Economist Salary in Illinois
The median economist salary in Illinois is $115,079 per year, which is 1.0% above the national median of $113,940.
Economist Salary Overview in Illinois (2026)
Illinois ranks #16 out of 50 states for economist compensation. Illinois falls in the middle of the pack for economist pay, offering salaries near the national average. At $115,079 per year, economists in Illinois earn $1,139 more than the national median of $113,940.
Illinois's cost of living is near the national average at 95%, meaning economist salaries here translate closely to their face value in purchasing power.
The salary spread in Illinois is significant: economists at the 10th percentile earn $62,620, while those at the 90th percentile bring home $199,980 — a $137,360 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Illinois for this role is Naperville, where the median reaches $129,892.
Nationally, economist employment is projected to grow 6% over the next decade (faster than average). This steady growth indicates stable demand for economists across the country.
Economist Salary in Illinois by Experience
In Illinois, an entry-level economist earns around $65,650, while experienced professionals earn up to $186,850 per year. The cost of living index in Illinois is 95% of the national average.
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View Offers You Qualify For →Salary Percentiles in Illinois
| Percentile | IL Salary |
|---|---|
| 10th Percentile | $62,620 |
| 25th Percentile | $82,820 |
| Median (50th) | $115,079 |
| 75th Percentile | $156,550 |
| 90th Percentile | $199,980 |
Economist Salary by City in Illinois
The largest employment areas for economists in Illinois include Chicago, Aurora, Naperville, and Rockford. Salaries vary by city based on local cost of living and demand.
How to Become a Economist in Illinois
Education
Most economist positions require a master's degree. Illinois has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Illinois
Nationally, economist employment is projected to grow 6% over the next decade (faster than average). Illinois's demand may vary based on local industry trends.
Negotiate Your Way to Senior Pay
Data shows Economists who negotiate earn 7–15% more. A single negotiation could add $71,771 over your career trajectory.
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