National » Economists » Michigan

Economists Salary Information in Michigan

The average annual and hourly salaries for economists in the state of Michigan are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of economists amongst Michigan cities is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1 & 2. Annual & Hourly Salary of Economists in Michigan

Percentile BracketAverage Annual Salary
10th Percentile Wage
$49,220
25th Percentile Wage
$60,210
50th Percentile Wage
$74,380
75th Percentile Wage
$92,490
90th Percentile Wage
$123,760

Table 1 shows the average annual salary for economists in Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $123,760. The median (50th percentile) annual salary is $74,380. The average annual salary for the bottom 10 percent is $49,220.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$23.66
25th Percentile Wage
$28.95
50th Percentile Wage
$35.76
75th Percentile Wage
$44.47
90th Percentile Wage
$59.50

Table 2 shows the average hourly salary for economists in Michigan in 5 percentile scales. The average hourly salary for the 90th percentile is $59.50. The median hourly salary is $35.76. The average hourly salary for the bottom 10 percent is $23.66.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of economists from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201674,3801.38%-3.29%
201573,3505.36%-
201469,420-13.37%-
201378,7002.38%-
201276,830--

Table 3. Median Annual Salary of Economists in Michigan Cities

Table 3 shows the median annual salary of economists in some Michigan cities and metropolitan areas. We note that the median annual salary of economists in state of Michigan ranges from $50,730 to $92,840. The highest paying area for economists in Michigan is Warren-Troy-Farmington Hills with a median annual salary of $92,840. The second highest paying city/area in Michigan State is Detroit-Warren-Livonia (mean annual salary $70,340). The lowest paying area is Lansing-East Lansing with a median annual salary of $50,730.

Cities/Areas Median Annual Salary
Warren-Troy-Farmington Hills
$92,840
Detroit-Warren-Livonia
$70,340
Detroit-Livonia-Dearborn
$67,380
Lansing-East Lansing
$50,730


Related:

Highest paying cities for economists

Highest paying industries for economists.