National Salary Info » Highest Paying States for Economists

Highest-paying States for Economists

The highest-paying states for economists (ranked by average annual salary) are listed in Table 1. The entry level salary (as measured by the salary of the lowest 10% paid earners) and the number of employment of economists in those states are also shown in the table. As shown in the table, with an annual salary of $143,060, District of Columbia is the highest paying state for economists. It is followed by Illinois (average annual salary $134,730). The salary and employment information is computed from data published by U.S. Bureau of Labor Statistics (BLS) in April 2023 [1]. For more salary information of economists in a specific state, use the links in the table.

Table 1. Highest-paying States for Economists (2022 Survey)

Rank	State	Average Salary i	Entry Level Salary i	# of Empl. i
1	District of Columbia	$143,060	$81,900	3,910
2	Illinois	$134,730	$63,820	610
3	New Hampshire	$134,530	$59,970	30
4	Massachusetts	$130,160	$83,520	600
5	Maryland	$124,610	$71,020	990
6	New York	$124,290	$31,280	940
7	Oregon	$121,720	$74,730	320
8	Virginia	$119,920	$64,300	760
9	Alabama	$113,240	$66,210	40
10	California	$113,030	$66,140	1,360
11	Louisiana	$109,500	$69,260	30
12	Montana	$105,510	$65,230	90
13	Georgia	$105,090	$63,730	440
14	Texas	$104,650	$55,930	470
15	Ohio	$104,110	$62,690	200
16	Colorado	$102,070	$62,870	250
17	Idaho	$100,530	$60,530	50
18	Kansas	$100,090	$64,580	50
19	Alaska	$99,410	$59,990	100
20	Connecticut	$99,170	$67,700	160
21	Missouri	$98,740	$55,410	270
22	Oklahoma	$98,570	$50,480	70
23	Pennsylvania	$98,390	$57,020	490
24	Michigan	$96,100	$62,550	480
25	Minnesota	$93,660	$56,440	220
26	Washington	$93,120	$70,950	430
27	Indiana	$93,000	$53,020	40
28	New Jersey	$86,830	$62,940	120
29	Arizona	$86,650	$58,010	150
30	Utah	$86,240	$39,180	50
31	Florida	$84,120	$60,580	330
32	Hawaii	$83,490	$49,510	60
33	Iowa	$82,710	$51,120	40
34	Delaware	$81,440	$55,190	30
35	Maine	$81,220	$61,910	30
36	Tennessee	$78,000	$72,340	40
37	Nevada	$75,880	$50,260	50
38	Kentucky	$72,990	$44,250	140
39	Wyoming	$72,730	$55,450	40
40	New Mexico	$70,820	$56,120	80
41	South Carolina	$69,890	$36,900	120
42	Wisconsin	$69,640	$50,120	280
43	West Virginia	$68,780	$26,670	50
44	Arkansas	$67,670	$51,730	90
45	Mississippi	$64,990	$36,900	40
46	Vermont	$63,520	$42,140	40
47	Nebraska	$60,260	$40,160	70
48	North Carolina	$52,080	$50,130	120
49	Puerto Rico	$39,130	$31,490	70

Note: some states are missing from this table because the median salary information of economists in those states is not available at this time.