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Economists Salary in Sector of Professional, Scientific, and Technical Services

The salary statistics of economists in the industry sector of professional, scientific, and technical services are shown in Table 1. In Table 2 we compare economists salaries in different industries within the professional, scientific, and technical services sector.

Average Annual Salary of Economists

Percentile BracketAverage Annual Salary
10th Percentile Wage
$57,110
25th Percentile Wage
$76,080
50th Percentile Wage
$106,760
75th Percentile Wage
$155,360
90th Percentile Wage
$176,590

Table 1 shows the average annual salary for economists in the industry sector of professional, scientific, and technical services. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) economists is $176,590. The median annual salary (50th percentile) is $106,760. The average annual salary for the bottom 10 percent paid economists is $57,110.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of economists in the industry sector of professional, scientific, and technical services from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
2016106,7605.09%10.57%
2015101,3303.93%-
201497,3501.53%-
201395,8600.40%-
201295,480--

Compare Economists Salary in Different Industries within the Professional, Scientific, and Technical Services Sector

The average salaries of economists in ten industries in the professional, scientific, and technical services sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for economists occupations is the legal services industry with an annual salary $152,100. The lowest paying industry is the research and development in the social sciences and humanities industry (annual salary $99,530). For detailed economists salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Legal Services
$152,100
Other Professional, Scientific, and Technical Services
$114,370
Research and Development in the Physical, Engineering, and Life Sciences
$112,810
Management, Scientific, and Technical Consulting Services
$110,900
Professional, Scientific, and Technical Services
$106,760
Engineering Services
$102,340
Scientific Research and Development Services
$102,000
Architectural, Engineering, and Related Services
$101,920
Computer Systems Design and Related Services
$100,000
Research and Development in the Social Sciences and Humanities
$99,530

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2016 and published in April 2017 [1].




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