Economists in New Jersey
Is New Jersey a good place for you to work as an Economist?
- Economists in New Jersey earn higher salaries than the typical U.S. wage earner.
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How Many Economists Work in New Jersey?
In 2018, there were 180 Economists working in the state.
There were 120 Economists employed in this state in 2017.
That’s growth of 60 jobs between 2017 and 2018.
The typical state has 145 Economists working in it, which means New Jersey has more Economists than average.
Job Projections for New Jersey
Jobs for Economists in this state are not projected to grow or decrease, but nationwide they are growing at a rate of 6.1%.
New Jersey Annual Job Openings
The BLS is projecting 10 annual Economists job openings in New Jersey, and 130 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 New Jersey?
In 2018 wages for Economists ranged from $52,810 to $153,520 with $87,590 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $25.39 to $73.81. The median hourly rate was $42.11.
In 2017 the median pay for this field was $43.75 an hour.
The hourly rate declined by $1.64.
The median salary in New Jersey is higher than the nationwide median salary.
Top New Jersey Metros for Economists
The table below shows some of the metros in this state with the most Economists.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | 690 | $106,490 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 260 | $100,370 |
| Trenton, NJ | 110 | n/a |
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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