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Economists in Minnesota

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Economists in Minnesota

Want to work in Minnesota as an Economist? Read this first!

5.3% Jobs Projection
$68,050 Median Salary
30 Job Openings

You’re in luck! Jobs for Economists in Minnesota are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Economists in Minnesota is growing faster than average.

  • Economists in Minnesota earn higher salaries than the typical U.S. wage earner.

How Many Economists Work in Minnesota?

In 2018, there were 250 Economists working in the state.

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.

Workers in this field were paid a median of $30.03 an hour in 2017.

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

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


More about our data sources and methodologies.

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