Average Economists Salary in Lansing-East Lansing, MI
The average salary for Economistss in Lansing-East Lansing, MI is $99,160. While this is lower than the national average, the cost of living in Lansing-East Lansing, MI may offset the difference, preserving real purchasing power. Notably, Lansing-East Lansing, MI is a key hub for this profession, with a job concentration 1.48x higher than average.
Executive Summary
- Average Salary: $99,160 per year.
- Growth Trend: Salaries have shifted 6.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $143,090.
- Outlook: The current demand for Economistss is stable, with a local workforce of approximately 30 professionals. This role remains a specialized component of the broader Lansing-East Lansing, MI economy.
Salary Overview
The average Economists in Lansing-East Lansing, MI earns-31.9%below the national average.
$47.7
$1,907
$8,263
Economists Salary Trends (2020-2024)
Over the past 4 years, Economists salaries in Lansing-East Lansing, MI have remained stable with a modest increase of 6.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Economists Salary Distribution in Lansing-East Lansing, MI
The earning potential for Economistss in Lansing-East Lansing, MI varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $62,030, while highly experienced professionals can command wages upwards of $143,090.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $62,030 | $29.8 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $74,370 | $35.8 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $78,670 | $37.8 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $123,950 | $59.6 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $143,090 | $68.8 |
Detailed Economists Market Analysis
Relocation Context
Nominal Salary
$99,160
Gross Pay
Real Wage (Purchasing Power)
$99,160
Adjusted for COL (100)
In Lansing-East Lansing, MI, the Cost of Living Index is 100. This increases your effective purchasing power from $99,160 to $99,160.
Job Market Context
30
Total Jobs
0.153
Per 1K Jobs
1.48
Location Quotient
With a location quotient of 1.48, Lansing-East Lansing, MI has a slightly higher-than-average concentration of Economists roles compared to the national norm.
30 people work as Economists in Lansing-East Lansing, MI.
Only 0.153 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 Lansing-East Lansing, MI?
The median annual salary for a Economists in Lansing-East Lansing, MI is $99,160. This typically ranges from $62,030 for entry-level positions to $143,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lansing-East Lansing, MI is 31.9% lower than the national median of $145,650.
Is Lansing-East Lansing, MI a good place for Economistss?
Yes, Lansing-East Lansing, MI is highly recommended due to strong job demand. While salaries are competitive ($99,160), the area is particularly notable for its high job density for Economistss. See distinct detailed breakdown below.
Is Lansing-East Lansing, MI a good place to live for Economists?
The Cost of Living Index in Lansing-East Lansing, 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 30 employees in the Lansing-East Lansing, MI area with a job density of 0.153 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Economists • Data source: BLS OEWS 2024 •Jobs in Lansing-East Lansing, MI