The annual salary statistics of economists in Philadelphia-Camden-Wilmington, Pennsylvania is shown in Table 1. The wage data of economists in Philadelphia-Camden-Wilmington 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 | $61,890 |
| 25th Percentile Wage | $89,590 |
| 50th Percentile Wage | $112,720 |
| 75th Percentile Wage | $134,090 |
| 90th Percentile Wage | $175,310 |
Table 1 shows the average annual salary for economists in Philadelphia-Camden-Wilmington, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $175,310. The median (50th percentile) annual salary is $112,720. The average annual salary for the bottom 10 percent earners is $61,890.
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 | $112,720 | 7.84% | 20.15% |
| 2021 | $103,880 | 6.34% | - |
| 2020 | $97,290 | -0.43% | - |
| 2019 | $97,710 | -2.72% | - |
| 2018 | $100,370 | 1.10% | - |
| 2017 | $99,270 | 2.99% | - |
| 2016 | $96,300 | 1.46% | - |
| 2015 | $94,890 | 5.94% | - |
| 2014 | $89,250 | -1.83% | - |
| 2013 | $90,880 | 0.96% | - |
| 2012 | $90,010 | - | - |
From Table 3 we note that with a median annual salary of $112,720, Philadelphia-Camden-Wilmington is the highest paying city for economists in state of Pennsylvania, followed by Pittsburgh (median annual salary $100,060). In comparison, the median annual salary of economists in Philadelphia-Camden-Wilmington is 11.2 percent (11.2%) higher than that in Pittsburgh.
| Cities/Areas | Median Annual Salary |
|---|---|
| Philadelphia-Camden-Wilmington | |
| Pittsburgh | |
| Philadelphia | |
| Harrisburg-Carlisle |