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Economists Salary in Pennsylvania: Cost of Living Adjusted (2025)

Last updated: 2025 BLS data · Page refreshed:

What does a Economists salary really buy you in Pennsylvania?

Pennsylvania is 3.8% cheaper than the US average

Data: BLS OEWS 2025 + BEA Regional Price Parities 2022 • Updated 2026-05-19

Nominal Salary
$115,000
Median annual (2025)
+4.0%
Real Purchasing Power
$119,542
COL-adjusted (RPP=96.2)

Pennsylvania Cost of Living Index

Pennsylvania's Regional Price Parity (RPP) is 96.2, meaning prices are 3.8% lower the national average. A Economists earning $115,000 in Pennsylvania has the equivalent purchasing power of $119,542 in an average-cost US state.

PA: 96.2
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Pennsylvania's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $64,500 $67,047 +$2,547
25th Percentile (P25) $81,470 $84,688 +$3,218
Median (P50) $115,000 $119,542 +$4,542
75th Percentile (P75) $138,010 $143,461 +$5,451
90th Percentile (P90) $164,650 $171,153 +$6,503
Key Insight

A Economists in Pennsylvania earns $115,000 on paper, but low living costs mean your money goes 4% further — like earning $119,542 in an average-cost state. This makes Pennsylvania one of the best value states for this occupation.

What the Cost-of-Living Data Says

Pennsylvania Sits Near the National Cost Benchmark

RPP 96.2

With an RPP of 96.2, Pennsylvania is within a few percent of the national cost-of-living baseline. Salary adjustment for Economists is therefore minor — what you earn is close to what you'd keep in real purchasing power.

Meaningful Purchasing-Power Shift

+4.0%

After applying Pennsylvania's RPP, the $115,000 median salary translates to $119,543 in real terms — a 4.0% gain. That difference can cover several months of expenses over a year for a Economists.

Above-Median Adjusted Pay

#16 / 40

Pennsylvania sits at #16 of 40 states for Economists COL-adjusted salary — comfortably above the national midpoint.

Best States for Economists (After Cost of Living)

Where does Economists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$162,367
RPP 98.0
2. Kansas
$154,211
RPP 90.0
$153,998
RPP 108.8
4. Alabama
$148,018
RPP 87.8
$144,532
RPP 94.2
$143,730
RPP 116.6
7. Idaho
$142,995
RPP 91.8
$137,790
RPP 105.0
$134,760
RPP 102.1
10. Ohio
$131,147
RPP 91.5

Pennsylvania ranks #16 out of 40 states for Economists after cost-of-living adjustment.

How much do you actually take home? See Economists take-home pay in Pennsylvania after taxes →

Frequently Asked Questions

What is the real salary for a Economists in Pennsylvania after cost of living?

A Economists in Pennsylvania earns a median salary of $115,000 per year. After adjusting for Pennsylvania's cost of living (RPP=96.2), the real purchasing power is $119,542 — a +4.0% difference.

Is Pennsylvania expensive to live in?

Pennsylvania's cost of living is 3.8% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Pennsylvania is 96.2 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Economists in Pennsylvania: $115,000 x (100 / 96.2) = $119,542. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Economists in Pennsylvania financially?

From a purchasing power perspective, yes. A Economists in Pennsylvania enjoys 4.0% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.

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