Economists Salary
BLS May 2025 median wages — with computed take-home after taxes for all 40 reporting states. Tax year 2026.
Quick answer
According to payandtaxes.com's analysis of BLS May 2025 data, the median economists in the US earns $124,720 per year (17,790 employed). Gross pay is highest in Washington DC ($167,590) and lowest in Kentucky ($71,400) — but what you keep depends on the state's taxes; see the table.
Economists pay by stategross median vs take-home
| State | Median wage | After taxes | Monthly net | Kept | Employed |
|---|---|---|---|---|---|
| Economists in Washington DC | $167,590 | $114,537 | $9,545 | 68.3% | 3,000 |
| Economists in New Jersey | $167,550 | $117,302 | $9,775 | 70% | 280 |
| Economists in Delaware | $159,120 | $110,864 | $9,239 | 69.7% | 70 |
| Economists in Maryland | $144,680 | $103,518 | $8,627 | 71.5% | 1,130 |
| Economists in Kansas | $138,790 | $99,184 | $8,265 | 71.5% | 80 |
| Economists in Virginia | $137,590 | $98,212 | $8,184 | 71.4% | 950 |
| Economists in New York | $136,660 | $97,651 | $8,138 | 71.5% | 910 |
| Economists in North Carolina | $136,150 | $99,401 | $8,283 | 73% | 290 |
| Economists in Idaho | $131,270 | $95,140 | $7,928 | 72.5% | 130 |
| Economists in Alabama | $129,960 | $93,861 | $7,822 | 72.2% | 40 |
| Economists in Georgia | $122,570 | $89,304 | $7,442 | 72.9% | 260 |
| Economists in Oregon | $122,120 | $84,879 | $7,073 | 69.5% | 320 |
| Economists in Texas | $121,420 | $94,249 | $7,854 | 77.6% | 560 |
| Economists in Colorado | $121,410 | $89,608 | $7,467 | 73.8% | 240 |
| Economists in Ohio | $120,000 | $90,732 | $7,561 | 75.6% | 140 |
| Economists in California | $119,410 | $85,960 | $7,163 | 72% | 860 |
| Economists in Tennessee | $117,650 | $91,597 | $7,633 | 77.9% | 80 |
| Economists in Missouri | $117,010 | $86,585 | $7,215 | 74% | 280 |
| Economists in Pennsylvania | $115,000 | $86,202 | $7,184 | 75% | 560 |
| Economists in Alaska | $111,040 | $86,947 | $7,246 | 78.3% | 80 |
| Economists in Washington | $109,300 | $85,723 | $7,144 | 78.4% | 450 |
| Economists in Massachusetts | $106,380 | $78,569 | $6,547 | 73.9% | 1,030 |
| Economists in Michigan | $106,350 | $79,378 | $6,615 | 74.6% | 320 |
| Economists in Minnesota | $105,120 | $77,157 | $6,430 | 73.4% | 500 |
| Economists in Florida | $102,430 | $80,890 | $6,741 | 79% | 500 |
| Economists in Connecticut | $101,400 | $76,163 | $6,347 | 75.1% | 210 |
| Economists in Iowa | $96,310 | $73,576 | $6,131 | 76.4% | 70 |
| Economists in Arkansas | $91,560 | $69,884 | $5,824 | 76.3% | 50 |
| Economists in Maine | $91,480 | $68,141 | $5,678 | 74.5% | 70 |
| Economists in Nevada | $91,340 | $73,088 | $6,091 | 80% | 70 |
| Economists in Oklahoma | $89,980 | $68,627 | $5,719 | 76.3% | 80 |
| Economists in Montana | $89,340 | $67,994 | $5,666 | 76.1% | 90 |
| Economists in New Hampshire | $86,130 | $69,423 | $5,785 | 80.6% | 50 |
| Economists in Wisconsin | $84,000 | $64,853 | $5,404 | 77.2% | 280 |
| Economists in Hawaii | $83,050 | $62,474 | $5,206 | 75.2% | 50 |
| Economists in Indiana | $80,750 | $63,285 | $5,274 | 78.4% | 80 |
| Economists in Arizona | $79,610 | $63,054 | $5,255 | 79.2% | 340 |
| Economists in Nebraska | $75,880 | $59,639 | $4,970 | 78.6% | 90 |
| Economists in Louisiana | $73,050 | $58,416 | $4,868 | 80% | 140 |
| Economists in Kentucky | $71,400 | $56,679 | $4,723 | 79.4% | 100 |
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