Annual Salary, Salary Range, and Highest Paying States.
One of the most popular questions we get from our readers here is how much do Economists make per year and their hourly wage.
Entry-level Economists with little to no experience can expect to make anywhere between $58130 to $77270 per year or $28 to $37 per hour.
Just like any other job, the salary of an Economist will increase as they become more experienced.
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We wanted to make it easy for our readers to compare the salary of an Economist to all the other careers out there. So we created Salary Rank. We compare the salary of all careers then we give them a rank of A, B, C or D depending on where their average salary sits in comparison to other careers.
After comparing how much do Economists make with other careers, they have a salary rank of A.
|Highest (Top 10%)||$88||$182560|
|Senior (Top 25%)||$68||$141780|
|Middle (Mid 50%)||$50||$104340|
|Junior (Bottom 25%)||$37||$77270|
|No experience (Bottom 10%)||$28||$58130|
Highest paying states
|DC||$ 65||$ 134,260|
|NY||$ 61||$ 127,520|
|VA||$ 61||$ 126,080|
|OH||$ 60||$ 125,490|
|CA||$ 60||$ 124,430|
|MA||$ 57||$ 117,680|
|MD||$ 56||$ 116,870|
|MO||$ 54||$ 112,240|
|GA||$ 54||$ 111,570|
|IL||$ 52||$ 108,690|
Another simple way to increase your salary as an Economist is to move to a higher paying state. However moving to a higher paying state like DC doesn’t guarantee that you will make more because the expenses at DC might be much higher than where you are currently living at right now.
According to BLS, the highest paid Economists are in the states of DC, NY, VA, OH and CA.
research and study the structures and chemical properties of various natural and synthetic or composite materials, including metals, alloys, rubber, ceramics, semiconductors, polymers, and glass. Determine ways to strengthen or combine materials or develop new materials with new or specific properties for use in a variety of products and applications. Includes glass scientists, ceramic scientists, metallurgical scientists, and polymer scientists.
investigate the growth, structure, development, and other characteristics of microscopic organisms, such as bacteria, algae, or fungi. Includes medical microbiologists who study the relationship between organisms and disease or the effects of antibiotics on microorganisms.
conduct research or perform investigation for the purpose of identifying, abating, or eliminating sources of pollutants or hazards that affect either the environment or the health of the population. Using knowledge of various scientific disciplines, may collect, synthesize, study, report, and recommend action based on data derived from measurements or observations of air, food, soil, water, and other sources.
research and analyze policy developments related to climate change. Make climate-related recommendations for actions such as legislation, awareness campaigns, or fundraising approaches.
study the origin, development, and operation of political systems. May study topics, such as public opinion, political decision-making, and ideology. May analyze the structure and operation of governments, as well as various political entities. May conduct public opinion surveys, analyze election results, or analyze public documents.
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