Economist salary in Minneapolis-St. Paul-Bloomington, MN-WI
Economists in the Minneapolis-St. Paul-Bloomington, MN-WI metro area earn a median of $107,030 a year ($51.46 an hour), based on BLS data for this job.
Pay ranges from $63,980 for the lowest-paid 10% to $204,140 for the top 10%. That is 14% lower than the national median of $124,720. Pay here is 2% higher than the Minnesota statewide median of $105,120. The average (mean) salary is $127,990, above the median because a few high earners pull it up.
Pay range for economists in Minneapolis-St. Paul-Bloomington, MN-WI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $63,980 | $30.76 |
| 25th percentile | $64,020 | $30.78 |
| Median | $107,030 | $51.46 |
| 75th percentile | $151,650 | $72.91 |
| 90th percentile (top earners) | $204,140 | $98.15 |
| Average (mean) | $127,990 | $61.53 |
Half of economists earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $8,919.17 |
| Semi-monthly (24 a year) | $4,459.58 |
| Biweekly (26 a year) | $4,116.54 |
| Weekly | $2,058.27 |
| Hourly | $51.46 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $107,030 salary, see how much house you can afford in Minnesota at today's mortgage rates, or work out a payment with the mortgage calculator.
Economist salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Madison, WI | $88,770 | 100 |
| Milwaukee-Waukesha, WI | $76,900 | 100 |
Highest-paying states for economists
| State | Median salary |
|---|---|
| District of Columbia | $167,590 |
| New Jersey | $167,550 |
| Delaware | $159,120 |
| Maryland | $144,680 |
| Kansas | $138,790 |
| Virginia | $137,590 |
| New York | $136,660 |
| North Carolina | $136,150 |
| Idaho | $131,270 |
| Alabama | $129,960 |
See Economist pay in every state or the Minnesota statewide figures.
Related jobs in Minneapolis-St. Paul-Bloomington, MN-WI
| Job | Median salary | Hourly |
|---|---|---|
| Clinical and Counseling Psychologists | $108,480 | $52.16 |
| Social Scientists and Related Workers, All Other | $103,330 | $49.68 |
| School Psychologist | $87,510 | $42.07 |
| Urban and Regional Planners | $103,970 | $49.99 |
| Psychologists, All Other | $122,530 | $58.91 |
| Historian | $116,520 | $56.02 |
| Anthropologists and Archeologists | $65,920 | $31.69 |
| Survey Researcher | $87,570 | $42.10 |
| Medical Scientists, Except Epidemiologists | $102,940 | $49.49 |
| Occupational Health and Safety Specialists | $99,170 | $47.68 |
| Chemist | $99,280 | $47.73 |
| Environmental Scientists and Specialists, Including Health | $97,860 | $47.05 |
| Life, Physical, and Social Science Technicians, All Other | $49,410 | $23.75 |
| Chemical Technician | $62,820 | $30.20 |
More: Life, Physical, and Social Science Occupations · all salaries in Minneapolis-St. Paul-Bloomington, MN-WI
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 19-3011. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a economist make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median salary for economists in the Minneapolis-St. Paul-Bloomington, MN-WI metro area is $107,030 a year, or $51.46 an hour. Pay ranges from $63,980 for the lowest-paid 10% to $204,140 for the top 10%.
How much do the highest-paid economists make in Minneapolis-St. Paul-Bloomington, MN-WI?
The top 10% of economists in the Minneapolis-St. Paul-Bloomington, MN-WI metro area earn at least $204,140 a year. The top 25% earn $151,650 or more.
What is the starting pay for economists in Minneapolis-St. Paul-Bloomington, MN-WI?
Entry-level pay (the 10th percentile) is about $63,980 a year, and a quarter of economists earn $64,020 or less.