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DATA PROFILE · 2024

Economists salary in Illinois

Slowingmarket
-83%offers
+29.6%wages
heat35/100

Median, range, employment, and 10-year outlook from BLS Occupational Employment Statistics, with skills and task data from O*NET. Cost-of-living adjustment from BEA Regional Price Parities.

Adrian Serafin, founder and editor of RateOrchardBy Adrian SerafinFounderUpdated April 27, 2026
Last refreshed: Apr 27, 2026

Economists in Illinois. BLS OES + DOL OFLC + reader-reported submissions. How this is built →

Median annual$112,790
Mean annual$128,330
Range (10th to 90th)$66,930 to $225,440
Illinois employment590
State vs national-11.1% vs national

Salary distribution

Where Illinois economists fall on the wage curve.

Annual wage distribution

Shaded band = interquartile range (where most full-time workers fall)

10TH$66,93025TH$82,210MEDIAN$112,79075TH$150,90090TH$225,440

The middle 50% of workers earn between $82,210 and $150,900, with a median of $112,790.

Real disclosed salaries

Economists in Illinois: actual employer-disclosed pay

Public records from 73 certified H-1B Labor Condition Applications filed with the U.S. Department of Labor. Median offered wage: $124,300. Every figure below is an actual offered salary an employer attested to under federal law.

By DOL wage level

DOL classifies every offer into one of four wage levels based on the role's experience and skill requirements.

LevelFilingsMedian offer
Level I — entry28$87,000
Level II — qualified25$160,000
Level III — experienced9$170,000
Level IV — fully competent11$240,000

Top employers filing for this role

Companies with the most certified filings for Economists in Illinois. Median offer is across all of that employer's filings.

EmployerMost-filed titleFilingsMedian
The Brattle GroupResearch Analyst10$103,164
Cornerstone Research, Inc.Associate9$195,000
Analysis Group, Inc.Analyst7$110,000
CRA International, Inc.Analyst - Competition7$113,000
Compass Lexecon LLCSenior Economist6$237,500
Econic Partners US LLCAssociate Economist5$280,000
The University of ChicagoProgram Manager, Emissions Trading Program4$113,192
Federal Reserve Bank of ChicagoEconomist3$213,000
Northwestern UniversityPostdoctoral Fellow3$70,000
AECOM Technical Services, Inc.Digital & Geospatial Analyst2$73,190

Recent sample filings

A snapshot of recent certified offers. Each line is a real, public, verifiable record.

  • Sr. Strategy and Deals Associate at Calamos Advisors LLC
    $125,000
    ChicagoWage Level IIDecided Mar 31, 2026I-200-26083-726065
  • Postdoctoral Fellow at Northwestern University
    $70,000
    ChicagoWage Level IDecided Mar 27, 2026I-200-26079-718601
  • Research Director at The University of Chicago
    $84,282
    ChicagoWage Level IIDecided Mar 13, 2026I-200-26065-685591
  • Vice President at Compass Lexecon LLC
    $285,000
    ChicagoWage Level IVDecided Mar 12, 2026I-200-26064-682603
  • PRODUCT MANAGER, DIGITAL FINANCE at JD.COM AMERICAN TECHNOLOGIES CORPORATION
    $240,000
    NORMALWage Level IVDecided Jan 23, 2026I-200-26015-562786
  • Economist II at Amazon.com Services LLC
    $155,400
    ChicagoWage Level IIDecided Jan 15, 2026I-200-26008-543819
  • Associate Economist at Econic Partners US LLC
    $165,000
    CHICAGOWage Level IIIDecided Jan 14, 2026I-200-26007-541950
  • Associate at Analysis Group, Inc.
    $170,000
    ChicagoWage Level IIDecided Jan 2, 2026I-200-25357-507002

Source: U.S. Department of Labor, Office of Foreign Labor Certification. Disclosed wages reflect what employers attested to pay; actual paid wages may differ. Only certified filings are shown — denied and withdrawn cases are excluded.

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By seniority

Economists pay by experience level in Illinois

Each band reflects DOL Wage Levels I-IV mapped onto a four-step ladder. Click a level to see the disclosed-wage range for that segment.

Specialties

Economists specialties in Illinois

Real specialty titles employers file for, clustered from 40 certified offers. The most common variant is Economist at a median of $165,000.

SpecialtyTop employerFilingsMedian offer
EconomistEconic Partners US LLC14$165,000
AnalystAnalysis Group, Inc.8$101,250
Research AnalystThe Brattle Group7$95,520
Research AssociateCornerstone Research, Inc.5$160,000
Associate Principal - CompetitionCRA International, Inc.3$240,000
Postdoctoral FellowNorthwestern University3$70,000

Specialties with 10 or more filings link to a dedicated breakdown.

Pay by industry

Economists in Illinois, by industry

Median offered wage across 73 certified filings, grouped by NAICS industry sector. Professional services leads with a median of $124,650.

IndustryLargest employerFilingsMedian offer
Professional servicesThe Brattle Group52$124,650
EducationThe University of Chicago9$84,282
Finance and insuranceFederal Reserve Bank of Chicago5$213,000
Technology and softwareJD.COM AMERICAN TECHNOLOGIES CORPORATION2$160,000
Nonprofit and civicAmerican Medical Association2$99,720
Media and entertainmentChicago Blackhawks Hockey Team, Inc.1$135,200
Retail and wholesaleAmazon.com Services LLC1$155,400
Energy and utilitiesRWE Clean Energy Services, LLC1$85,000

Sectors with at least 25 filings link to a dedicated page with full distribution and sample employer breakdown.

Wage trend

Median annual wage in Illinois over the past 2 BLS OES releases. Real values are CPI-adjusted to 2024 dollars.

Median annual wage, Illinois2023 to 2024
$105,4302023$112,7902024

Typical entry

  • Education

    Master's degree

  • Experience

    None

  • On-the-job training

    None

Top skills (O*NET)

  • Mathematics

    Knowledge

    4.6 / 5
  • Economics and Accounting

    Knowledge

    4.5 / 5
  • English Language

    Knowledge

    4.3 / 5
  • Written Comprehension

    Ability

    4.1 / 5
  • Mathematics

    Basic skill

    4.1 / 5
  • Critical Thinking

    Cross-functional

    4.1 / 5
  • Reading Comprehension

    Basic skill

    4.1 / 5
  • Writing

    Basic skill

    4.0 / 5

Common tasks (O*NET)

  1. 01

    Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.

  2. 02

    Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.

  3. 03

    Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.

  4. 04

    Supervise research projects and students' study projects.

  5. 05

    Teach theories, principles, and methods of economics.

  6. 06

    Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.

  7. 07

    Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

  8. 08

    Explain economic impact of policies to the public.

10-year outlook

Growth 2024 → 2034

+1.1%

Projected annual openings

BLS outlook

Slower than average

Source: BLS Employment Projections, 20242034 cycle.

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Compare Economists pay across nearby states

Side-by-side

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Frequently asked questions

What is the median salary for Economists in Illinois?
According to BLS Occupational Employment Statistics, the median annual wage for Economists in Illinois is $112,790.
How does Illinois compare to the national median for Economists?
The Illinois median is -11.1% versus the BLS national figure of $126,812.
What is the salary range for Economists in Illinois?
BLS reports the 10th-percentile annual wage at $66,930 and the 90th-percentile at $225,440, which captures most full-time workers in the role.
Is Economists a growing field?
BLS Employment Projections show employment growing by 1.1% over the projection cycle. See the 10-year outlook section above for details.
What education is required for Economists?
BLS lists the typical entry-level education as Master's degree. Many employers also weigh prior experience and credentials.
Disclaimer

Information on this page is for general educational purposes only. It is not career, financial, or tax advice. Wage data reflects BLS estimates for the reference year shown and may not match individual offers, employer-specific ranges, or current market conditions. Confirm with a licensed professional before making career or compensation decisions.