State comparison · 2025
Economists salary: Minnesota vs New Jersey
Economists in New Jersey earn a median of $167,550. In Minnesota, $105,120. After cost-of-living, the gap is 30.8% — not 37.3%.
Nominal pay gap
-37.3%
Minnesota vs New Jersey
COL-adjusted gap
-30.8%
After BEA Regional Price Parities
Minnesota
Economists
- Median
- $105,120
- p25
- $63,980
- p75
- $142,460
- p10
- $58,380
- p90
- $197,870
- COL index (BEA RPP)100 = US average
- 98.6
- Hiring velocity (180d)
- -50%
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.