Economists Salary in Michigan
Economists in Michigan earn a median annual wage of $106,350 —14.7% below the national median of $124,720. That ranks MI #23 of 40 covered states and territories for this occupation.
Wage distribution
How earnings are spread across workers in this occupation, from the 10th to the 90th percentile.
Employment is only 0.63× as concentrated as the national average — this occupation is relatively scarce in Michigan.
Highest-paying states for economists
All 40 states ranked by median annual wage. Michigan is highlighted.
| # | State | Median annual | Median hourly | Employment | Location quotient |
|---|---|---|---|---|---|
| 1 | District of Columbia | $167,590 | $80.57 | 3,000 | 37.34 |
| 2 | New Jersey | $167,550 | $80.55 | 280 | 0.57 |
| 3 | Delaware | $159,120 | $76.50 | 70 | 1.22 |
| 4 | Maryland | $144,680 | $69.56 | 1,130 | 3.56 |
| 5 | Kansas | $138,790 | $66.72 | 80 | 0.50 |
| 6 | Virginia | $137,590 | $66.15 | 950 | 2.01 |
| 7 | New York | $136,660 | $65.70 | 910 | 0.82 |
| 8 | North Carolina | $136,150 | $65.46 | 290 | 0.52 |
| 9 | Idaho | $131,270 | $63.11 | 130 | 1.31 |
| 10 | Alabama | $129,960 | $62.48 | 40 | 0.15 |
Related occupations in Michigan
Occupations in the same job family, compared within Michigan.
| Occupation | Michigan median | U.S. median |
|---|---|---|
| Medical Scientists, Except Epidemiologists | $84,310 | $103,410 |
| Occupational Health and Safety Specialists | $84,080 | $90,150 |
| Environmental Scientists and Specialists, Including Health | $76,080 | $82,220 |
| Chemists | $97,440 | $91,240 |
| Clinical and Counseling Psychologists | $84,730 | $100,580 |
| Life, Physical, and Social Science Technicians, All Other | $59,100 | $62,280 |
Frequently asked questions
How much do economists make in Michigan?
The median annual wage for economists in Michigan is $106,350, or $51.13 per hour. That is 14.7% below the national median of $124,720.
What is the entry-level economists salary in Michigan?
Workers at the 10th percentile earn $72,860 per year ($35.03/hour). The 25th percentile is $82,030.
How many people work as economists in Michigan?
About 320 people work in this occupation in Michigan, or 0.1 per 1,000 jobs statewide.
Is Michigan a good state for economists?
Michigan ranks #23 of 40 states by median wage for this occupation. Employment is only 0.63x as concentrated as the national average, so this occupation is relatively scarce in Michigan.
Which state pays economists the most?
District of Columbia has the highest median wage at $167,590 per year, followed by New Jersey ($167,550) and Delaware ($159,120).