Last updated: 2025 BLS data · Page refreshed:
Virginia employs 950 Economists professionals, above the national average concentration.
Data: BLS OEWS 2025 • Virginia employment outlook • Updated 2026-05-19
The location quotient (LQ) of 2.66 indicates that Virginia has a higher-than-average concentration of Economists professionals. This means the job is in high demand relative to other states, suggesting strong local job market opportunities.
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 Virginia is $144,880. For a detailed breakdown by percentile, entry-level, median, and senior salaries, see the comprehensive salary guide below.
Virginia employs approximately 950 Economists professionals (2025 BLS data). This ranks Virginia among the top states nationwide.
Yes — Virginia has above-average concentration of Economists jobs (LQ: 2.66). A Location Quotient above 1.0 indicates higher-than-average demand.
The average (mean) salary for Economists in Virginia is $144880/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 Virginia's largest cities.
Compare tuition, admissions, and graduate outcomes at Virginia'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 Virginia.
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 Virginia.