Last updated: 2025 BLS data · Page refreshed:
Michigan employs 320 Economists professionals, below the national average concentration.
Data: BLS OEWS 2025 • Michigan employment outlook • Updated 2026-05-19
The location quotient (LQ) of 0.9 indicates that Michigan has an average concentration of Economists professionals, similar to the national average employment distribution.
Note: Location Quotient (LQ) is the ratio of the percentage of workers in an occupation in a given area to the percentage in that occupation nationwide. An LQ > 1.0 means above-average concentration; < 1.0 means below-average.
The average annual salary for a Economists in Michigan is $117,980. For a detailed breakdown by percentile, entry-level, median, and senior salaries, see the comprehensive salary guide below.
Michigan employs approximately 320 Economists professionals (2025 BLS data). This ranks Michigan for this occupation nationwide.
Michigan has average or below-average concentration of Economists jobs (LQ: 0.9). A Location Quotient above 1.0 indicates higher-than-average demand.
The average (mean) salary for Economists in Michigan is $117980/year. See our detailed salary page for percentile breakdowns.
Location Quotient measures how concentrated an occupation is in a state compared to the national average. LQ > 1.0 means the state has more of that job proportionally. LQ > 1.2 indicates strong demand.
The top state for Economists employment is District of Columbia with 3,000 jobs.
Explore cost of living, median household income, and demographics for Michigan's largest cities.
Compare tuition, admissions, and graduate outcomes at Michigan's leading institutions.
Compare Economists labor-market data (jobs, location quotient, salary) across the top-employing states.
Drill deeper into Economists pay, hiring, and education data for Michigan.
Employment and location quotient data sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) 2025. This data reflects total employment, jobs per 1,000 workers, location quotient, and average salary for Economists (SOC 193011) in Michigan.