Business & Finance Rockford, IL
Pop. 148,655
Economist Salary in Rockford, Illinois
The median economist salary in Rockford, IL is $100,267 per year, which is 12% below the national median and 12.9% below the Illinois state average.
City Median
$100,267
vs State Avg
$-14,812
vs National
$-13,673
Cost of Living
82%
Economist Salary in Rockford by Experience
In Rockford, an entry-level economist earns around $57,200, while experienced professionals earn up to $162,800 per year. The local cost of living index is 82% of the national average.
Entry Level (0-2 yrs)
$57,200
$-7,800 vs national
Mid Level (3-7 yrs)
$101,200
$-13,800 vs national
Senior Level (8+ yrs)
$162,800
$-22,200 vs national
Salary Percentiles in Rockford, IL
| Percentile | Rockford |
|---|---|
| 10th Percentile | $54,560 |
| 25th Percentile | $72,160 |
| Median (50th) | $100,267 |
| 75th Percentile | $136,400 |
| 90th Percentile | $174,240 |
Economist Salary in Other Illinois Cities
How to Become a Economist in Rockford
Education
Most economist positions require a master's degree. Rockford 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 Rockford may vary based on local industry and population growth.