Economists Salary in New Jersey
Economists in New Jersey earn a median annual wage of $167,550 —34.3% above the national median of $124,720. That ranks NJ #2 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 0.57× as concentrated as the national average — this occupation is relatively scarce in New Jersey.
Highest-paying states for economists
All 40 states ranked by median annual wage. New Jersey 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 New Jersey
Occupations in the same job family, compared within New Jersey.
| Occupation | New Jersey median | U.S. median |
|---|---|---|
| Medical Scientists, Except Epidemiologists | $129,280 | $103,410 |
| Occupational Health and Safety Specialists | $90,610 | $90,150 |
| Environmental Scientists and Specialists, Including Health | $79,210 | $82,220 |
| Chemists | $84,450 | $91,240 |
| Clinical and Counseling Psychologists | $127,090 | $100,580 |
| Life, Physical, and Social Science Technicians, All Other | $55,980 | $62,280 |
Frequently asked questions
How much do economists make in New Jersey?
The median annual wage for economists in New Jersey is $167,550, or $80.55 per hour. That is 34.3% above the national median of $124,720.
What is the entry-level economists salary in New Jersey?
Workers at the 10th percentile earn $83,990 per year ($40.38/hour). The 25th percentile is $126,940.
How many people work as economists in New Jersey?
About 280 people work in this occupation in New Jersey, or 0.1 per 1,000 jobs statewide.
Is New Jersey a good state for economists?
New Jersey ranks #2 of 40 states by median wage for this occupation. Employment is only 0.57x as concentrated as the national average, so this occupation is relatively scarce in New Jersey.
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).