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Economists Salary in Minnesota
Last updated: 2025 BLS data · Page refreshed:
How much do Economists make in Minnesota?
Last updated: 2025 data from the Bureau of Labor Statistics
$105,120
Median Annual Salary
▼
-2.2% vs 2024
$117,980
Mean Salary
$105,120
Median Salary
$50.54
Hourly Rate
500 people work as Economists in Minnesota
Economists salary by percentile in Minnesota
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Economists in Minnesota earn a median salary of $105,120 per year ($8,760/month).
This is 5.5% below the national average of $111,296.
Minnesota ranks #24 out of 40 states for Economists pay.
Approximately 500 people work in this occupation across Minnesota.
Salaries decreased by 2.2% 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 Minnesota range from $58,380 at the 10th percentile (entry level) to $197,870 at the 90th percentile (experienced). The middle 50% earn between $63,980 and $142,460.
The median annual salary for Economists in Minnesota is $105,120 as of 2025. The average (mean) salary is $117,980.
What is the salary range for a Economists in Minnesota?
Salaries for Economists in Minnesota range from $58,380 at the 10th percentile to $197,870 at the 90th percentile. The middle 50% earn between $63,980 and $142,460.
What is the starting salary for a Economists in Minnesota?
Entry-level Economists positions in Minnesota typically start around $58,380 (10th percentile). With some experience, salaries rise to $63,980 (25th percentile).
How many people work as Economists in Minnesota?
According to 2025 BLS data, approximately 500 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 $50.54 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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