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Economist Phd Salary in Minnesota

How much does an Economist Phd make in Minnesota? As of September 01, 2026, the average salary for an Economist Phd in Minnesota is $127,479 per year, which breaks down to an hourly rate of $61.

However, an Economist Phd's salary can vary significantly. Here's a look at the typical salary range:

  • Top Earners (90th percentile): $144,876
  • Majority Range (25th-75th percentile): $117,888 to $136,585
  • Entry-Level (10th percentile): $109,157
Salary Factors Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

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Key Factors That Influence Economist Phd Salaries

An Economist Phd's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Economist Phd Salaries?

Experience is a primary driver of an Economist Phd's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $121,656
  • Early Career (1-2 years): $122,127
  • Mid-Level (2-4 years): $123,226
  • Senior-Level (5-8 years): $124,483
  • Expert (over 8 years): $125,835
Job RoleYears of ExperienceAverage Salary
Entry Level Economist Phd less than 1 year $121,656
Early Career Level Economist Phd 1-2 years $122,127
Mid-Level Level Economist Phd 2-4 years $123,226
Senior-Level Level Economist Phd 5-8 years $124,483
Expert Level Economist Phd over 8 years $125,835

How Do Economist Phd Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Economist Phds. For example, consider the average annual salaries in these key locations:

  • District of Columbia: $137,931.
  • California: $137,407.
  • Massachusetts: $135,576.

Top Paying Cities for Economist Phd

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Conger: $122,051
  • Courtland: $121,913
  • Darfur: $121,285

Economist Phd Salary by Industry: Top Paying Sectors

For Economist Phd roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 20% above the average. In contrast, Economist Phd positions in Business Services or Insurance typically offer lower base pay, as these industries often view Economist Phd as a support function rather than a direct revenue driver.

The top paying industries for an Economist Phd

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services $152,974 $74.0 20%
Edu., Gov't. & Nonprofit $140,226 $67.0 10%

Economist Phd Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Economist Phd's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on September 01, 2026
$117,888
Average $127,479/year
$136,585
$9,824
Average $10,623/month
$11,382
$2,267
Average $2,452/week
$2,627
$57
Average $61/hour
$66
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $136,585 $11,382 $2,627 $66
Average $127,479 $10,623 $2,452 $61
25th Percentile $117,888 $9,824 $2,267 $57

Find Your Next Economist Phd Job

Ready to take the next step in your career? Browse thousands of current Economist Phd job openings on our job board. Use the search bar below to find your perfect match.

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Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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