The salary statistics of economists in the industry sector of educational services are shown in Table 1. In Table 2 we compare economists salaries in different industries within the educational services sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $44,420 |
| 25th Percentile Wage | $56,750 |
| 50th Percentile Wage | $80,900 |
| 75th Percentile Wage | $117,540 |
| 90th Percentile Wage | $151,100 |
Table 1 shows the average annual salary for economists in the industry sector of educational 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 $151,100. The median annual salary (50th percentile) is $80,900. The average annual salary for the bottom 10 percent paid economists is $44,420.
The table and chart below show the trend of the median salary of economists in the industry sector of educational services from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $80,900 | 18.42% | 25.44% |
| 2017 | $66,000 | 5.32% | - |
| 2016 | $62,490 | 1.22% | - |
| 2015 | $61,730 | 2.15% | - |
| 2014 | $60,400 | 0.96% | - |
| 2013 | $59,820 | -0.84% | - |
| 2012 | $60,320 | - | - |
The average salaries of economists in three industries in the educational services sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for economists occupations is the educational services - local government owned industry with an annual salary $49,610. The lowest paying industry is the elementary and secondary schools - local government owned industry (annual salary $49,310). For detailed economists salary information in a particular industry, use the links provided below.
| Industry Name | Median Annual Salary |
|---|---|
| Educational Services - Local government owned | |
| Elementary and Secondary Schools | |
| Elementary and Secondary Schools - Local government owned | |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2018 and published in April 2019 [1].