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Money & Outlook

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National Earnings

The earnings information below is for the occupational group Economists. The occupation Environmental Economist is part of this group.

Average Annual Wage

$132,650

Average Hourly Wage

$63.78

Average Annual Range

$62,520 to $216,900

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook increasing
  The employment change from 2022 to 2032 is estimated to be +6%.
(The National average for all occupations is +3%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
Employment very small occupation
  This was a very small occupation in the United States, employing 17,600 workers in 2022.
(The National average for all occupations is 147,916 workers)
Growth Faster than average growth
  Organizations across many industries use economic analysis and quantitative methods to study and forecast business, sales, and other market trends. Employment demand is expected to be strong for these workers, as organizations increasingly turn to economists to apply analysis of big data to pricing, advertising, and other areas. The increasing complexity of the global economy also is expected to support demand for economists. 
Industries Large concentrations of this occupation are found in these industries
  • Professional, scientific, and technical services (NAICS540000) (36.2%)
  • Federal government (NAICS910000) (27.7%)
  • Management, scientific, and technical consulting services (NAICS541600) (19.7%)
  • Scientific research and development services (NAICS541700) (10.6%)
  • State government, excluding education and hospitals (9.7%)
  • Research and development in the social sciences and humanities (NAICS541720) (8.5%)
  • Local government, excluding education and hospitals (7%)

Contact

  • Email Support
  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900
  • North Dakota Career Resource Network
    ndcrn@nd.gov | (701) 328-9733

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