The annual salary statistics of economists in Phoenix-Mesa-Glendale, Arizona is shown in Table 1. The wage statistics of economists in Phoenix-Mesa-Glendale is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $59,290 |
| 25th Percentile Wage | $75,730 |
| 50th Percentile Wage | $96,460 |
| 75th Percentile Wage | $103,840 |
| 90th Percentile Wage | $114,570 |
Table 1 shows the average annual salary for economists in Phoenix-Mesa-Glendale, Arizona in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $114,570. The median (50th percentile) annual salary is $96,460. The average annual salary for the bottom 10 percent earners is $59,290.
The table and chart below show the trend of the median salary of economists from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $96,460 | 15.42% | 14.09% |
| 2021 | $81,590 | 1.05% | - |
| 2020 | $80,730 | 0.63% | - |
| 2019 | $80,220 | -0.50% | - |
| 2018 | $80,620 | 2.52% | - |
| 2017 | $78,590 | -5.45% | - |
| 2016 | $82,870 | 14.34% | - |
| 2015 | $70,990 | 4.99% | - |
| 2014 | $67,450 | -22.86% | - |
| 2012 | $82,870 | - | - |
From Table 3 we note that with a median annual salary of $96,460, Phoenix-Mesa-Glendale is the highest paying city for economists in state of Arizona, followed by Tucson (median annual salary $62,450). In comparison, the median annual salary of economists in Phoenix-Mesa-Glendale is 35.3 percent (35.3%) higher than that in Tucson.
| Cities/Areas | Median Annual Salary |
|---|---|
| Phoenix-Mesa-Glendale | |
| Tucson |