National Salary Info » Highest Paying States for Economists

Highest Paying States for Economists

The highest paying states for economists (ranked by average annual salary) are listed in Table 1. The entry level salary (as measured by the salary of the lowest 10% paid earners) and the number of employment of economists in those states are also shown in the table. As shown in the table, with an annual salary of $121,730, Virginia is the highest paying state for economists. It is followed by District of Columbia (average annual salary $114,150). The salary and employment information is computed from data published by U.S. Bureau of Labor Statistics (BLS) in April 2017 [1]. For more salary information of economists in a specific state, use the links in the table.

Table 1. Highest Paying States for Economists

Rank State Average Salary i Entry Level
Salary i
# of
Empl. i
1 Virginia
$121,730
$75,180 1,170
2 District of Columbia
$114,150
$64,540 7,420
3 Idaho
$113,040
$54,590 60
4 Maryland
$112,650
$59,300 650
5 Louisiana
$109,770
$65,480 40
6 California
$109,580
$51,230 1,540
7 Texas
$105,160
$57,180 930
8 New York
$104,110
$60,430 570
9 Alabama
$103,110
$48,970 30
10 Ohio
$102,330
$69,400 120
11 Illinois
$101,270
$57,100 360
12 Connecticut
$99,330
$68,620 200
13 Georgia
$98,590
$55,700 380
14 Massachusetts
$93,460
$53,680 980
15 Colorado
$91,610
$55,920 190
16 New Jersey
$90,660
$53,490 130
17 Hawaii
$90,580
$55,130 140
18 Missouri
$88,480
$51,820 280
19 North Carolina
$87,690
$41,890 190
20 Washington
$87,160
$59,340 310
21 Arizona
$86,000
$49,260 100
22 Florida
$85,640
$49,460 210
23 Alaska
$82,910
$60,870 40
24 West Virginia
$81,030
$44,490 30
25 Tennessee
$80,860
$47,520 60
26 Oregon
$79,420
$53,270 230
27 Montana
$78,380
$54,920 80
28 Utah
$78,260
$47,630 60
29 Iowa
$78,200
$59,250 50
30 Pennsylvania
$76,940
$42,790 540
31 Wisconsin
$76,900
$47,270 400
32 Michigan
$74,380
$49,220 270
33 Vermont
$73,420
$42,620 90
34 Oklahoma
$72,870
$44,600 30
35 Nebraska
$71,030
$55,170 30
36 Mississippi
$69,650
$32,740 40
37 Kentucky
$62,960
$45,680 70
38 South Carolina
$62,210
$41,050 100
39 New Mexico
$62,060
$47,190 70
40 Minnesota
$60,860
$46,710 350
41 Maine
$60,230
$41,650 30
42 Indiana
$60,070
$43,010 0
43 Arkansas
$59,720
$43,320 90
44 Kansas
$59,670
$35,530 40
45 Puerto Rico
$36,590
$19,130 80

Note: some states are missing from this table because the median salary information of economists in those states is not available at this time.

See also: Highest paying industries for economists, Top Paying Jobs in America.