Economist Salary in Indiana
Based on 80+ workers in Indiana
Median Annual Salary (IN)
$80,750
$38.82/hr
vs National Average
$111,296
-27.4% vs national median
Salary Range (10th–90th)
$47K – $163K
80 employed in Indiana
The median economist salary in Indiana is $80,750 per year, according to recent employment data covering 80 workers in the state. This figure falls approximately 27% below the national average, reflecting regional economic differences and labor market conditions. Salaries for economists in Indiana range from $47,350 to $163,380 annually, demonstrating considerable variation within the profession.
Several factors influence economist salary in Indiana, including educational attainment, years of experience, and employer type. Economists working for government agencies, research institutions, or large corporations typically earn differently than those in smaller organizations or academic settings. Geographic location within the state, specific industry focus, and individual expertise also play significant roles in determining compensation levels for professionals in this field.
Salary Distribution — Economist in Indiana
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $47,350 |
| 25th percentile | $47,350 |
| Median (50th percentile) | $80,750 |
| 75th percentile | $144,640 |
| 90th percentile | $163,380 |
Top-Paying Industries for Economist (U.S.)
Which industries pay Economists the most — nationwide figures (industry-level data is not available by state). Economists in Indiana tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Mining, Quarrying, and Oil and Gas Extraction | $210,780 | 30 |
| Wholesale Trade | $207,400 | 40 |
| Manufacturing | $180,320 | 90 |
| Finance and Insurance | $173,990 | 2K |
| Management of Companies and Enterprises | $160,150 | 170 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Economist in Indiana vs National
| Year | Median Salary (Indiana) |
|---|---|
| 2022 | $93,000 |
| 2024 | $95,830 |
| 2025 | $80,750 |
| 2026 (projected) | $80,750 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Indiana Median | National Median |
|---|---|---|
| 2022 | $93,000 | $96,369 |
| 2024 | $95,830 | $102,371 |
| 2025 | $80,750 | $111,296 |
| 2026 (projected) | $80,750 | $111,296 |
Economist Salary by Experience Level in Indiana
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $47,350 |
| Mid-level | 3-5 yrs | $80,750 |
| Senior | 6-9 yrs | $144,640 |
| Staff / Lead | 10+ yrs | $163,380 |
Economist Salary in Other States
Related Economist Salaries in Indiana
How other high-demand occupations in Indiana compare to Economist ($80,750 median).
| Occupation | Median Salary | vs Economist | Hourly |
|---|---|---|---|
| Financial Manager in IN | $135,840 | +68.2% | $65.31/hr |
| Actuary in IN | $100,690 | +24.7% | $48.41/hr |
| Tax Examiner in IN | $92,410 | +14.4% | $44.43/hr |
| Personal Financial Advisor in IN | $87,710 | +8.6% | $42.17/hr |
| Budget Analyst in IN | $82,080 | +1.6% | $39.46/hr |
| Financial Analyst in IN | $81,760 | +1.3% | $39.31/hr |
| Financial Examiner in IN | $81,300 | +0.7% | $39.09/hr |
| Compliance Officer in IN | $78,770 | -2.5% | $37.87/hr |
| Accountant in IN | $77,720 | -3.8% | $37.37/hr |
| Loan Officer in IN | $72,960 | -9.6% | $35.08/hr |
| Securities Sales Agent in IN | $68,290 | -15.4% | $32.83/hr |
| Credit Analyst in IN | $62,660 | -22.4% | $30.13/hr |
Frequently Asked Questions
How much do economists make in Indiana?
- The median salary for economists in Indiana is $80,750 per year, or about $39 per hour. This is approximately 27.4% below the national average for the profession.
What is the salary range for economists in Indiana?
- Economist salaries in Indiana range from $47,350 at the lower end to $163,380 at the higher end, reflecting significant variation based on experience, employer, and specialization.
Is an economist salary in Indiana competitive compared to the national average?
- No, Indiana's median economist salary of $80,750 is notably lower than the national average, falling short by 27.4%. Job seekers should consider this significant gap when evaluating opportunities in the state.
How many economist jobs are available in Indiana?
- There are currently 80 economists employed in Indiana, indicating a relatively small job market for this profession in the state.