Economist salary in Minnesota
Economists in Minnesota earn a median of $105,120 a year ($50.54 an hour), based on BLS data for 500 workers.
Pay ranges from $58,380 for the lowest-paid 10% to $197,870 for the top 10%. That is 16% lower than the national median of $124,720. Minnesota ranks 24th of 40 states for economists pay. There are 0.17 economists per 1,000 jobs here — the job is 1.5× more common than nationally. The average (mean) salary is $117,980, above the median because a few high earners pull it up.
Pay range for economists in Minnesota
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $58,380 | $28.07 |
| 25th percentile | $63,980 | $30.76 |
| Median | $105,120 | $50.54 |
| 75th percentile | $142,460 | $68.49 |
| 90th percentile (top earners) | $197,870 | $95.13 |
| Average (mean) | $117,980 | $56.72 |
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 | $8,760 |
| Semi-monthly (24 a year) | $4,380 |
| Biweekly (26 a year) | $4,043.08 |
| Weekly | $2,021.54 |
| Hourly | $50.54 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Economist salary in cities in Minnesota
| Metro area | Median salary | Workers |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $107,030 | n/a |
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 |
Related jobs in Minnesota
| Job | Median salary | Hourly |
|---|---|---|
| Clinical and Counseling Psychologists | $107,030 | $51.46 |
| School Psychologist | $85,190 | $40.96 |
| Social Scientists and Related Workers, All Other | $103,330 | $49.68 |
| Urban and Regional Planners | $97,060 | $46.67 |
| Survey Researcher | $104,220 | $50.11 |
| Psychologists, All Other | $115,650 | $55.60 |
| Anthropologists and Archeologists | $65,920 | $31.69 |
| Historian | $103,040 | $49.54 |
| Medical Scientists, Except Epidemiologists | $89,950 | $43.25 |
| Occupational Health and Safety Specialists | $96,990 | $46.63 |
| Environmental Scientists and Specialists, Including Health | $88,000 | $42.31 |
| Chemist | $99,280 | $47.73 |
| Biological Technician | $48,130 | $23.14 |
| Life, Physical, and Social Science Technicians, All Other | $49,410 | $23.75 |
More: Life, Physical, and Social Science Occupations · all salaries in Minnesota
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 Minnesota?
The median salary for economists in Minnesota is $105,120 a year, or $50.54 an hour. Pay ranges from $58,380 for the lowest-paid 10% to $197,870 for the top 10%.
How much do the highest-paid economists make in Minnesota?
The top 10% of economists in Minnesota earn at least $197,870 a year. The top 25% earn $142,460 or more.
What is the starting pay for economists in Minnesota?
Entry-level pay (the 10th percentile) is about $58,380 a year, and a quarter of economists earn $63,980 or less.
How many economists work in Minnesota?
About 500 economists are employed in Minnesota, not counting the self-employed.