The average salary for an economist in Illinois is around $105,980 per year.
Avg Salary
Economists earn an average yearly salary of $105,980.
Wages typically start from $63,310.
79% above national average Updated in 2021
Economist earnings by seniority
75th percentile
Senior-level economist earnings begin at:
$71.60 per hour
$148,930 per year
50th percentile
Mid-level economist earnings begin at:
$50.95 per hour
$105,980 per year
25th percentile
Junior-level economist earnings begin at:
$38.68 per hour
$80,450 per year
10th percentile
Starting level economist earnings begin at:
$30.44 per hour
$63,310 per year
Approximate values based on highest and lowest earning segments.
Economist salary by state
| State Name | Average Salary |
|---|---|
| Minnesota | $99,880 |
| Indiana | $99,510 |
| Pennsylvania | $98,400 |
| Texas | $97,930 |
| Michigan | $96,100 |
| New Jersey | $95,480 |
| Louisiana | $93,660 |
| Utah | $90,750 |
| Missouri | $88,710 |
| Oregon | $88,330 |
| Iowa | $82,710 |
| Florida | $82,380 |
| Hawaii | $82,220 |
| Montana | $81,700 |
| Vermont | $81,700 |
| Tennessee | $81,590 |
| Delaware | $81,440 |
| Maine | $81,220 |
| North Carolina | $80,400 |
| Nevada | $79,410 |
| Arizona | $78,150 |
| Idaho | $78,010 |
| South Carolina | $75,380 |
| Wisconsin | $73,350 |
| Wyoming | $72,730 |
| Kentucky | $70,140 |
| New Mexico | $67,700 |
| Kansas | $65,970 |
| Mississippi | $65,410 |
| West Virginia | $65,350 |
| Nebraska | $62,460 |
| Arkansas | $51,850 |
| Puerto Rico | $35,640 |
| New Hampshire | $143,400 |
| District of Columbia | $134,760 |
| Massachusetts | $133,370 |
| New York | $131,720 |
| Oklahoma | $126,040 |
| California | $124,910 |
| Maryland | $119,080 |
| Virginia | $110,590 |
| Illinois | $105,980 |
| Colorado | $105,640 |
| Connecticut | $105,120 |
| Georgia | $105,090 |
| Ohio | $104,730 |
| Alaska | $104,580 |
| Alabama | $104,420 |
| Washington | $103,210 |
How do economist salaries compare to similar careers?
Economists earn about the same as related careers in Illinois. On average, they make less than financial managers but more than business analysts.
| Career | Median Salary |
|---|---|
| Financial manager salary | $128K |
| Purchasing manager salary | $125K |
| Human resources manager salary | $120K |
| Supply chain manager salary | $121K |
| Investment fund manager salary | $121K |
| Economist salary | $106K |
| Operations manager salary | $99K |
| Financial advisor salary | $98K |
| Actuary salary | $102K |
| Business analyst salary | $102K |
Source: CareerExplorer (Aggregated)