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 $119,600, Virginia is the highest paying state for economists. It is followed by District of Columbia (average annual salary $116,910). The salary and employment information is computed from data published by U.S. Bureau of Labor Statistics (BLS) in April 2018 [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
$119,600
$70,840 1,350
2 District of Columbia
$116,910
$64,760 7,680
3 Maryland
$113,750
$61,720 640
4 California
$112,670
$57,180 1,470
5 Massachusetts
$106,660
$64,320 980
6 New York
$103,510
$58,960 700
7 Illinois
$102,130
$66,370 360
8 Ohio
$100,170
$70,220 140
9 Connecticut
$99,840
$68,990 160
10 Georgia
$99,340
$58,970 400
11 Texas
$97,550
$44,680 670
12 Louisiana
$93,350
$61,240 40
13 Colorado
$93,150
$54,140 220
14 Alabama
$91,540
$52,330 40
15 New Jersey
$91,000
$57,760 120
16 Missouri
$89,320
$50,100 290
17 Washington
$88,850
$62,240 400
18 North Carolina
$88,620
$47,170 220
19 Arizona
$88,350
$50,810 100
20 Hawaii
$87,970
$53,000 150
21 Pennsylvania
$85,460
$47,310 610
22 Oregon
$84,150
$52,740 230
23 Florida
$84,050
$48,420 180
24 Alaska
$82,150
$63,370 70
25 West Virginia
$79,390
$42,190 40
26 Michigan
$78,710
$53,490 270
27 Delaware
$77,910
$49,440 40
28 Iowa
$77,640
$62,550 40
29 Montana
$75,930
$58,870 90
30 Vermont
$75,330
$42,500 90
31 Utah
$75,090
$49,130 70
32 Nevada
$73,630
$49,390 60
33 Wyoming
$72,730
$55,450 40
34 New Hampshire
$71,110
$51,920 80
35 Nebraska
$71,030
$55,170 30
36 Wisconsin
$69,910
$46,530 270
37 Mississippi
$66,930
$19,900 30
38 Tennessee
$65,450
$49,760 70
39 Indiana
$64,420
$44,410 80
40 New Mexico
$63,740
$50,580 70
41 Kentucky
$62,850
$46,810 70
42 Minnesota
$62,470
$51,170 360
43 Idaho
$60,410
$52,340 40
44 Maine
$60,230
$41,650 30
45 Arkansas
$59,830
$43,950 90
46 Kansas
$59,670
$35,530 40
47 South Carolina
$58,260
$35,570 130
48 Oklahoma
$49,330
$17,070 80
49 Puerto Rico
$36,490
$19,430 70

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.