Economists: Salary, Education, and Career Path (2026)
The U.S. has 15,880 economists, and they earn a median of $115,440/year. The range runs from $62K to $213K. District of Columbia pays the most.
What it takes
The BLS lists the typical education for this role as varies by employer.
Entry-level economists start around $62K. The gap between that and the median ($115K) is where experience, certifications, and location make the difference.
Top earners clear $213K, but that's the 90th percentile. Getting there usually takes a decade or more of experience, the right credentials, and being in a high-paying market.
Salary progression
Highest paying states
| State | Median salary | Employment |
|---|---|---|
| District of Columbia | $163K | 3,010 |
| Virginia | $148K | 970 |
| New York | $142K | 870 |
| Maryland | $138K | 920 |
| Georgia | $127K | 340 |
| Ohio | $118K | 130 |
| Washington | $116K | 470 |
| Missouri | $116K | 210 |
| Kansas | $115K | 110 |
| Pennsylvania | $113K | 710 |
Frequently asked questions
How much does a economists make?▼
The median economists salary in the United States is $115,440 per year ($56/hour). Entry-level positions start around $62,340, while experienced professionals earn up to $212,710.
What education do you need to become a economists?▼
The BLS lists the typical entry-level education as varies by employer. State licensing or certification requirements vary, so check your state's board for specifics.
What is the job outlook for economists?▼
Check the Bureau of Labor Statistics Occupational Outlook Handbook for the latest employment projections for economists.
What are the highest paying states for economists?▼
The highest paying states for economists are District of Columbia ($162,610), Virginia ($148,010), New York ($142,300), Maryland ($137,610), Georgia ($127,220). Salaries vary significantly by location due to cost of living and local demand.