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Average Economists Salary in Pennsylvania

Economists in Pennsylvania earn an average annual salary of $110,740, which is notably below the national average of $145,650. This differential in compensation is often influenced by a variety of factors, including the specific economic landscape of the state, the concentration of industries that heavily employ economists, and the overall demand within the local job market.

Executive Summary

  • Average Salary: $110,740 per year.
  • Growth Trend: Salaries have shifted 36.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $151,590.
  • Outlook: Pennsylvania's economist job market, while not as large as some national hubs, shows a healthy concentration with a Location Quotient of 1.14, indicating a slightly higher presence of economists relative to the national average. With a local workforce of 710 economists, the state supports a dedicated professional community, suggesting consistent demand for their analytical skills.
2024 Market Data

Salary Overview

$110,740

The average Economists in Pennsylvania earns-24.0%below the national average.

BreakdownBased on 40h/week
Hourly

$53.2

Weekly

$2,130

Monthly

$9,228

Economists Salary Distribution in Pennsylvania

The salary trajectory for economists in Pennsylvania, as in most regions, is significantly influenced by experience. Entry-level positions will command lower salaries, while seasoned professionals with extensive expertise and a proven track record in specialized fields can expect to earn substantially more, potentially reaching into the upper percentiles of the salary range.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$63,920$30.7
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$83,055$39.9
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$113,300$54.5
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$138,425$66.6
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$151,590$72.9

Detailed Economists Market Analysis

Relocation Context

Nominal Salary

$110,740

Gross Pay

Real Wage (Purchasing Power)

$111,859

Adjusted for COL (99)

With an average salary of $110,740 and a Cost of Living Index of 99 (which is precisely the national average), economists in Pennsylvania find their nominal earnings align closely with the general cost of goods and services. This suggests that the purchasing power of their salary is quite stable and comparable to what they might experience in many other parts of the country.

Job Market Context

710

Total Jobs

0.117

Per 1K Jobs

1.14

Location Quotient

Above Average

With a location quotient of 1.14, Pennsylvania has a slightly higher-than-average concentration of Economists roles compared to the national norm.

Pennsylvania's Location Quotient of 1.14 for economists signifies a market that is slightly more concentrated than the national average. This suggests a robust, albeit not overwhelmingly saturated, demand for economic expertise within the state, indicating a competitive but accessible job market for qualified professionals.

Nearby Job Markets

Nearby Cities for Economists

CitySalaryDist.
Harrisburg-Carlisle, PA Economists Salary$82,450↓ 26%66 mi

Comparing salaries near Pennsylvania

Hiring Economistss?

Frequently Asked Questions

How much does a Economists make in Pennsylvania?

The median annual salary for a Economists in Pennsylvania is $110,740. This typically ranges from $63,920 for entry-level positions to $151,590 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Pennsylvania is 24.0% lower than the national median of $145,650.

Is Pennsylvania a lucrative place for Economists?

Yes, with caveats.Pennsylvania offers an average salary of $110,740, which is competitive, especially considering its cost of living is at the national average. While below the national average for economists, the state's slightly higher concentration of these professionals suggests consistent demand.

Is Pennsylvania a good place to live for Economists?

With a Cost of Living Index of 99 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Pennsylvania?

Some top paying nearby cities include Harrisburg-Carlisle, PA ($82,450) and others.

How does Pennsylvania's economist salary compare to the national average?

The average annual salary for economists in Pennsylvania is $110,740, which is approximately 24% lower than the national average of $145,650.

What is the cost of living for economists in Pennsylvania?

The cost of living in Pennsylvania for economists is at the national average, with an index of 99, meaning it is neither significantly more nor less expensive than the typical US location.

How concentrated is the economist job market in Pennsylvania?

Pennsylvania has a slightly higher concentration of economists than the national average, indicated by a Location Quotient of 1.14.

What is the total number of economists employed in Pennsylvania?

There are approximately 710 economists employed within Pennsylvania.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 710 employees in the Pennsylvania area with a job density of 0.117 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 Pennsylvania