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Economists Salary in Minnesota

How much does a Economists make in Minnesota?

Last updated: 2024 data from the Bureau of Labor Statistics

$107,470
Median Annual Salary
$112,460
Mean Salary
$107,470
Median Salary
$51.67
Hourly Rate
210 people work as Economists in Minnesota

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)

Source: O*NET OnLine, U.S. Department of Labor

Salary Range: Economists in Minnesota

Salaries for Economists in Minnesota range from $71,380 at the 10th percentile (entry level) to $149,690 at the 90th percentile (experienced). The middle 50% earn between $89,810 and $131,850.

Median $107,470
P10: $71,380 P25: $89,810 P75: $131,850 P90: $149,690
10th
$71,380
25th
$89,810
Median
$107,470
75th
$131,850
90th
$149,690
Percentile Annual Salary Hourly Rate Monthly
10th Percentile (Entry Level) $71,380 $34.32 $5,948
25th Percentile $89,810 $43.18 $7,484
Median (50th) $107,470 $51.67 $8,955
75th Percentile $131,850 $63.39 $10,987
90th Percentile (Experienced) $149,690 $71.97 $12,474

Note: The mean (average) salary of $112,460 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 Minnesota adjusted for cost of living →

Economists Salary by State

Compare Economists pay across states — sorted by highest median salary.

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Frequently Asked Questions

How much does a Economists make in Minnesota?
The median annual salary for a Economists in Minnesota is $107,470 as of 2024. The average (mean) salary is $112,460.
What is the salary range for a Economists in Minnesota?
Salaries for Economists in Minnesota range from $71,380 at the 10th percentile to $149,690 at the 90th percentile. The middle 50%% earn between $89,810 and $131,850.
What is the starting salary for a Economists in Minnesota?
Entry-level Economists positions in Minnesota typically start around $71,380 (10th percentile). With some experience, salaries rise to $89,810 (25th percentile).
How many people work as Economists in Minnesota?
According to 2024 BLS data, approximately 210 people are employed as Economists in Minnesota.
What is the hourly rate for a Economists in Minnesota?
Based on a standard 2,080-hour work year, the median hourly rate for a Economists in Minnesota is approximately $51.67 per hour.

Data Source & Methodology

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