Economists Salary
In Northwest Minnesota nonmetropolitan area, economists earn $134,510 at the median, or about $64.67 an hour. The range runs from $58K at the entry level to $135K for experienced workers.
So what does $135K get you in Northwest Minnesota nonmetropolitan area?
About economists
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Compensation breakdown
Annual earnings by percentile, Northwest Minnesota nonmetropolitan area
Entry-level economists (10th percentile) start around $58K. Mid-career wages sit at $135K. Top earners bring in $135K or more, a $76K spread from bottom to top.
Economists pay across states
Median income ranked highest to lowest, compared to the national figure
View Economists salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| District of Columbia | $168K | +34% | 3,000 |
| New Jersey | $168K | +34% | 280 |
| Delaware | $159K | +28% | 70 |
| Maryland | $145K | +16% | 1,130 |
| Kansas | $139K | +11% | 80 |
| Virginia | $138K | +10% | 950 |
| New York | $137K | +10% | 910 |
| North Carolina | $136K | +9% | 290 |
| Idaho | $131K | +5% | 130 |
| Alabama | $130K | +4% | 40 |
| Georgia | $123K | -2% | 260 |
| Oregon | $122K | -2% | 320 |
| Texas | $121K | -3% | 560 |
| Colorado | $121K | -3% | 240 |
| Ohio | $120K | -4% | 140 |
| California | $119K | -4% | 860 |
| Tennessee | $118K | -6% | 80 |
| Missouri | $117K | -6% | 280 |
| Pennsylvania | $115K | -8% | 560 |
| Alaska | $111K | -11% | 80 |
| Washington | $109K | -12% | 450 |
| Massachusetts | $106K | -15% | 1,030 |
| Michigan | $106K | -15% | 320 |
| Minnesota | $105K | -16% | 500 |
| Florida | $102K | -18% | 500 |
| Connecticut | $101K | -19% | 210 |
| Iowa | $96K | -23% | 70 |
| Arkansas | $92K | -27% | 50 |
| Maine | $91K | -27% | 70 |
| Nevada | $91K | -27% | 70 |
| Oklahoma | $90K | -28% | 80 |
| Montana | $89K | -28% | 90 |
| New Hampshire | $86K | -31% | 50 |
| Wisconsin | $84K | -33% | 280 |
| Hawaii | $83K | -33% | 50 |
| Indiana | $81K | -35% | 80 |
| Arizona | $80K | -36% | 340 |
| Nebraska | $76K | -39% | 90 |
| Louisiana | $73K | -41% | 140 |
| Kentucky | $71K | -43% | 100 |
Showing 1–10 of 40 states
BLS does not publish data for every state when sample sizes are too small
Track economists salary changes
BLS updates this data quarterly. We'll email you when Northwest Minnesota nonmetropolitan area numbers change.
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Frequently asked questions
Can a economist afford a 2BR apartment alone in Northwest Minnesota nonmetropolitan area?
Yes — at the median salary of $135K, rent takes 25.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $2,044/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for economists in Northwest Minnesota nonmetropolitan area?
The 10th-percentile wage — what new economists typically earn — is $58K/year. Take-home on that works out to about $3,503/month.
Is economist a high-paying job in Northwest Minnesota nonmetropolitan area?
Pay here is roughly in line with the national average — $135K locally vs. $125K nationally, a 8% difference.
How does Northwest Minnesota nonmetropolitan area compare to the national average for economists?
Northwest Minnesota nonmetropolitan area pays $135K median vs. the U.S. average of $125K — that’s +8%.
How much do economists make in Northwest Minnesota nonmetropolitan area?
The median is $134,510 a year, that works out to about $65 an hour. But the range is wide: entry-level workers start around $58,380, and experienced economists can clear $134,510. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $135K enough to live in Northwest Minnesota nonmetropolitan area?
On that salary, you'd take home roughly $7,896/month after taxes. A 2-bedroom here rents for about $2,044/month, which eats 25.9% 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 Northwest Minnesota nonmetropolitan area?
Northwest Minnesota nonmetropolitan area 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 $134,510 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.