The salary statistics of economists in the industry sector of professional, scientific, and technical services are shown in Table 1. In Table 2 we compare economists salaries in different industries within the professional, scientific, and technical services sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $61,100 |
| 25th Percentile Wage | $81,950 |
| 50th Percentile Wage | $112,020 |
| 75th Percentile Wage | $155,450 |
| 90th Percentile Wage | $205,470 |
Table 1 shows the average annual salary for economists in the industry sector of professional, scientific, and technical services. 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 $205,470. The median annual salary (50th percentile) is $112,020. The average annual salary for the bottom 10 percent paid economists is $61,100.
The table and chart below show the trend of the median salary of economists in the industry sector of professional, scientific, and technical services from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $112,020 | 2.89% | 14.77% |
| 2017 | $108,780 | 1.86% | - |
| 2016 | $106,760 | 5.09% | - |
| 2015 | $101,330 | 3.93% | - |
| 2014 | $97,350 | 1.53% | - |
| 2013 | $95,860 | 0.40% | - |
| 2012 | $95,480 | - | - |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2018 and published in April 2019 [1].