Average salary, compensation, and wages for Economists in the United StatesMedian annual wage and salary earnings of economists were $68,550 in 2002. The middle 50 percent earned between $50,560 and $90,710. The lowest 10 percent earned less than $38,690, and the highest 10 percent earned more than $120,440. The Federal Government recognizes education and experience in certifying applicants for entry-level positions. The entrance salary for economists having a bachelor�s degree was about $23,442 a year in 2003; however, those with superior academic records could begin at $29,037. Those having a master�s degree could qualify for positions at an annual salary of $35,519. Those with a Ph.D. could begin at $42,976, while some individuals with experience and an advanced degree could start at $51,508. Starting salaries were slightly higher in selected areas where the prevailing local pay was higher. The average annual salary for economists employed by the Federal Government was $81,852 a year in 2003. More information on Economists from The U.S. Department of Labor Bureau of Labor Statistics Occupational Outlook Handbook Overview of Economists occupation Number of Economists in the U.S. Salary and earnings for Economists Working conditions for Economists Significant points for Economists Training requirements for Economists Labor Information Home | Occupational data by city | Search Rainforests | Madagascar | What's new |