The salary statistics of economists in the industry sector of federal, state, and local government are shown in Table 1. In Table 2 we compare economists salaries in different industries within the federal, state, and local government sector.
Percentile Bracket | Average Annual Salary |
---|---|
10th Percentile Wage | $56,580 |
25th Percentile Wage | $74,400 |
50th Percentile Wage | $100,650 |
75th Percentile Wage | $129,900 |
90th Percentile Wage | $161,820 |
Table 1 shows the average annual salary for economists in the industry sector of federal, state, and local government. 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 $161,820. The median annual salary (50th percentile) is $100,650. The average annual salary for the bottom 10 percent paid economists is $56,580.
The table and chart below show the trend of the median salary of economists in the industry sector of federal, state, and local government from 2012 to 2018.
Year | Median Salary | Yearly Growth | 6-Year Growth |
---|---|---|---|
2018 | $100,650 | 2.68% | 10.87% |
2017 | $97,950 | 2.76% | - |
2016 | $95,250 | 1.46% | - |
2015 | $93,860 | 2.48% | - |
2014 | $91,530 | 1.38% | - |
2013 | $90,270 | 0.62% | - |
2012 | $89,710 | - | - |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2018 and published in April 2019 [1].