What is the median salary for Economists in Minneapolis, Minnesota?

According to BLS Occupational Employment and Wage Statistics, the median annual wage for Economists in the Minneapolis metropolitan area is $108,230.

Does Minneapolis pay more than the Minnesota state average for Economists?

The Minneapolis metro median is +0.7% versus the Minnesota state median of $107,470.

How does Minneapolis compare to the national median for Economists?

The Minneapolis metro median is -9.2% versus the BLS national figure of $119,230.

What is the salary range for Economists in Minneapolis?

BLS reports the 10th-percentile annual wage at $77,450 and the 90th-percentile at $163,340 for the Minneapolis metro area.

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.

Economists Salary in Minneapolis, Minnesota

Median annual$108,230

Mean annual$116,160

Range (10th to 90th)$77,450 to $163,340

Minneapolis, Minnesota employment150

State vs national-9.2% vs national

Salary distribution

Where Minneapolis economists fall on the wage curve.

Annual wage distribution

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

The middle 50% of workers earn between $95,750 and $130,140, with a median of $108,230.

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)

01
Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
02
Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.
03
Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
04
Supervise research projects and students' study projects.
05
Teach theories, principles, and methods of economics.
06
Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
07
Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
08
Explain economic impact of policies to the public.

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Frequently asked questions

What is the median salary for Economists in Minneapolis, Minnesota?: According to BLS Occupational Employment and Wage Statistics, the median annual wage for Economists in the Minneapolis metropolitan area is $108,230.
Does Minneapolis pay more than the Minnesota state average for Economists?: The Minneapolis metro median is +0.7% versus the Minnesota state median of $107,470.
How does Minneapolis compare to the national median for Economists?: The Minneapolis metro median is -9.2% versus the BLS national figure of $119,230.
What is the salary range for Economists in Minneapolis?: BLS reports the 10th-percentile annual wage at $77,450 and the 90th-percentile at $163,340 for the Minneapolis metro area.
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. BLS metro estimates reflect the Minneapolis CBSA boundary 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.