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Economist Salary

Median pay for Economists in the United States is around $75K per year. Total cash compensation for Economists runs from $43K to $144K depending on bonuses that can occasionally exceed $20K and profit sharing that can reach almost $12K. This group's pay is mainly influenced by career duration, followed by the particular city and the specific company. Almost all enjoy medical while more than half get dental coverage. Vision coverage is also available to slightly more than half. The majority of workers are highly satisfied with their job. Making up 76 percent of those who took the survey, male Economists greatly outnumber their female counterparts. The information for this snapshot was generated by responses to the PayScale salary survey.
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$43,015 - $134,454
(Median)
$43K
$75K
$130K
MEDIAN: $75,056
10%
50%
90%

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$15.42 - $69.94
(Median)
$15
$25
$70
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
$43,015 - $134,454  
   
Bonus
$0.00 - $20,330  
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).
)
$43,080 - $144,050  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 886
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
$15.42 - $69.94  
   
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 - $20,330  
   
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).
)
$43,080 - $144,050  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 37

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United States (change)


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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 highest compensation with a median salary of $106K.

Popular Skills for Economist


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Data Modeling, Policy Analysis, Statistical Analysis, and Research Analysis are correlated to pay that is above average, with boosts between 11 percent and 14 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 who reported more years of relevant experience also reported higher earnings. 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. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $106K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $131K on average.

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 (+20 percent), Seattle (+17 percent), Chicago (+6 percent), and Los Angeles (+5 percent). Location is a huge contributor to overall pay, with Economists in Austin earning a whopping 27 percent below the national average. Not at the bottom but still paying below the median are employers in Raleigh and Philadelphia (27 percent lower and 20 percent lower, respectively).

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 153 votes.

Gender

Female
24 %
Male
76 %

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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