Economists

Wages & Outlook

 

Typical Wages   

Wages listed below are for a variety of experience and education levels. Make sure that you research the typical entry-level education and work experience and training requirements for this occupation.

 

This is a very high-wage career. It pays well above the statewide median wage.

Wages for Economists *

Area	Low	Median	High
U S	$39.73	$52.62	$75.26
Minnesota	$38.96	$49.75	$60.85
Northeast Minnesota	$37.83	$47.78	$49.57
Northwest Minnesota	$18.59	$39.13	$52.62
Southwest Minnesota	$37.35	$39.25	$47.41
Seven County Mpls-St Paul, MN	$45.35	$53.41	$63.60

* "Low" indicates 25% of workers earn less and 75% earn more.
"Median" indicates 50% of workers earn less and 50% earn more.
"High" indicates 75% of workers earn less and 25% earn more.

See more wage detail.

 

Employment

In Minnesota, there are 210 workers employed in this very small career.

Where do Economists most often work?

• Educational Services
• Management of Companies and Enterprises
• Professional, Scientific, and Technical Services
• Monetary Authorities - Central Bank

 

Current Demand

No data available.

 

Future Demand

This career is high growth compared to other careers.

There will be a need for about 136 new Economists to meet market demand between 2020-2030. This includes the demand due to replacement (workers leaving the occupation or retiring) as well as growth.

 

Employment Outlook for Economists

Area	Employment		Employment Change
	2020	2030	Number	Percent
U S	18,600	21,000	2,400	13.1%
Minnesota	183	190	7	3.8%
Northwest Minnesota	11	13	2	18.2%
Seven County Mpls-St Paul, MN	152	157	5	3.3%

Source: You can learn about our data sources in the About Us section.