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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: $49.75
Statewide median: $23.81


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

Wages for Economists *

Area Low Median High
$39.73 $52.62 $75.26
$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.



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

Where do Economists most often work?


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.


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