Economists Salary in Michigan
In Michigan, economists earn $94,850 at the median — $45.6 an hour. The range runs from $64K at the entry level to $233K for experienced workers.
Statewide average. Salary and cost of living vary significantly across Michigan. Jump to a metro for precise data:
So what does $95K get you in Michigan?
About economists
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Compensation breakdown
Annual earnings by percentile, Michigan
Entry-level economists (10th percentile) start around $64K. Mid-career wages sit at $95K. Top earners bring in $233K or more, a $169K spread from bottom to top.
Economists salary by metro in Michigan
2 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Ann Arbor | $120K | +27% | 50 |
| Lansing-East Lansing | $79K | -17% | 30 |
Compare to other states
Track economists salary changes
BLS updates this data quarterly. We'll email you when Michigan numbers change.
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Frequently asked questions
How much do economists make in Michigan?
The median is $94,850 a year, that works out to about $46 an hour. But the range is wide: entry-level workers start around $64,240, and experienced economists can clear $232,850. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $95K enough to live in Michigan?
On that salary, you'd take home roughly $5,924/month after taxes. A 2-bedroom here rents for about $1,272/month, which eats 21.5% 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 Michigan?
Michigan 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 $101,022 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.