The annual salary statistics of economists in Detroit-Warren-Livonia, Michigan is shown in Table 1. The wage information of economists in Detroit-Warren-Livonia 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 | $63,270 |
| 25th Percentile Wage | $75,890 |
| 50th Percentile Wage | $99,260 |
| 75th Percentile Wage | $131,760 |
| 90th Percentile Wage | $174,010 |
Table 1 shows the average annual salary for economists in Detroit-Warren-Livonia, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $174,010. The median (50th percentile) annual salary is $99,260. The average annual salary for the bottom 10 percent earners is $63,270.
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 | $99,260 | 12.29% | 22.61% |
| 2020 | $87,060 | 8.01% | - |
| 2019 | $80,090 | 1.67% | - |
| 2018 | $78,750 | 2.72% | - |
| 2017 | $76,610 | 8.18% | - |
| 2016 | $70,340 | -2.09% | - |
| 2015 | $71,810 | 1.32% | - |
| 2014 | $70,860 | -8.41% | - |
| 2012 | $76,820 | - | - |
From Table 3 we note that the median annual salary of $99,260 in Detroit-Warren-Livonia is in the middle of salary range for economists in state of Michigan. In comparison, the annual salary of economists in Detroit-Warren-Livonia is 4.5 percent (4.5%) lower than that in the highest paying Ann Arbor and 32.1 percent (32.1%) higher than that in the lowest paying Detroit-Livonia-Dearborn.
| Cities/Areas | Median Annual Salary |
|---|---|
| Ann Arbor | |
| Kalamazoo-Portage | |
| Detroit-Warren-Livonia | |
| Warren-Troy-Farmington Hills | |
| Lansing-East Lansing | |
| Detroit-Livonia-Dearborn |