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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 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.
Occupation Salaries by State
- Alabama: $87,584 per year
- Alaska: $94,205 per year
- Arizona: $91,471 per year
- Arkansas: $86,515 per year
- California: $93,493 per year
- Colorado: $74,792 per year
- Connecticut: $96,428 per year
- Delaware: $91,032 per year
- Florida: $89,112 per year
- Georgia: $108,185 per year
- Hawaii: $90,179 per year
- Idaho: $83,348 per year
- Illinois: $94,964 per year
- Indiana: $87,710 per year
- Iowa: $88,850 per year
- Kansas: $87,296 per year
- Kentucky: $85,835 per year
- Louisiana: $6,219 per month
- Maine: $87,431 per year
- Maryland: $106,827 per year
- Massachusetts: $68,509 per year
- Michigan: $90,168 per year
- Minnesota: $93,493 per year
- Mississippi: $83,075 per year
- Missouri: $106,481 per year
- Montana: $83,769 per year
- Nebraska: $87,439 per year
- Nevada: $90,223 per year
- New Hampshire: $89,484 per year
- New Jersey: $96,973 per year
- New Mexico: $68,253 per year
- New York: $55,797 per year
- North Carolina: $90,762 per year
- North Dakota: $89,712 per year
- Ohio: $89,972 per year
- Oklahoma: $86,495 per year
- Oregon: $80,206 per year
- Pennsylvania: $92,489 per year
- Rhode Island: $91,116 per year
- South Carolina: $88,041 per year
- South Dakota: $85,793 per year
- Tennessee: $88,759 per year
- Texas: $93,108 per year
- Utah: $87,065 per year
- Vermont: $88,060 per year
- Virginia: $87,267 per year
- Washington: $102,060 per year
- West Virginia: $84,383 per year
- Wisconsin: $89,902 per year
- Wyoming: $86,905 per year
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:
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