Business & Finance Montgomery, AL Pop. 200,603

Economist Salary in Montgomery, Alabama

The median economist salary in Montgomery, AL is $97,988 per year, which is 14% below the national median and 1.2% below the Alabama state average.

City Median
$97,988
vs State Avg
$-1,140
vs National
$-15,952
Cost of Living
86%

Economist Pay in Montgomery: What to Expect (2026)

Montgomery offers a median economist salary of $97,988, which is $1,140 below the Alabama state average of $99,128. Compared to the national median of $113,940, Montgomery pays below the national benchmark for this role.

One of Montgomery's biggest advantages is its low cost of living at 86% of the national average. This means the $97,988 salary stretches further here — equivalent to roughly $113,940 in an average-cost city. This makes Montgomery an attractive option for economists seeking strong real-dollar compensation.

The salary range for economists in Montgomery spans from $53,320 at the 10th percentile to $170,280 at the 90th percentile — a $116,960 spread. Entry-level professionals start around $55,900, while senior economists with 8+ years of experience can earn up to $159,100. With a population of 200,603, Montgomery is a mid-sized metro with a growing job market.

Economist Salary in Montgomery by Experience

In Montgomery, an entry-level economist earns around $55,900, while experienced professionals earn up to $159,100 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$55,900
$-9,100 vs national
Mid Level (3-7 yrs)
$98,900
$-16,100 vs national
Senior Level (8+ yrs)
$159,100
$-25,900 vs national

Salary Percentiles in Montgomery, AL

Percentile Montgomery
10th Percentile $53,320
25th Percentile $70,520
Median (50th) $97,988
75th Percentile $133,300
90th Percentile $170,280

Economist Salary in Other Alabama Cities

Huntsville, AL
$104,825
Pop. 216,963
Birmingham, AL
$102,546
Pop. 197,575
Tuscaloosa, AL
$100,267
Pop. 101,129
Mobile, AL
$96,849
Pop. 187,041

How to Become a Economist in Montgomery

Education

Most economist positions require a master's degree. Montgomery and the surrounding Alabama area have institutions offering relevant programs.

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook

Nationally, economist employment is projected to grow 6% over the next decade (faster than average). Demand in Montgomery may vary based on local industry and population growth.

Find Economist Jobs in Montgomery

Browse open economist positions in Montgomery, AL:

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Frequently Asked Questions: Economist Salary in Montgomery

How much does a Economist make in Montgomery, AL? ▼
The median economist salary in Montgomery, Alabama is $97,988 per year, which is 14% below the national median of $113,940. Salaries range from $53,320 (10th percentile) to $170,280 (90th percentile).
How much does a Economist make per hour in Montgomery? ▼
Based on the median annual salary of $97,988, a economist in Montgomery earns approximately $47 per hour assuming a standard 2,080-hour work year.
How does Montgomery compare to the Alabama state average for economist pay? ▼
Montgomery's median economist salary of $97,988 is 1.2% below the Alabama state average of $99,128. The local cost of living index is 86% of the national average.
What is the cost of living in Montgomery, AL? ▼
Montgomery has a cost of living index of 86% compared to the national average. This means a economist salary of $97,988 in Montgomery has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a economist in Montgomery? ▼
Most economist positions in Montgomery require a master's degree. Key skills include Econometrics, Statistical Analysis, R/Python, Economic Modeling. The job market is projected to grow 6% nationally over the next decade.