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Economists Salary Information in Virginia

The average annual and hourly salaries for economists in the state of Virginia are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of economists amongst Virginia areas 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 Virginia

Percentile BracketAverage Annual Salary
10th Percentile Wage
$70,840
25th Percentile Wage
$91,650
50th Percentile Wage
$119,600
75th Percentile Wage
$153,020
90th Percentile Wage
$182,070

Table 1 shows the average annual salary for economists in Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $182,070. The median (50th percentile) annual salary is $119,600. The average annual salary for the bottom 10 percent is $70,840.

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
$119,600
-1.78% 3.16%
2016
$121,730
1.53% -
2015
$119,870
2.47% -
2014
$116,910
0.58% -
2013
$116,230
0.35% -
2012
$115,820
- -

Table 3. Median Annual Salary of Economists in Virginia Cities

Table 3 shows the median annual salary of economists in some Virginia cities and metropolitan areas. We note that the median annual salary of economists in state of Virginia ranges from $77,460 to $93,910. The highest paying area for economists in Virginia is Richmond with a median annual salary of $93,910. The lowest paying area is Virginia Beach-Norfolk-Newport News with a median annual salary of $77,460.

Cities/Areas Median Annual Salary
Richmond
$93,910
Virginia Beach-Norfolk-Newport News
$77,460




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