Clicky

Resources

Which State Pays an Economist the Most?

Written by College Cliffs Team At CollegeCliffs.com, our team, comprising seasoned educators and counselors, is committed to supporting students on their journey through graduate studies. Our advisors, holding advanced degrees in diverse fields, provide tailored guidance, current program details, and pragmatic tips on navigating application procedures.

Reviewed by Linda Weems I got started researching colleges and universities about 10 years ago while exploring a second career. While my second career ended up being exactly what I’m doing now, and I didn’t end up going to college, I try to put myself in your shoes every step of the way as I build out College Cliffs as a user-friendly resource for prospective students.

Updated: January 30, 2024, Reading time: 2 minutes

Find your perfect college degree

College Cliffs is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

Why an Ecnomist’s Salary Varies by State

The Economist’s salary will vary from state to state because the cost of living and job market conditions vary from state to state. For example, if the cost of living is high (such as in California), the salary for an Economist will likely be higher than in a state with a lower cost of living.

Additionally, the job market conditions in each state will also affect the salary level of an Economist. For example, if there is a high demand for Economists in a particular state, the salary will likely be higher than in a state with a lower demand.

Occupations’ Salaries by State

Average Salary for an Economist

According to the Bureau of Labor Statistics, as of May 2022, an Economist can expect to earn an average salary of approximately $113,940 per year; however, as stated above, it can vary by state. The highest 10% made upwards of $207,230 annually. The finance and insurance industry reported the highest salaries.

Projected Job Growth for Economists

This field is expected to grow by 6% between 2022 and 2032, adding an average of 1,200 opportunities each year over the next ten years.

Check out the responsibilities of an Economist: