Business & Finance Chicago, IL
Pop. 2,693,976
Economist Salary in Chicago, Illinois
The median economist salary in Chicago, IL is $128,752 per year, which is 13.0% above the national median and 11.9% above the Illinois state average.
City Median
$128,752
vs State Avg
+$13,673
vs National
+$14,812
Cost of Living
107%
Economist Salary in Chicago by Experience
In Chicago, an entry-level economist earns around $73,450, while experienced professionals earn up to $209,050 per year. The local cost of living index is 107% of the national average.
Entry Level (0-2 yrs)
$73,450
+$8,450 vs national
Mid Level (3-7 yrs)
$129,950
+$14,950 vs national
Senior Level (8+ yrs)
$209,050
+$24,050 vs national
Salary Percentiles in Chicago, IL
| Percentile | Chicago |
|---|---|
| 10th Percentile | $70,060 |
| 25th Percentile | $92,660 |
| Median (50th) | $128,752 |
| 75th Percentile | $175,150 |
| 90th Percentile | $223,740 |
Economist Salary in Other Illinois Cities
How to Become a Economist in Chicago
Education
Most economist positions require a master's degree. Chicago and the surrounding Illinois 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 Chicago may vary based on local industry and population growth.