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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 among 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 2017 and published in April 2018 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$53,490
25th Percentile Wage
$65,770
50th Percentile Wage
$78,710
75th Percentile Wage
$98,120
90th Percentile Wage
$124,830

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 $124,830. The median (50th percentile) annual salary is $78,710. The average annual salary for the bottom 10 percent is $53,490.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of economists from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$78,710
5.50% 2.39%
2016
$74,380
1.38% -
2015
$73,350
5.36% -
2014
$69,420
-13.37% -
2013
$78,700
2.38% -
2012
$76,830
- -

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 $67,380 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 Ann Arbor (mean annual salary $91,120). The lowest paying area is Detroit-Livonia-Dearborn with a median annual salary of $67,380.

Cities/Areas Median Annual Salary
Warren-Troy-Farmington Hills
$92,840
Ann Arbor
$91,120
Lansing-East Lansing
$78,410
Detroit-Warren-Livonia
$76,610
Detroit-Livonia-Dearborn
$67,380




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💰 Highest paying cities for economists

💰 Highest paying industries for economists.