The annual salary statistics of economists in Raleigh-Cary, North Carolina is shown in Table 1. The wage data of economists in Raleigh-Cary 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 | $64,290 |
| 25th Percentile Wage | $80,510 |
| 50th Percentile Wage | $82,060 |
| 75th Percentile Wage | $95,750 |
| 90th Percentile Wage | $107,370 |
Table 1 shows the average annual salary for economists in Raleigh-Cary, North Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $107,370. The median (50th percentile) annual salary is $82,060. The average annual salary for the bottom 10 percent earners is $64,290.
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 | $82,060 | 3.59% | 28.92% |
| 2021 | $79,110 | -2.22% | - |
| 2020 | $80,870 | -9.08% | - |
| 2018 | $88,210 | -6.79% | - |
| 2017 | $94,200 | -1.07% | - |
| 2016 | $95,210 | 35.33% | - |
| 2014 | $61,570 | 5.28% | - |
| 2013 | $58,320 | -0.02% | - |
| 2012 | $58,330 | - | - |
From Table 3 we note that with a median annual salary of $82,060, Raleigh-Cary is the second highest paying city for economists in state of North Carolina, following the highest paying city Durham-Chapel Hill (median annual salary of $87,900). Compared with Durham-Chapel Hill, the median annual salary of economists in Raleigh-Cary is 6.6 percent (6.6%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Durham-Chapel Hill | |
| Raleigh-Cary |