The annual salary statistics of economists in Ann Arbor, Michigan is shown in Table 1. The wage data of economists in Ann Arbor 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 | $62,470 |
| 25th Percentile Wage | $80,690 |
| 50th Percentile Wage | $103,930 |
| 75th Percentile Wage | $127,680 |
| 90th Percentile Wage | $171,300 |
Table 1 shows the average annual salary for economists in Ann Arbor, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $171,300. The median (50th percentile) annual salary is $103,930. The average annual salary for the bottom 10 percent earners is $62,470.
The table and chart below show the trend of the median salary of economists from 2012 to 2021.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2021 | $103,930 | 1.20% | 10.75% |
| 2020 | $102,680 | 5.75% | - |
| 2019 | $96,780 | 5.95% | - |
| 2018 | $91,020 | -0.11% | - |
| 2017 | $91,120 | -1.80% | - |
| 2016 | $92,760 | -1.14% | - |
| 2015 | $93,820 | 1.13% | - |
| 2012 | $92,760 | - | - |
From Table 3 we note that with a median annual salary of $103,930, Ann Arbor is the highest paying city for economists in state of Michigan, followed by Kalamazoo-Portage (median annual salary $102,940). In comparison, the median annual salary of economists in Ann Arbor is 1.0 percent (1.0%) higher than that in Kalamazoo-Portage.
| Cities/Areas | Median Annual Salary |
|---|---|
| Ann Arbor | |
| Kalamazoo-Portage | |
| Detroit-Warren-Livonia | |
| Warren-Troy-Farmington Hills | |
| Lansing-East Lansing | |
| Detroit-Livonia-Dearborn |