The annual salary statistics of economists in Virginia Beach-Norfolk-Newport News, Virginia is shown in Table 1. The wage information of economists in Virginia Beach-Norfolk-Newport News 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 | $58,760 |
| 25th Percentile Wage | $61,580 |
| 50th Percentile Wage | $88,030 |
| 75th Percentile Wage | $116,930 |
| 90th Percentile Wage | $139,650 |
Table 1 shows the average annual salary for economists in Virginia Beach-Norfolk-Newport News, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $139,650. The median (50th percentile) annual salary is $88,030. The average annual salary for the bottom 10 percent earners is $58,760.
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 | $88,030 | 6.42% | 15.85% |
| 2021 | $82,380 | 3.80% | - |
| 2020 | $79,250 | -1.84% | - |
| 2018 | $80,710 | 4.03% | - |
| 2017 | $77,460 | 4.36% | - |
| 2016 | $74,080 | 0.00% | - |
| 2012 | $74,080 | - | - |
From Table 3 we note that with a median annual salary of $88,030, Virginia Beach-Norfolk-Newport News is the second highest paying city for economists in state of Virginia, following the highest paying city Richmond (median annual salary of $101,230). Compared with Richmond, the median annual salary of economists in Virginia Beach-Norfolk-Newport News is 13.0 percent (13.0%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Richmond | |
| Virginia Beach-Norfolk-Newport News |