State comparison · 2024
Economists salary: Illinois vs New Jersey
Economists in New Jersey earn a median of $167,550. In Illinois, $112,790. After cost-of-living, the gap is 26.8% — not 32.7%.
Nominal pay gap
-32.7%
Illinois vs New Jersey
COL-adjusted gap
-26.8%
After BEA Regional Price Parities
Illinois
Economists
- Median
- $112,790
- p25
- $82,210
- p75
- $150,900
- p10
- $66,930
- p90
- $225,440
- COL index (BEA RPP)100 = US average
- 100.0
- Hiring velocity (180d)
- -83%
New Jersey
Economists
- Median
- $167,550
- p25
- $126,940
- p75
- $192,960
- p10
- $83,990
- p90
- $195,190
- COL index (BEA RPP)100 = US average
- 108.8
- Hiring velocity (180d)
- -33%
BLS Occupational Employment and Wage Statistics, May 2024. Cost-of-living adjustment from BEA Regional Price Parities (overall index). Hiring velocity from DOL OFLC public disclosure data, recent 180 days vs prior. See methodology.