Economists vs Physicists: Salary Comparison

Side-by-side salary data across all 50 states. Data from the Bureau of Labor Statistics (2024).

National Salary Overview

Economists

Median Salary
$98,241
Average (Mean)
$105,468
Employed Nationwide
13,990
VS

Physicists

Median Salary
$142,088
Average (Mean)
$150,629
Employed Nationwide
16,960
Physicists earns $43,847 more (44.6%)

Key Metrics Compared

Median Salary $98,241 $142,088
Average (Mean) Salary $105,468 $150,629
Total Employment 13,990 16,960
States with Higher Pay 3 28

Salary by State: Economists vs Physicists

Showing 31 states where both occupations have BLS data. Economists pays more in 3 states; Physicists pays more in 28.

State Economists Physicists Difference
Alabama $100,970
$132,930
$-31,960
Arizona $98,740
$201,600
$-102,860
Arkansas $72,470
$128,640
$-56,170
California $105,950
$178,700
$-72,750
Colorado $105,060
$137,150
$-32,090
Connecticut $110,530
$165,370
$-54,840
District of Columbia $158,830
$138,420
+$20,410
Florida $87,500
$141,710
$-54,210
Idaho $53,870
$128,470
$-74,600
Illinois $105,430
$144,620
$-39,190
Iowa $108,210
$88,720
+$19,490
Kentucky $70,800
$126,160
$-55,360
Maine $79,290
$118,160
$-38,870
Maryland $134,410
$138,130
$-3,720
Massachusetts $134,750
$149,990
$-15,240
Minnesota $97,020
$110,110
$-13,090
Missouri $109,890
$176,520
$-66,630
Nevada $72,590
$112,460
$-39,870
New Jersey $97,760
$164,330
$-66,570
New Mexico $74,800
$171,670
$-96,870
North Carolina $95,360
$164,950
$-69,590
Ohio $108,330
$136,880
$-28,550
Oklahoma $126,160
$174,770
$-48,610
Oregon $104,530
$179,800
$-75,270
Pennsylvania $97,860
$165,600
$-67,740
South Carolina $45,030
$127,780
$-82,750
Tennessee $81,640
$121,760
$-40,120
Utah $89,270
$127,640
$-38,370
Virginia $141,190
$128,880
+$12,310
Washington $105,790
$106,300
$-510
Wisconsin $82,330
$156,190
$-73,860

Frequently Asked Questions

Who makes more: Economists or Physicists?
On average across all states, a Physicists earns more than a Economists. The national median salary difference is $43,847 (44.6%) based on 2024 BLS data.
In how many states does a Economists earn more than a Physicists?
A Economists earns a higher median salary than a Physicists in 3 out of 31 states where both occupations have BLS data. A Physicists pays more in 28 states.
What is the median salary for a Economists vs Physicists?
The national median salary for a Economists is $98,241 per year, compared to $142,088 for a Physicists, according to 2024 BLS OEWS data.
Which has more jobs: Economists or Physicists?
There are more people employed as Physicists. BLS reports approximately 13,990 Economists positions and 16,960 Physicists positions nationwide (2024).
Should I become a Economists or Physicists?
Both Economists and Physicists are viable career paths. Beyond salary, consider factors like job availability in your state, work-life balance, education requirements, growth potential, and personal interests. Visit each occupation's salary page for state-specific data and career insights.

Compare After-Tax Take-Home Pay

See what each role actually pays after federal, state, and FICA taxes.