Salary for Economists

Also known as:  Agricultural Economist, Econometrician, Economic Development Specialist, Economic Research Analyst, Economist, Environmental Economist, Industrial Economist, Labor Economist, Price Economist, Social Economist

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Individuals employed as economists study the movement of goods and services and the effects of changes in monetary and fiscal policy. These professionals design and execute studies using econometric and statistical methodologies, and may provide expert opinions and cost-beenfit analyses regarding new or proposed legislation. These professionals also often serve as teachers at the postsecondary level. They are required to have a minimum of a Bachelor's degree, although a signficant majority have doctoral degrees in economics or related subject areas.

A Economist gets an average compensation that can range from $59,220 and $198,230 depending on the level of seniority. can receive an average pay level of one hundred and twenty thousand eight hundred and eigthy dollars on a yearly basis.

are paid at the highest level in New York, where they receive a compensation of close to about $150,160. These professionals receive the best pay in Finance and Insurance, which has a compensation of $149,930.

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The national wage distribution is shown below. To overlay local salaries for an Economist, please select your state.
Annual salary
Hourly rate
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SALARY TREND

The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 65.58 percent nationwide in that time.

INDUSTRIES

Economists tend to make the most in the following industries:

Finance and Insurance
$149,930
Professional, Scientific, and Technical Services
$135,150
Manufacturing
$126,800
Information
$125,710
Other Services (except Public Administration)
$119,220
Transportation and Warehousing
$113,740

In general, they earn less within the industries below:

Construction
$67,300
Educational Services
$86,300
Administrative, Support and Waste Management Services
$94,400
Public Administration
$107,760
Utilities
$110,750
Management of Companies and Enterprises
$113,000