The annual salary statistics of economists in Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois is shown in Table 1. The wage information of economists in Chicago-Joliet-Naperville (IL-IN-WI Area) is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $63,820 |
| 25th Percentile Wage | $107,070 |
| 50th Percentile Wage | $134,940 |
| 75th Percentile Wage | $168,840 |
| 90th Percentile Wage | $238,160 |
Table 1 shows the average annual salary for economists in Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $238,160. The median (50th percentile) annual salary is $134,940. The average annual salary for the bottom 10 percent earners is $63,820.
The table and chart below show the trend of the median salary of economists from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $134,940 | 17.21% | 30.87% |
| 2021 | $111,720 | 2.49% | - |
| 2020 | $108,940 | 5.73% | - |
| 2019 | $102,700 | -0.68% | - |
| 2018 | $103,400 | 1.72% | - |
| 2017 | $101,620 | 0.35% | - |
| 2016 | $101,260 | 8.84% | - |
| 2015 | $92,310 | 1.00% | - |
| 2014 | $91,390 | -2.72% | - |
| 2013 | $93,880 | 0.63% | - |
| 2012 | $93,290 | - | - |
From Table 3 we note that with a median annual salary of $134,940, Chicago-Joliet-Naperville (IL-IN-WI Area) is the highest paying city for economists in state of Illinois, followed by Chicago-Joliet-Naperville (IL Metropolitan Division) (median annual salary $101,700). In comparison, the median annual salary of economists in Chicago-Joliet-Naperville (IL-IN-WI Area) is 24.6 percent (24.6%) higher than that in Chicago-Joliet-Naperville (IL Metropolitan Division).
| Cities/Areas | Median Annual Salary |
|---|---|
| Chicago-Joliet-Naperville (IL-IN-WI Area) | |
| Chicago-Joliet-Naperville (IL Metropolitan Division) |