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Wages & Outlook


Typical Wages   This career pays well above the median wage.

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 career: $48.05
Statewide median: $25.22


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

Wages for Economists *

Area Low Median High
$40.78 $57.32 $82.25
$39.77 $48.05 $63.05
Central Minnesota
$34.50 $38.07 $45.99
Northeast Minnesota
$37.21 $39.77 $49.91
Northwest Minnesota
$33.42 $33.77 $51.37
Southwest Minnesota
$29.76 $31.17 $42.86
Seven County Mpls-St Paul, MN
$45.99 $55.92 $69.34

* "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.



In Minnesota, there are 230 workers employed in this very small career.

Where do Economists most often work?


Current Demand

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This career is currently in very low demand.


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.