Economist Salary in Massachusetts
Based on 1K+ workers in Massachusetts
Median Annual Salary (MA)
$106,380
$51.14/hr
vs National Average
$111,296
-4.4% vs national median
Salary Range (10th–90th)
$74K – $223K
1K employed in Massachusetts
The median economist salary in Massachusetts is $106,380 per year, with approximately 1,030 economists currently employed across the state. While this represents a solid income in the region, it falls about 4% below the national average for the profession. Salaries in the state range from $74,080 to $222,610, reflecting significant variation based on individual qualifications and employer type.
Several factors influence economist salary in Massachusetts, including level of education, years of experience, and specific industry sector. Economists working in finance, consulting, or government research typically earn at the higher end of the range, while those in nonprofit or academic settings may earn less. Geographic location within Massachusetts, employer size, and specialized expertise in areas like data analysis or policy development also play important roles in determining compensation.
Salary Distribution — Economist in Massachusetts
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $74,080 |
| 25th percentile | $91,690 |
| Median (50th percentile) | $106,380 |
| 75th percentile | $155,130 |
| 90th percentile | $222,610 |
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 Massachusetts 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 Massachusetts vs National
| Year | Median Salary (Massachusetts) |
|---|---|
| 2022 | $130,160 |
| 2023 | $134,750 |
| 2024 | $103,170 |
| 2025 | $106,380 |
| 2026 (projected) | $109,690 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Massachusetts Median | National Median |
|---|---|---|
| 2022 | $130,160 | $96,369 |
| 2023 | $134,750 | $98,241 |
| 2024 | $103,170 | $102,371 |
| 2025 | $106,380 | $111,296 |
| 2026 (projected) | $109,690 | $114,759 |
Economist Salary by Experience Level in Massachusetts
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $91,690 |
| Mid-level | 3-5 yrs | $106,380 |
| Senior | 6-9 yrs | $155,130 |
| Staff / Lead | 10+ yrs | $222,610 |
Economist Salary in Other States
Related Economist Salaries in Massachusetts
How other high-demand occupations in Massachusetts compare to Economist ($106,380 median).
| Occupation | Median Salary | vs Economist | Hourly |
|---|---|---|---|
| Financial Manager in MA | $206,760 | +94.4% | $99.40/hr |
| Actuary in MA | $126,040 | +18.5% | $60.60/hr |
| Personal Financial Advisor in MA | $125,670 | +18.1% | $60.42/hr |
| Financial Examiner in MA | $111,110 | +4.4% | $53.42/hr |
| Financial Analyst in MA | $111,040 | +4.4% | $53.38/hr |
| Compliance Officer in MA | $102,060 | -4.1% | $49.07/hr |
| Loan Officer in MA | $101,600 | -4.5% | $48.85/hr |
| Securities Sales Agent in MA | $100,310 | -5.7% | $48.23/hr |
| Tax Examiner in MA | $99,970 | -6.0% | $48.06/hr |
| Accountant in MA | $99,460 | -6.5% | $47.82/hr |
| Credit Analyst in MA | $97,080 | -8.7% | $46.67/hr |
| Budget Analyst in MA | $92,260 | -13.3% | $44.36/hr |
Frequently Asked Questions
How much do economists make in Massachusetts?
- The median salary for economists in Massachusetts is $106,380 per year, or $51 per hour. This is slightly below the national average by 4.4%, but still represents a solid middle-class income in the state.
What is the salary range for economists in Massachusetts?
- Economist salaries in Massachusetts range from $74,080 at the lower end to $222,610 at the upper end. This wide range reflects differences in experience, education, employer type, and specialization within the field.
How many economists are employed in Massachusetts?
- There are approximately 1,030 economists currently employed in Massachusetts, indicating a moderate job market for this profession in the state.
Is the economist salary in Massachusetts competitive compared to the national average?
- Massachusetts economist salaries are 4.4% below the national average, with a median of $106,380 versus the national median. Despite being slightly lower, Massachusetts still offers solid compensation for economists in this region.