The annual salary statistics of economists in Olympia, Washington is shown in Table 1. The wage information of economists in Olympia 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 | $70,950 |
| 25th Percentile Wage | $82,330 |
| 50th Percentile Wage | $93,120 |
| 75th Percentile Wage | $101,770 |
| 90th Percentile Wage | $108,470 |
Table 1 shows the average annual salary for economists in Olympia, Washington in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $108,470. The median (50th percentile) annual salary is $93,120. The average annual salary for the bottom 10 percent earners is $70,950.
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 | $93,120 | -12.89% | 26.52% |
| 2021 | $105,120 | 13.81% | - |
| 2020 | $90,600 | 3.93% | - |
| 2019 | $87,040 | 12.28% | - |
| 2013 | $76,350 | 10.39% | - |
| 2012 | $68,420 | - | - |
From Table 3 we note that with a median annual salary of $93,120, Olympia is the lowest paying city for economists in state of Washington, following city of Portland-Vancouver-Hillsboro (median annual salary of $163,830). Also we note that in comparison, the annual salary of economists in Olympia is about 43.2 percent (43.2%) lower than that of the highest paying city Portland-Vancouver-Hillsboro.
| Cities/Areas | Median Annual Salary |
|---|---|
| Portland-Vancouver-Hillsboro | |
| Seattle-Tacoma-Bellevue | |
| Seattle-Bellevue-Everett | |
| Olympia |