%

Financial Analysis
up arrow 4%

Data Analysis
0%

National Average
$76,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 158 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
14%
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: 66%
vision benefits Vision: 55% employee benefits None: 8%
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