$70,773
Avg. Salary
$20.00
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$2,048

Profit Sharing

$2,650

The average pay for an Economic Development Director is $20.00 per hour.

The average pay for an Economic Development Director is $70,773 per year.

$10
10%
$20
50%
$47
90%
MEDIAN $20
$43k
10%
$71k
50%
$114k
90%
MEDIAN $70,773
$43,351 - $113,710
$43K
$71K
$110K
MEDIAN: $70,773
10%
50%
90%

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$10.30 - $46.77
$10
$20
$47
MEDIAN: $20.00
10%
50%
90%

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$0$114K
Salary $43,351 - $113,710
Bonus $350 - $15,000
Profit Sharing $2,650
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).
)
$41,383 - $114,225
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2018
  • Individuals Reporting: 248
Hourly Data $0$46
Hourly Rate $10.30 - $46.77
Overtime $27.76
Annual Data $0$114K
Bonus $350 - $15,000
Profit Sharing $2,650
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).
)
$41,383 - $114,225
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2018
  • Individuals Reporting: 13

Job Description for Economic Development Director

Economic development directors oversee fundamental tasks regarding the advancement of their company's economic development. Those in this position are expected to develop policies which facilitate the growth of their area of operation and develop working relationships with members of the community, including local businesses and the general public. Maintaining these personal relationships is often the key to success in this position.

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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.

Economic Development Director Job Listings

Pay by Experience Level for Economic Development Director

Pay by Experience for an Economic Development Director has a positive trend. An entry-level Economic Development Director with less than 5 years of experience can expect to earn an average total compensation of $54,000 based on 56 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Economic Development Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $69,000 based on 49 salaries. An experienced Economic Development Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $86,000 based on 55 salaries. An Economic Development Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $88,000 based on 23 salaries.

Related Job Salaries

Key Stats for Economic Development Director

Gender

Female
45 %
Male
55 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.
Less than 1 year
2%
1-4 years
29%
5-9 years
24%
10-19 years
28%
20 years or more
17%

Experience Affects Economic Development Director Salaries

Late-Career
▲25%

Experienced
▲22%

National Average
$70,000

Mid-Career
▼3%

▼24%

Skills That Affect Economic Development Director Salaries

New Business Development
▲76%

Project Management
▲8%

National Average
$70,000


Oral / Verbal Communication
▼34%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
2%
1-4 years
29%
5-9 years
24%
10-19 years
28%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 74%
vision benefits
Vision: 62%
no benefits
None: 11%