The salary statistics and trend of economists in the industry of research and development in the physical, engineering, and life sciences are shown in the following tables and chart. In Table 3 we compare economists salaries in different industries within the professional, scientific, and technical services sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $59,630 |
| 25th Percentile Wage | $84,870 |
| 50th Percentile Wage | $123,600 |
| 75th Percentile Wage | $155,080 |
| 90th Percentile Wage | $177,460 |
Table 1 shows the average annual salaries for economists in the industry of research and development in the physical, engineering, and life sciences. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) economists is $177,460. The median annual salary (50th percentile) is $123,600. The average annual salary for the bottom 10 percent economists is $59,630.
The table and chart below show the trend of the median salary of economists in the industry of Research and Development in the Physical, Engineering, and Life Sciences from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $123,600 | 8.73% | 24.65% |
| 2016 | $112,810 | 7.85% | - |
| 2015 | $103,960 | 12.03% | - |
| 2014 | $91,450 | 0.04% | - |
| 2013 | $91,410 | -1.88% | - |
| 2012 | $93,130 | - | - |
The average salaries of economists in ten industries within the professional, scientific, and technical services sector are shown in Table 3. For salary information of economists in a specific industry, use the links in the table.
| Industry | Median Annual Salary |
|---|---|
| Legal Services | |
| Research and Development in the Physical, Engineering, and Life Sciences | |
| Architectural, Engineering, and Related Services | |
| Engineering Services | |
| Computer Systems Design and Related Services | |
| Scientific Research and Development Services | |
| Professional, Scientific, and Technical Services | |
| Management, Scientific, and Technical Consulting Services | |
| Research and Development in the Social Sciences and Humanities | |
| Other Professional, Scientific, and Technical Services | |
Back to: Salary of economists in the industry sector of professional, scientific, and technical services.