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Average Economists Salary in Ann Arbor, MI

Yes, Ann Arbor, MI is a highly lucrative market for Economistss. With an average annual salary of $183,190, professionals here earn significantly more than the national norm. Notably, Ann Arbor, MI is a key hub for this profession, with a job concentration 2.18x higher than average.

Executive Summary

  • Average Salary: $183,190 per year.
  • Growth Trend: Salaries have shifted 67.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $237,640.
  • Outlook: The current demand for Economistss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader Ann Arbor, MI economy.
2024 Market Data

Salary Overview

$183,190

The average Economists in Ann Arbor, MI earns+25.8%above the national average.

BreakdownBased on 40h/week
Hourly

$88.1

Weekly

$3,523

Monthly

$15,266

Economists Salary Distribution in Ann Arbor, MI

The earning potential for Economistss in Ann Arbor, MI varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.1x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $77,760, while highly experienced professionals can command wages upwards of $237,640.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$77,760$37.4
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$137,393$66.1
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$120,410$57.9
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$228,988$110.1
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$237,640$114.3

Detailed Economists Market Analysis

Relocation Context

Nominal Salary

$183,190

Gross Pay

Real Wage (Purchasing Power)

$183,190

Adjusted for COL (100)

In Ann Arbor, MI, the Cost of Living Index is 100. This increases your effective purchasing power from $183,190 to $183,190.

Job Market Context

50

Total Jobs

0.224

Per 1K Jobs

2.18

Location Quotient

Major Hub

Ann Arbor, MI has 2.2x the national concentration of Economists jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

50 people work as Economists in Ann Arbor, MI.

Only 0.224 out of every 1,000 local jobs are Economists roles — this is a niche profession in the area.

Nearby Job Markets

Hiring Economistss?

Frequently Asked Questions

How much does a Economists make in Ann Arbor, MI?

The median annual salary for a Economists in Ann Arbor, MI is $183,190. This typically ranges from $77,760 for entry-level positions to $237,640 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Ann Arbor, MI is 25.8% higher than the national median of $145,650.

Is Ann Arbor, MI a good place for Economistss?

Yes, Ann Arbor, MI is an excellent location for Economistss. It offers both higher-than-average salaries ($183,190) and a high concentration of job opportunities. See distinct detailed breakdown below.

Is Ann Arbor, MI a good place to live for Economists?

The Cost of Living Index in Ann Arbor, MI is 100. While higher than average, this often correlates with higher wages.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50 employees in the Ann Arbor, MI area with a job density of 0.224 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Economists • Data source: BLS OEWS 2024 •Jobs in Ann Arbor, MI