The annual salary statistics of economists in Baltimore-Towson, Maryland is shown in Table 1. The wage statistics of economists in Baltimore-Towson 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 | $61,940 |
| 25th Percentile Wage | $80,540 |
| 50th Percentile Wage | $116,770 |
| 75th Percentile Wage | $138,860 |
| 90th Percentile Wage | $176,280 |
Table 1 shows the average annual salary for economists in Baltimore-Towson, Maryland in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $176,280. The median (50th percentile) annual salary is $116,770. The average annual salary for the bottom 10 percent earners is $61,940.
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 | $116,770 | -8.18% | 18.44% |
| 2021 | $126,320 | -4.46% | - |
| 2020 | $131,950 | 4.47% | - |
| 2019 | $126,050 | 7.68% | - |
| 2018 | $116,370 | 4.97% | - |
| 2017 | $110,590 | 8.34% | - |
| 2016 | $101,370 | -1.55% | - |
| 2015 | $102,940 | 3.91% | - |
| 2014 | $98,920 | 5.40% | - |
| 2013 | $93,580 | -1.77% | - |
| 2012 | $95,240 | - | - |
From Table 3 we note that with a median annual salary of $116,770, Baltimore-Towson is the second highest paying city for economists in state of Maryland, following the highest paying city Bethesda-Rockville-Frederick (median annual salary of $131,040). Compared with Bethesda-Rockville-Frederick, the median annual salary of economists in Baltimore-Towson is 10.9 percent (10.9%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Bethesda-Rockville-Frederick | |
| Baltimore-Towson |