The annual salary statistics of economists in Boston-Cambridge-Quincy, Massachusetts is shown in Table 1. The wage information of economists in Boston-Cambridge-Quincy 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 | $64,010 |
| 25th Percentile Wage | $79,480 |
| 50th Percentile Wage | $108,510 |
| 75th Percentile Wage | $150,530 |
| 90th Percentile Wage | $185,930 |
Table 1 shows the average annual salary for economists in Boston-Cambridge-Quincy, Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $185,930. The median (50th percentile) annual salary is $108,510. The average annual salary for the bottom 10 percent earners is $64,010.
The table and chart below show the trend of the median salary of economists from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $108,510 | 12.54% | 19.78% |
| 2016 | $94,900 | 14.98% | - |
| 2015 | $80,680 | -0.45% | - |
| 2014 | $81,040 | -1.79% | - |
| 2013 | $82,490 | -5.53% | - |
| 2012 | $87,050 | - | - |
From Table 3 we note that with a median annual salary of $108,510, Boston-Cambridge-Quincy is the second highest paying city for economists in state of Massachusetts, following the highest paying city Boston-Cambridge-Quincy (median annual salary of $130,160). Compared with Boston-Cambridge-Quincy, the median annual salary of economists in Boston-Cambridge-Quincy is 16.6 percent (16.6%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Boston-Cambridge-Quincy | |
| Boston-Cambridge-Quincy |