How much does a Economists make in Michigan?
Last updated: 2024 data from the Bureau of Labor Statistics
Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.
Source: O*NET OnLine, U.S. Department of Labor
Salaries for Economists in Michigan range from $64,240 at the 10th percentile (entry level) to $232,850 at the 90th percentile (experienced). The middle 50% earn between $77,700 and $128,430.
| Percentile | Annual Salary | Hourly Rate | Monthly |
|---|---|---|---|
| 10th Percentile (Entry Level) | $64,240 | $30.88 | $5,353 |
| 25th Percentile | $77,700 | $37.36 | $6,475 |
| Median (50th) | $94,850 | $45.60 | $7,904 |
| 75th Percentile | $128,430 | $61.75 | $10,702 |
| 90th Percentile (Experienced) | $232,850 | $111.95 | $19,404 |
Note: The mean (average) salary of $147,280 differs from the median because salary distributions are typically skewed by high earners.
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What does this salary really buy? See Economists salary in Michigan adjusted for cost of living →
Compare Economists pay across states — sorted by highest median salary.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2024 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
Our Methodology · Data Sources · Source: BLS OEWS