Economists in Minnesota
Get the information you need to know about working as an Economist.
You’re in luck! Jobs for Economists in Minnesota are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Economists in Minnesota is growing faster than average.
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Economists in Minnesota earn higher salaries than the typical U.S. wage earner.
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How Many Economists Work in Minnesota?
There were approximately 250 workers employed as Economists in this state in 2018.
There were 360 Economists employed in this state in 2017.
That’s a decline of 110 jobs between 2017 and 2018.
The typical state has 145 Economists working in it, which means Minnesota has more Economists than average.
Job Projections for Minnesota
Jobs for Economists in this state are growing at a rate of 5.3% which is slower than the nationwide estimated projection of 6.1%.
Minnesota Annual Job Openings
The BLS is projecting 30 annual Economists job openings in Minnesota, and 400 total jobs in the year 2026.
Nationwide, the prediction is 1,600 annual jobs and 22,600 total jobs in 2026.
What do Economists Make in Minnesota?
In 2018 wages for Economists ranged from $51,340 to $121,670 with $68,050 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $24.68 to $58.5. The median hourly rate was $32.72.
In 2017 the median pay for this field was $30.03 an hour.
The hourly rate grew by $2.69.
The median salary in Minnesota is higher than the nationwide median salary.
Top Minnesota Metros for Economists
The table below shows some of the metros in this state with the most Economists.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 220 | $70,140 |
Top States for Economists Employment
The table below shows the states 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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