State comparison · 2025
Economists salary: Michigan vs New Jersey
Economists in New Jersey earn a median of $167,550. In Michigan, $106,350. After cost-of-living, the gap is 28.2% — not 36.5%.
Nominal pay gap
-36.5%
Michigan vs New Jersey
COL-adjusted gap
-28.2%
After BEA Regional Price Parities
Michigan
Economists
- Median
- $106,350
- p25
- $82,030
- p75
- $150,000
- p10
- $72,860
- p90
- $178,170
- COL index (BEA RPP)100 = US average
- 96.2
- Hiring velocity (180d)
- 0%
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 2025. 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.