The annual salary statistics of economists in Milwaukee-Waukesha-West Allis, Wisconsin is shown in Table 1. The wage statistics of economists in Milwaukee-Waukesha-West Allis 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 | $50,120 |
| 25th Percentile Wage | $50,120 |
| 50th Percentile Wage | $63,870 |
| 75th Percentile Wage | $81,540 |
| 90th Percentile Wage | $106,400 |
Table 1 shows the average annual salary for economists in Milwaukee-Waukesha-West Allis, Wisconsin in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $106,400. The median (50th percentile) annual salary is $63,870. The average annual salary for the bottom 10 percent earners is $50,120.
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 | $63,870 | -23.59% | -30.03% |
| 2021 | $78,940 | 2.31% | - |
| 2020 | $77,120 | 7.87% | - |
| 2019 | $71,050 | -14.34% | - |
| 2018 | $81,240 | 2.09% | - |
| 2017 | $79,540 | 0.74% | - |
| 2016 | $78,950 | 38.96% | - |
| 2015 | $48,190 | 0.04% | - |
| 2014 | $48,170 | -62.53% | - |
| 2013 | $78,290 | -6.08% | - |
| 2012 | $83,050 | - | - |
From Table 3 we note that the median annual salary of $63,870 in Milwaukee-Waukesha-West Allis is in the middle of salary range for economists in state of Wisconsin. In comparison, the annual salary of economists in Milwaukee-Waukesha-West Allis is 37.1 percent (37.1%) lower than that in the highest paying Minneapolis-St Paul-Bloomington and 29.3 percent (29.3%) higher than that in the lowest paying Eau Claire.
| Cities/Areas | Median Annual Salary |
|---|---|
| Minneapolis-St Paul-Bloomington | |
| Madison | |
| Milwaukee-Waukesha-West Allis | |
| Green Bay | |
| Eau Claire |