How to Become a Economists in Minnesota
Economists in Minnesota earn a median salary of $107,470/year, which is 7% below the national average. Minnesota has a state income tax of ~5.5%. After taxes and rent, a economists takes home approximately $5,097/month. Most positions require Bachelor's degree.
What a economists can afford in Minnesota
Becoming a economists in Minnesota
Meet education requirements
Economists positions in Minnesota typically require Bachelor's degree. Programs are available at colleges and training institutions across Minnesota. Research accredited programs in your area.
Gain required experience
Many economists positions in Minnesota require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Minnesota licensure or certification
Minnesota may require specific licensing or professional certification for economistss. Requirements vary by state — contact the Minnesota Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Minnesota
Minnesota employs 210 economists. The highest concentrations are in Minneapolis-St. Paul-Bloomington.
Economists salary by metro area in Minnesota
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $108K | $52.03/hr | 150 |
Economists salary range in Minnesota
Economists careers in other states
Frequently asked questions
How much does a economists make in Minnesota?▼
The median economists salary in Minnesota is $107,470 per year ($51.67/hr). This is 7% below the national median of $115,440. Salaries range from $71,380 to $149,690.
What are the requirements to become a economists in Minnesota?▼
Economists positions in Minnesota typically require Bachelor's degree. Minnesota may have specific licensing or certification requirements. Check with the Minnesota licensing board or department of labor for current requirements.
Can a economists afford to live in Minnesota?▼
At the median salary of $107,470, a economists in Minnesota would take home approximately $6,509/month after taxes. With median 2-bedroom rent at $1,412/month, that's 21.7% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for economists in Minnesota?▼
The highest paying metro areas for economists in Minnesota are Minneapolis-St. Paul-Bloomington ($108,230). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Minnesota have state income tax for economists?▼
Yes, Minnesota has a state income tax rate of approximately 5.5%. On a $107,470 salary, this means roughly $5,881/year in state income tax. Use our take-home pay calculator for a detailed breakdown.