Economists in Virginia
Considering a career as an Economist in Virginia?
You’re in luck! Jobs for Economists in Virginia are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Economists in Virginia is growing faster than average.
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Economists in Virginia earn higher salaries than the typical U.S. wage earner.
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How Many Economists Work in Virginia?
There were approximately 1,230 workers employed as Economists in this state in 2018.
There were 1,350 Economists employed in this state in 2017.
That’s a decline of 120 jobs between 2017 and 2018.
The typical state has 145 Economists working in it, which means Virginia has more Economists than average.
Job Projections for Virginia
Jobs for Economists in this state are growing at a rate of 7.3% which is faster than the nationwide estimated projection of 6.1%.
Virginia Annual Job Openings
The BLS is projecting 100 annual Economists job openings in Virginia, and 1,330 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 Virginia?
In 2018 wages for Economists ranged from $69,250 to $187,720 with $122,230 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $33.29 to $90.25. The median hourly rate was $58.77.
Workers in this field were paid a median of $57.5 an hour in 2017.
The hourly rate grew by $1.27.
The median salary in Virginia is higher than the nationwide median salary.
Top Virginia Metros for Economists
The table below shows some of the metros in this state with the most Economists.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 7,950 | $123,940 |
| Richmond, VA | 100 | $89,720 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 40 | $80,710 |
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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