Economist Salary

Earnings for Economists in the United States come in at around $75K per year on average. Cash earnings for Economists — including $21K in bonuses and $12K in profit sharing proceeds near the top of the pay scale — generally stretch from $43K to $144K depending on individual performance. Career duration is the main element affecting pay for this group — the particular city and the particular employer are driving factors as well. Job satisfaction is reported as high by the vast majority of workers. Almost all enjoy medical while more than half get dental coverage. Vision coverage is also available to more than half. Making up 76 percent of those who took the survey, male Economists greatly outnumber their female counterparts. This report is based on responses to the PayScale salary survey.
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$42,837 - $133,673
(Median)
$43K
$75K
$130K
MEDIAN: $75,226
10%
50%
90%

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$15.55 - $69.00
(Median)
$16
$25
$69
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
$42,837 - $133,673  
   
Bonus
$0.00 - $20,511  
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).
)
$42,815 - $144,212  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 903
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 - $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 - $20,511  
   
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).
)
$42,815 - $144,212  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 39
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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


The biggest paychecks can be found at U.S. Department of The Treasury — the median salary there is $106K.

Popular Skills for Economist


Survey results imply that Economists put a diverse skill set to use. 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 12 percent. Technical Writing, on the other hand, is typically associated with much lower pay. For most people, competency in Data Analysis indicates knowledge of 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. Those in the early stages of their career can expect to make around $63K; however, individuals with five to 10 years of experience bring in $91K on average — a distinctly larger sum. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $106K. Economists who have spent more than 20 years on the job report earning a significantly higher median of $132K.

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 Houston (+22 percent), Washington (+21 percent), Seattle (+17 percent), and Chicago (+7 percent). Location is a huge contributor to overall pay, with Economists in Austin earning a whopping 27 percent below the national average. Employers also pay below the national average in Raleigh (27 percent lower) and Philadelphia (20 percent lower).

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Experience Affects Economist Salaries




National Average
$76,000


Skills That Affect Economist Salaries





SAS
up arrow 6%

Financial Analysis
up arrow 4%

National Average
$76,000

Data Analysis
up arrow 1%

Technical Writing
up arrow 25%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 151 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

Less than 1 year
14%
1-4 years
44%
5-9 years
19%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 66%
vision benefits Vision: 55% employee benefits None: 7%
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