The annual salary statistics of economists in Detroit-Livonia-Dearborn, Michigan is shown in Table 1. The wage information of economists in Detroit-Livonia-Dearborn 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 | $46,080 |
| 25th Percentile Wage | $55,300 |
| 50th Percentile Wage | $67,380 |
| 75th Percentile Wage | $92,480 |
| 90th Percentile Wage | $100,420 |
Table 1 shows the average annual salary for economists in Detroit-Livonia-Dearborn, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $100,420. The median (50th percentile) annual salary is $67,380. The average annual salary for the bottom 10 percent earners is $46,080.
The table and chart below show the trend of the median salary of economists from 2012 to 2016. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 4-Year Growth |
|---|---|---|---|
| 2016 | $67,380 | -0.67% | -5.30% |
| 2015 | $67,830 | 0.88% | - |
| 2014 | $67,230 | -5.53% | - |
| 2012 | $70,950 | - | - |
From Table 3 we note that with a median annual salary of $67,380, Detroit-Livonia-Dearborn is the lowest paying city for economists in state of Michigan, following city of Ann Arbor (median annual salary of $103,930). In comparison, the median annual salary of economists in Detroit-Livonia-Dearborn is 35.2 percent (35.2%) lower than that in the highest paying city Ann Arbor.
| Cities/Areas | Median Annual Salary |
|---|---|
| Ann Arbor | |
| Kalamazoo-Portage | |
| Detroit-Warren-Livonia | |
| Warren-Troy-Farmington Hills | |
| Lansing-East Lansing | |
| Detroit-Livonia-Dearborn |