The annual salary statistics of economists in Cleveland-Elyria-Mentor, Ohio is shown in Table 1. The wage statistics of economists in Cleveland-Elyria-Mentor 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 | $70,120 |
| 25th Percentile Wage | $95,300 |
| 50th Percentile Wage | $103,280 |
| 75th Percentile Wage | $130,740 |
| 90th Percentile Wage | $171,280 |
Table 1 shows the average annual salary for economists in Cleveland-Elyria-Mentor, Ohio in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $171,280. The median (50th percentile) annual salary is $103,280. The average annual salary for the bottom 10 percent earners is $70,120.
The table and chart below show the trend of the median salary of economists from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2022 | $103,280 | -1.33% | 22.29% |
| 2021 | $104,650 | 3.24% | - |
| 2020 | $101,260 | 1.94% | - |
| 2019 | $99,300 | -43.03% | - |
| 2018 | $142,030 | 5.21% | - |
| 2017 | $134,630 | 38.41% | - |
| 2015 | $82,920 | 0.58% | - |
| 2014 | $82,440 | 2.64% | - |
| 2013 | $80,260 | - | - |
From Table 3 we note that with a median annual salary of $103,280, Cleveland-Elyria-Mentor is the second highest paying city for economists in state of Ohio, following the highest paying city Columbus (median annual salary of $104,330). Compared with Columbus, the median annual salary of economists in Cleveland-Elyria-Mentor is 1.0 percent (1.0%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Columbus | |
| Cleveland-Elyria-Mentor | |
| Cincinnati-Middletown | |
| West Northwestern Ohio nonmetropolitan area |