Economists Salary in Sector of Educational Services

The salary statistics of economists in the industry sector of educational services are shown in Table 1. In Table 2 we compare economists salaries in different industries within the educational services sector.

Average Annual Salary of Economists

Percentile BracketAverage Annual Salary
10th Percentile Wage
$35,430
25th Percentile Wage
$50,480
50th Percentile Wage
$66,000
75th Percentile Wage
$104,850
90th Percentile Wage
$136,930

Table 1 shows the average annual salary for economists in the industry sector of educational 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 $136,930. The median annual salary (50th percentile) is $66,000. The average annual salary for the bottom 10 percent paid economists is $35,430.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of economists in the industry sector of educational services from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$66,000
5.32% 8.61%
2016
$62,490
1.22% -
2015
$61,730
2.15% -
2014
$60,400
0.96% -
2013
$59,820
-0.84% -
2012
$60,320
- -

Compare Economists Salary in Different Industries within the Educational Services Sector

The average salaries of economists in eleven industries in the educational 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 educational support services industry with an annual salary $113,600. The lowest paying industry is the elementary and secondary schools - local government owned industry (annual salary $49,310). For detailed economists salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Educational Support Services
$113,600
Educational Support Services - Privately owned
$113,600
Educational Services - Privately owned
$109,560
Colleges, universities, and professional schools - Privately owned
$100,770
Educational Services
$66,000
Colleges, Universities, and Professional Schools
$62,380
Educational Services - State government owned
$56,070
Colleges, universities, and professional schools - State government owned
$55,040
Educational Services - Local government owned
$49,610
Elementary and Secondary Schools
$49,430
Elementary and Secondary Schools - Local government owned
$49,310

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




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