Economists Pay Range in Michigan
Pay distribution across experience levels
- 10th Percentile — Entry Level$72,860
- 25th Percentile — Junior$82,030
- 50th Percentile — Median$106,350
- 75th Percentile — Senior$150,000
- 90th Percentile — Top Earners$178,170
Half of Economists in Michigan earn more than $106,350. The top 10% make $178,170 or more, while entry-level workers start around $72,860.
Economists in Michigan: Key Facts
Source: BLS OEWS May 2025
- Michigan ranks 21st of 40 states for Economists pay, at $117,980 per year (17.0% below the U.S. average of $142,130).
- 320 people work as Economists in Michigan — 1.8% of all U.S. Economists jobs.
- Location quotient 0.63: Economists jobs are less concentrated in Michigan than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $72,860; the top 10% earn over $178,170.
- Hourly equivalent: $56.72 per hour (2,080 hours/year).
- The highest-paying state is District of Columbia at $175,100.
- Among science jobs in Michigan, Physicists pays the most ($135,340).
Economists Job Market in Michigan
Key factors affecting compensation
Michigan's key industries are Automotive, Healthcare, Technology, and its job market is rated moderate. Economists here earn $117,980 on average, placing the state 21st nationally.
With a cost-of-living index of 0.9 (U.S. = 1.00), a Michigan salary of $117,980 is roughly equivalent to $131,089 at the national average cost of living.
Compared with nearby states in the pay ranking, Tennessee ($123,810), Alaska ($121,300), Washington ($120,550) are the closest alternatives for Economists weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Science Jobs in Michigan
Related career salary benchmarks
- Physicists $135,340/yr Michigan +14.7% vs this role
- Materials Scientists $117,800/yr Michigan 0.2% vs this role
- Biochemists and Biophysicists $110,590/yr Michigan 6.3% vs this role
- Atmospheric and Space Scientists $106,510/yr Michigan 9.7% vs this role
- Hydrologists $105,910/yr Michigan 10.2% vs this role
- Sociologists $105,120/yr Michigan 10.9% vs this role
- Chemists $101,210/yr Michigan 14.2% vs this role
- Medical Scientists $93,090/yr Michigan 21.1% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Economists salary in Michigan?
The average Economists salary in Michigan is $117,980 per year (median $106,350), which is 17.0% below the national average of $142,130.
How does Michigan rank for Economists pay?
Michigan ranks 21st out of 40 states. The highest-paying state is District of Columbia ($175,100/yr).
How much do entry-level Economists make in Michigan?
The lowest-paid 10% of Economists in Michigan earn about $72,860 per year and the 25th percentile is $82,030.
How much do Economists make per hour in Michigan?
About $56.72 per hour, based on the $117,980 annual average and 2,080 working hours per year.
How many Economists work in Michigan?
BLS counts 320 Economists jobs in Michigan (OEWS May 2025).
Related Salary Pages
Explore more salary data