Economists Salary in Minnesota
In Minnesota, economists earn $107,470 at the median — $51.67 an hour. The range runs from $71K at the entry level to $150K for experienced workers.
Statewide average. Salary and cost of living vary significantly across Minnesota. Jump to a metro for precise data:
So what does $107K get you in Minnesota?
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Compensation breakdown
Annual earnings by percentile, Minnesota
Entry-level economists (10th percentile) start around $71K. Mid-career wages sit at $107K. Top earners bring in $150K or more, a $78K spread from bottom to top.
Economists salary by metro in Minnesota
1 metro area with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $108K | +1% | 150 |
Compare to other states
Track economists salary changes
BLS updates this data quarterly. We'll email you when Minnesota numbers change.
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Frequently asked questions
How much do economists make in Minnesota?
The median is $107,470 a year, that works out to about $52 an hour. But the range is wide: entry-level workers start around $71,380, and experienced economists can clear $149,690. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $107K enough to live in Minnesota?
On that salary, you'd take home roughly $6,509/month after taxes. A 2-bedroom here rents for about $1,384/month, which eats 21.3% 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 Minnesota?
Minnesota 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 $116,058 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.