Economists in Michigan
Is Michigan a good place for you to work as an Economist?
You’re in luck! Jobs for Economists in Michigan are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Economists in Michigan is growing faster than average.
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Economists in Michigan earn higher salaries than the typical U.S. wage earner.
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How Many Economists Work in Michigan?
In 2018, there were 250 Economists working in the state.
There were 270 Economists employed in this state in 2017.
That’s a decline of 20 jobs between 2017 and 2018.
The typical state has 145 Economists working in it, which means Michigan has more Economists than average.
Job Projections for Michigan
Jobs for Economists in this state are growing at a rate of 8.3% which is faster than the nationwide estimated projection of 6.1%.
Michigan Annual Job Openings
The BLS estimates there will be 30 annual job openings, and 390 total jobs in 2026 for Economists in this state.
Nationwide, the prediction is 1,600 annual jobs and 22,600 total jobs in 2026.
What do Economists Make in Michigan?
In 2018 wages for Economists ranged from $50,080 to $130,270 with $80,990 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $24.08 to $62.63. The median hourly rate was $38.94.
In 2017 the median pay for this field was $37.84 an hour.
The hourly rate grew by $1.10.
The median salary in Michigan is higher than the nationwide median salary.
Top Michigan Metros for Economists
The table below shows some of the metros in this state with the most Economists.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Detroit-Warren-Dearborn, MI | 80 | $78,750 |
| Ann Arbor, MI | 50 | $91,020 |
| Lansing-East Lansing, MI | 50 | $78,760 |
Top States for Economists Employment
View the list below to see where most Economists work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| District of Columbia | 6,380 | $122,930 |
| California | 1,430 | $114,660 |
| Virginia | 1,230 | $122,230 |
| Massachusetts | 1,150 | $107,580 |
| Texas | 830 | $99,740 |
| New York | 750 | $101,740 |
| Maryland | 700 | $116,380 |
| Pennsylvania | 610 | $84,520 |
| Washington | 400 | $91,940 |
| Illinois | 380 | $104,230 |
| Georgia | 330 | $104,200 |
| Minnesota | 250 | $68,050 |
| Michigan | 250 | $80,990 |
| Missouri | 250 | $91,350 |
| Wisconsin | 240 | $69,060 |
| Florida | 240 | $90,490 |
| North Carolina | 230 | $80,400 |
| Colorado | 220 | $101,670 |
| Oregon | 220 | $88,330 |
| New Jersey | 180 | $87,590 |
Below are the states where Economists get paid the most:
| State | Annual Median Salary |
|---|---|
| District of Columbia | $122,930 |
| Virginia | $122,230 |
| Maryland | $116,380 |
| California | $114,660 |
| Ohio | $108,800 |
| Massachusetts | $107,580 |
| Illinois | $104,230 |
| Georgia | $104,200 |
| New York | $101,740 |
| Colorado | $101,670 |
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By pixabay under License
More about our data sources and methodologies.
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