Bar chart showing Economists salary percentiles in Alabama: 10th percentile $59,950, 25th percentile $83,810, median $103,400, 75th percentile $136,200, 90th percentile $161,110. Source: Bureau of Labor Statistics.
Entry-level economists (10th percentile) start around $60K. Mid-career wages sit at $103K. Top earners bring in $161K or more, a $101K spread from bottom to top.
The median is $103,400 a year, that works out to about $50 an hour. But the range is wide: entry-level workers start around $59,950, and experienced economists can clear $161,110. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $103K enough to live in Alabama?▼
On that salary, you'd take home roughly $6,344/month after taxes. A 2-bedroom here rents for about $1,085/month, which eats 17.1% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a economists salary go in Alabama?▼
Alabama has a Regional Price Parity of 100 (100 is the national average). That's right at the national average. After cost-of-living adjustment, the median economists salary is worth about $117,021 in national-average purchasing power.
Where do economists get paid the most?▼
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.
