The annual salary statistics of economists in Buffalo-Niagara Falls, New York is shown in Table 1. The wage information of economists in Buffalo-Niagara Falls 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 | $60,280 |
| 25th Percentile Wage | $74,330 |
| 50th Percentile Wage | $91,190 |
| 75th Percentile Wage | $110,160 |
| 90th Percentile Wage | $154,160 |
Table 1 shows the average annual salary for economists in Buffalo-Niagara Falls, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $154,160. The median (50th percentile) annual salary is $91,190. The average annual salary for the bottom 10 percent earners is $60,280.
The table and chart below show the trend of the median salary of economists from 2012 to 2015. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 3-Year Growth |
|---|---|---|---|
| 2015 | $91,190 | 1.93% | -13.39% |
| 2013 | $89,430 | -15.62% | - |
| 2012 | $103,400 | - | - |
From Table 3 we note that the median annual salary of $91,190 in Buffalo-Niagara Falls is in the middle of salary range for economists in state of New York. In comparison, the annual salary of economists in Buffalo-Niagara Falls is 32.0 percent (32.0%) lower than that in the highest paying New York-Northern New Jersey-Long Island and 11.7 percent (11.7%) higher than that in the lowest paying Albany-Schenectady-Troy.
| Cities/Areas | Median Annual Salary |
|---|---|
| New York-Northern New Jersey-Long Island | |
| New York-White Plains-Wayne | |
| Rochester | |
| Buffalo-Niagara Falls | |
| Syracuse | |
| Albany-Schenectady-Troy |