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.

An Economist usually gets a wage of around 88000 - 132000 based on tenure level. Economists can get an average pay level of One Hundred Twelve Thousand One Hundred dollars on a yearly basis.

Economists obtain the highest pay in Arizona, where they get pay of close to about $146590. Employees with these job titles have the highest salaries in Finance and Insurance, which has average pay scales of $120170.

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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 40.45 percent nationwide in that time.
INDUSTRIES
Economists tend to make the most in the following industries
Professional, Scientific, and Technical Services $120,170
Finance and Insurance $112,510
Manufacturing $107,570
Transportation and Warehousing $101,320
Mining, Quarrying, and Oil and Gas Extraction $96,720
Other Services (except Public Administration) $92,830
In general, they earn less within the industries below
Educational Services $69,860
Administrative, Support and Waste Management Services $84,550
Management of Companies and Enterprises $87,700
Public Administration $91,200
Utilities $91,940
Other Services (except Public Administration) $92,830
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