# Economists

SOC 19-3011. Page: https://educationguide.com/careers/economists

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

## Pay and outlook
- U.S. median wage $124,720 (middle half $89,330–$174,720; BLS May 2025)
- Ages 25-34: median $106,133; 100% hold a bachelor's or higher (Census ACS 2020-2024)
- Jobs 2025-35: 4.7%; ~1.1k openings a year; typical entry: Master's degree

## Fields of degree of young workers (ages 25-34, bachelor's+)
- Economics: 40% (https://educationguide.com/degrees/economics)
- Finance: 7% (https://educationguide.com/degrees/finance, https://educationguide.com/degrees/insurance)
- Political Science And Government: 5% (https://educationguide.com/degrees/political-science)
- Mathematics: 3% (https://educationguide.com/degrees/mathematics)
- Communications: 3% (https://educationguide.com/degrees/communications, https://educationguide.com/degrees/communication-journalism-and-related-programs-other)
- Architecture: 3% (https://educationguide.com/degrees/architecture, https://educationguide.com/degrees/architectural-sciences-and-technology)
- Biology: 3% (https://educationguide.com/degrees/biology)
- Chemistry: 2% (https://educationguide.com/degrees/chemistry)
- Accounting: 2% (https://educationguide.com/degrees/accounting)
- General Business: 2% (https://educationguide.com/degrees/business)

## Median wage by state
- AK: $111,040
- AL: $129,960
- AR: $91,560
- AZ: $79,610
- CA: $119,410
- CO: $121,410
- CT: $101,400
- DC: $167,590
- DE: $159,120
- FL: $102,430
- GA: $122,570
- HI: $83,050
- IA: $96,310
- ID: $131,270
- IN: $80,750
- KS: $138,790
- KY: $71,400
- LA: $73,050
- MA: $106,380
- MD: $144,680
- ME: $91,480
- MI: $106,350
- MN: $105,120
- MO: $117,010
- MT: $89,340
- NC: $136,150
- NE: $75,880
- NH: $86,130
- NJ: $167,550
- NV: $91,340
- NY: $136,660
- OH: $120,000
- OK: $89,980
- OR: $122,120
- PA: $115,000
- PR: $70,750
- TN: $117,650
- TX: $121,420
- VA: $137,590
- WA: $109,300
- WI: $84,000

Method: https://educationguide.com/how-we-score#careers

Free to reuse with attribution: cite "EducationGuide.com" with a link to the page URL. Most figures are U.S. government data (public domain); loan default rates and athletics come from the Urban Institute Education Data Portal (ODC-By 1.0, attribution required) and founding years from Wikidata (CC0). O*NET data: CC BY 4.0, O*NET 31.0 (USDOL/ETA).