Economists

Study monetary, fiscal, and other economic issues and problems.

Quick Facts

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This page includes information from the O*NET 24.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.

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	$40.84	$56.89	$78.35
Minnesota	$33.4	$46.76	$59.36
Northeast Minnesota	$38.3	$38.3	$51.82
Northwest Minnesota	$32.89	$51.99	$51.99
Southwest Minnesota	$31.95	$41.28	$51.33
Seven County Mpls-St Paul, MN	$41.58	$50.7	$61.05

* "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 220 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

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

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