Salary for Economists

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Also known as:  Agricultural Economist, Econometrician, Economic Development Specialist, Economic Research Analyst, Economist, Environmental Economist, Industrial Economist, Labor Economist, Price Economist, Social Economist helps find better paying jobs across all specialties and locations. Sign up in our career community today!

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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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.


Economists tend to make the most in the following industries:

Finance and Insurance
Professional, Scientific, and Technical Services
Other Services (except Public Administration)
Transportation and Warehousing

In general, they earn less within the industries below:

Educational Services
Administrative, Support and Waste Management Services
Public Administration
Management of Companies and Enterprises