The annual salary statistics of economists in Lansing-East Lansing, Michigan is shown in Table 1. The wage information of economists in Lansing-East Lansing 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 | $61,240 |
| 25th Percentile Wage | $74,580 |
| 50th Percentile Wage | $82,710 |
| 75th Percentile Wage | $105,120 |
| 90th Percentile Wage | $130,030 |
Table 1 shows the average annual salary for economists in Lansing-East Lansing, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $130,030. The median (50th percentile) annual salary is $82,710. The average annual salary for the bottom 10 percent earners is $61,240.
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 | $82,710 | -3.36% | 12.86% |
| 2020 | $85,490 | 6.30% | - |
| 2019 | $80,100 | 1.67% | - |
| 2018 | $78,760 | 0.44% | - |
| 2017 | $78,410 | 35.30% | - |
| 2015 | $50,730 | 1.14% | - |
| 2014 | $50,150 | -52.56% | - |
| 2013 | $76,510 | 5.80% | - |
| 2012 | $72,070 | - | - |
From Table 3 we note that the median annual salary of $82,710 in Lansing-East Lansing is in the middle of salary range for economists in state of Michigan. In comparison, the annual salary of economists in Lansing-East Lansing is 20.4 percent (20.4%) lower than that in the highest paying Ann Arbor and 18.5 percent (18.5%) 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 |