Economists Pay Range in Minnesota
Pay distribution across experience levels
- 10th Percentile — Entry Level$58,380
- 25th Percentile — Junior$63,980
- 50th Percentile — Median$105,120
- 75th Percentile — Senior$142,460
- 90th Percentile — Top Earners$197,870
Half of Economists in Minnesota earn more than $105,120. The top 10% make $197,870 or more, while entry-level workers start around $58,380.
Economists in Minnesota: Key Facts
Source: BLS OEWS May 2025
- Minnesota ranks 22nd of 40 states for Economists pay, at $117,980 per year (17.0% below the U.S. average of $142,130).
- 500 people work as Economists in Minnesota — 2.8% of all U.S. Economists jobs.
- Location quotient 1.48: Economists jobs are more concentrated in Minnesota than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $58,380; the top 10% earn over $197,870.
- 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 Minnesota, Physicists pays the most ($201,530).
Economists Job Market in Minnesota
Key factors affecting compensation
Minnesota's key industries are Healthcare, Finance, Manufacturing, and its job market is rated strong. Economists here earn $117,980 on average, placing the state 22nd nationally.
With a cost-of-living index of 1.0 (U.S. = 1.00), a Minnesota salary of $117,980 is roughly equivalent to $117,980 at the national average cost of living.
Compared with nearby states in the pay ranking, Alaska ($121,300), Washington ($120,550), Idaho ($119,930) 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 Minnesota
Related career salary benchmarks
- Physicists $201,530/yr Minnesota +70.8% vs this role
- Materials Scientists $125,000/yr Minnesota +6.0% vs this role
- Animal Scientists $114,380/yr Minnesota 3.1% vs this role
- Atmospheric and Space Scientists $111,820/yr Minnesota 5.2% vs this role
- Food Scientists and Technologists $103,960/yr Minnesota 11.9% vs this role
- Chemists $102,390/yr Minnesota 13.2% vs this role
- Medical Scientists $100,870/yr Minnesota 14.5% vs this role
- Urban and Regional Planners $95,430/yr Minnesota 19.1% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Economists salary in Minnesota?
The average Economists salary in Minnesota is $117,980 per year (median $105,120), which is 17.0% below the national average of $142,130.
How does Minnesota rank for Economists pay?
Minnesota ranks 22nd out of 40 states. The highest-paying state is District of Columbia ($175,100/yr).
How much do entry-level Economists make in Minnesota?
The lowest-paid 10% of Economists in Minnesota earn about $58,380 per year and the 25th percentile is $63,980.
How much do Economists make per hour in Minnesota?
About $56.72 per hour, based on the $117,980 annual average and 2,080 working hours per year.
How many Economists work in Minnesota?
BLS counts 500 Economists jobs in Minnesota (OEWS May 2025).
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