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Economists Salary in Michigan
Last updated: 2025 BLS data · Page refreshed:
How much do Economists make in Michigan?
Last updated: 2025 data from the Bureau of Labor Statistics
$106,350
Median Annual Salary
▲
+12.1% vs 2024
$117,980
Mean Salary
$106,350
Median Salary
$51.13
Hourly Rate
320 people work as Economists in Michigan
Economists salary by percentile in Michigan
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Economists in Michigan earn a median salary of $106,350 per year ($8,862/month).
This is 4.4% below the national average of $111,296.
Michigan ranks #23 out of 40 states for Economists pay.
Approximately 320 people work in this occupation across Michigan.
Salaries increased by 12.1% compared to 2024.
About This Job: Economists
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.
Top Skills
Reading Comprehension
4.12
Writing
4.12
Mathematics
4.12
Critical Thinking
4.12
Active Listening
4.0
Key Knowledge Areas
Mathematics
4.67
Economics and Accounting
4.5
English Language
4.3
Computers and Electronics
3.7
Education and Training
3.19
Typical Education: Doctoral Degree
(60.9% of workers)
Salaries for Economists in Michigan range from $72,860 at the 10th percentile (entry level) to $178,170 at the 90th percentile (experienced). The middle 50% earn between $82,030 and $150,000.
The median annual salary for Economists in Michigan is $106,350 as of 2025. The average (mean) salary is $117,980.
What is the salary range for a Economists in Michigan?
Salaries for Economists in Michigan range from $72,860 at the 10th percentile to $178,170 at the 90th percentile. The middle 50% earn between $82,030 and $150,000.
What is the starting salary for a Economists in Michigan?
Entry-level Economists positions in Michigan typically start around $72,860 (10th percentile). With some experience, salaries rise to $82,030 (25th percentile).
How many people work as Economists in Michigan?
According to 2025 BLS data, approximately 320 people are employed as Economists in Michigan.
What is the hourly rate for a Economists in Michigan?
Based on a standard 2,080-hour work year, the median hourly rate for a Economists in Michigan is approximately $51.13 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 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.
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