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.
Economist Pay in Chicago: What to Expect (2026)
Chicago offers a median economist salary of $128,752, which is $13,673 above the Illinois state average of $115,079. Compared to the national median of $113,940, Chicago pays above average for this role.
Chicago's cost of living is 107% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for economists in Chicago spans from $70,060 at the 10th percentile to $223,740 at the 90th percentile — a $153,680 spread. Entry-level professionals start around $73,450, while senior economists with 8+ years of experience can earn up to $209,050. As a major metro area with a population of 2,693,976, Chicago typically offers more job opportunities and employer competition, which can drive salaries higher.
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.
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
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.
Find Economist Jobs in Chicago
Browse open economist positions in Chicago, IL: