Average Economic Development Director Salary

$68,532
Avg. SalaryShow Hourly Rate
$3,540
Bonus
$2,948
Profit Sharing
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The average salary for an Economic Development Director is $68,532.
10%
$41k
MEDIAN
$69k
90%
$114k
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United States (change)
Salary
$41k - $114k
Bonus
$483 - $10k
Profit Sharing
$1k - $8k
Total Pay
$40k - $115k

Your Market Worth Over Time

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Job Description for Economic Development Director

Economic Development Director Tasks
  • Hire, mentor, and evaluate a team, setting goals, and defining projects.
  • Collaborate with many stakeholders and create positive relationships.
  • Develop and implement policies to expand reach and scope of department.
  • Create, report on, and adjust department budget, including setting goals.

Job Satisfaction for Economic Development Director

4.3 out of 5
(36)
Highly Satisfied
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Popular Skills for Economic Development Director

Skills in Business Development, Strategic Planning and Strategic Project Management are correlated to pay that is above average. Skills that pay less than market rate include Project Management and Grant Writing.

Pay by Experience Level for Economic Development Director

An entry-level Economic Development Director with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $45,639 based on 9 salaries. An early career Economic Development Director with 1-4 years of experience earns an average total compensation of $52,792 based on 74 salaries. A mid-career Economic Development Director with 5-9 years of experience earns an average total compensation of $68,301 based on 55 salaries. An experienced Economic Development Director with 10-19 years of experience earns an average total compensation of $82,019 based on 67 salaries. In their late career (20 years and higher), employees earn an average total compensation of $87,033.
Employees with Economic Development Director in their job title in Houston, Texas earn an average of 48.5% more than the national average. These job titles also find higher than average salaries in Hartford, Connecticut (24.9% more) and St. Louis, Missouri (16.7% more). The lowest salaries can be found in Ludington, Michigan (26.1% less).

Years of Experience

This data is based on 251 survey responses.
Entry Level
3.6%
Early Career
29.5%
Mid Career
21.9%
Experienced
26.7%
Late Career
18.3%