Life, Physical, and Social Science

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.

MAY 2025 · OCCUPATIONAL WAGES

A wage reference for United States.

Published wage percentiles describe a distribution within the source occupation group. They provide context for a career decision; employer packages and job offers have their own terms.

Source wage group: Economists

This wage group may include multiple detailed occupations. The figures are for the source group, which may be broader than Economists. They are not an exact-title, employer, experience or seniority match.

May 2025 · USD · United States. Annual and hourly figures are shown only when the source publishes them; neither is calculated from the other.

U.S. Bureau of Labor Statistics occupational wage data, distributed through the O*NET® OnLine service.

Median annual wage$124,720USD per year · Published 50th percentile
Median hourly wage$59.96USD per hour · Published 50th percentile

Annual wage thresholds

USD per year

Hourly wage thresholds

USD per hour

Published occupational wage percentiles · United States · May 2025
PercentileAnnual wage (USD/year)Hourly wage (USD/hour)
10th$67,360$32.38
25th$89,330$42.95
50th · Median$124,720$59.96
75th$174,720$84.00
90th$238,060$114.45

“≥” means at least the published amount; “≤” means at most that amount. These are bounds, not exact values. “Not published” means the source did not provide that figure. Occupational wages follow the source definition and do not establish an employer’s base salary, equity or total compensation.

PUT A WAGE IN CONTEXT

Where does your number sit?

Compare an entered wage with the published thresholds for United States. Your entry stays on this page.

This compares wage amounts to published percentile thresholds. It does not estimate your personal percentile, adjust for your experience, or compare total compensation. Match the wage definition and occupation group before using the result.

THE WORK BEHIND THE TITLE

What this career involves.

Occupation definitions describe common work. Responsibilities and requirements vary by employer and specific job.

Selected title examples

Agricultural EconomistBusiness EconomistConsultant EconomistEconometricianEconomic AdvisorEconomic AnalystEconomic ConsultantEconomic DeveloperEconomic Development ManagerEconomic Development SpecialistEconomic Research AnalystEconomic Specialist
Expand more title examples (28)
EconomistEnvironmental EconomistFinancial EconomistFiscal EconomistForecast AnalystForensic EconomistForest EconomistHealth Economics ConsultantHealth EconomistHealthcare Economics AnalystHealthcare Economics ConsultantHome EconomistIndustrial EconomistInternational Trade SpecialistLabor EconomistMedical Economics AnalystMedical Economics ConsultantPolicy AdvisorPolicy OfficerPrice EconomistProject EconomistResearch AnalystResearch EconomistResource Planning AnalystRevenue Research AnalystSocial EconomistTax EconomistTrade Economist

Typical tasks

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
  • Explain economic impact of policies to the public.
  • Review documents written by others.
  • Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
Expand more tasks (8)
  • Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
  • Supervise research projects and students' study projects.
  • Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.
  • Develop economic guidelines and standards, and prepare points of view used in forecasting trends and formulating economic policy.
  • Teach theories, principles, and methods of economics.
  • Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy, and present recommendations based on cost-benefit analyses.
  • Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.
  • Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.

Skills used in this work

Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
Mathematics
Using mathematics to solve problems.
Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Speaking
Talking to others to convey information effectively.
Expand more skills (29)
Writing
Communicating effectively in writing as appropriate for the needs of the audience.
Active Learning
Understanding the implications of new information for both current and future problem-solving and decision-making.
Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Instructing
Teaching others how to do something.
Systems Evaluation
Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
Learning Strategies
Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
Monitoring
Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Systems Analysis
Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
Coordination
Adjusting actions in relation to others' actions.
Persuasion
Persuading others to change their minds or behavior.
Service Orientation
Actively looking for ways to help people.
Social Perceptiveness
Being aware of others' reactions and understanding why they react as they do.
Time Management
Managing one's own time and the time of others.
Operations Analysis
Analyzing needs and product requirements to create a design.
Management of Personnel Resources
Motivating, developing, and directing people as they work, identifying the best people for the job.
Negotiation
Bringing others together and trying to reconcile differences.
Programming
Writing computer programs for various purposes.
Science
Using scientific rules and methods to solve problems.
Management of Financial Resources
Determining how money will be spent to get the work done, and accounting for these expenditures.
Management of Material Resources
Obtaining and seeing to the appropriate use of equipment, facilities, and materials needed to do certain work.
Operations Monitoring
Watching gauges, dials, or other indicators to make sure a machine is working properly.
Technology Design
Generating or adapting equipment and technology to serve user needs.
Quality Control Analysis
Conducting tests and inspections of products, services, or processes to evaluate quality or performance.
Equipment Maintenance
Performing routine maintenance on equipment and determining when and what kind of maintenance is needed.
Equipment Selection
Determining the kind of tools and equipment needed to do a job.
Installation
Installing equipment, machines, wiring, or programs to meet specifications.
Operation and Control
Controlling operations of equipment or systems.
Repairing
Repairing machines or systems using the needed tools.
Troubleshooting
Determining causes of operating errors and deciding what to do about it.
FIND YOUR MARKET

Explore wages by location.

0 retained state and local wage references are available. Start with these selected locations, or search the full market directory for this career.

United States wage reference

Local wage references are not retained for this occupation. The national view and employer evidence may still help.

Browse all wage markets

Available links reflect retained source coverage for this career.

TURN CONTEXT INTO A NEXT STEP

Find the next step that fits.

Look at current disclosed job ranges, explore supported employer salary evidence, or build a proposed hiring range with your own assumptions.

Sources and citation.

Cite this page: Wages.fyi, “Economists career and wage guide.” Link to this Wages.fyi page

This page includes information from the O*NET® 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. Wages.fyi has selected and organized this information and added wage navigation and explanations. USDOL/ETA has not approved, endorsed, or tested these modifications. Database license and attribution requirements.

Official occupation profile · Official wage reference . Wage reference: U.S. Bureau of Labor Statistics May 2025 Occupational Employment and Wage Statistics, distributed through the O*NET® OnLine service. Source data and publication dates can differ from the date this page is accessed.