What is the median salary for Economists in Richmond, Virginia?

According to BLS Occupational Employment and Wage Statistics, the median annual wage for Economists in the Richmond metropolitan area is $118,610.

Does Richmond pay more than the Virginia state average for Economists?

The Richmond metro median is -19.9% versus the Virginia state median of $148,010.

How does Richmond compare to the national median for Economists?

The Richmond metro median is -0.5% versus the BLS national figure of $119,230.

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 Richmond, Virginia

Median annual$118,610

Mean annual$143,270

Range (10th to 90th)Not published

Richmond, Virginia employment160

State vs national-0.5% vs national

Salary distribution

Where Richmond economists fall on the wage curve.

Distribution not available

The Bureau of Labor Statistics suppresses wage percentiles for this occupation and state when the surveyed cell has too few employers to publish without revealing individual firm pay. National figures and adjacent states below remain a useful reference.

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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Other metros in Virginia

How the Richmond metro compares to other major Virginia metro areas for economists.

Virginia Beach$124,780

Frequently asked questions

What is the median salary for Economists in Richmond, Virginia?: According to BLS Occupational Employment and Wage Statistics, the median annual wage for Economists in the Richmond metropolitan area is $118,610.
Does Richmond pay more than the Virginia state average for Economists?: The Richmond metro median is -19.9% versus the Virginia state median of $148,010.
How does Richmond compare to the national median for Economists?: The Richmond metro median is -0.5% versus the BLS national figure of $119,230.
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 Richmond 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.