The annual salary statistics of economists in Salt Lake City, Utah is shown in Table 1. The wage information of economists in Salt Lake City 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 | $50,590 |
| 25th Percentile Wage | $58,400 |
| 50th Percentile Wage | $74,140 |
| 75th Percentile Wage | $95,380 |
| 90th Percentile Wage | $136,460 |
Table 1 shows the average annual salary for economists in Salt Lake City, Utah in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $136,460. The median (50th percentile) annual salary is $74,140. The average annual salary for the bottom 10 percent earners is $50,590.
The table and chart below show the trend of the median salary of economists from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $74,140 | 12.11% | -11.91% |
| 2018 | $65,160 | -16.82% | - |
| 2017 | $76,120 | -9.00% | - |
| 2015 | $82,970 | 3.68% | - |
| 2014 | $79,920 | -3.82% | - |
| 2012 | $82,970 | - | - |
From Table 3 we note that with a median annual salary of $74,140, Salt Lake City is the second highest paying city for economists in state of Utah, following the highest paying city Ogden-Clearfield (median annual salary of $117,300). Compared with Ogden-Clearfield, the median annual salary of economists in Salt Lake City is 36.8 percent (36.8%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Ogden-Clearfield | |
| Salt Lake City |