Business & Finance Springfield, IL
Pop. 114,394
Economist Salary in Springfield, Illinois
The median economist salary in Springfield, IL is $103,685 per year, which is 9% below the national median and 9.9% below the Illinois state average.
City Median
$103,685
vs State Avg
$-11,394
vs National
$-10,255
Cost of Living
85%
Economist Salary in Springfield by Experience
In Springfield, an entry-level economist earns around $59,150, while experienced professionals earn up to $168,350 per year. The local cost of living index is 85% of the national average.
Entry Level (0-2 yrs)
$59,150
$-5,850 vs national
Mid Level (3-7 yrs)
$104,650
$-10,350 vs national
Senior Level (8+ yrs)
$168,350
$-16,650 vs national
Salary Percentiles in Springfield, IL
| Percentile | Springfield |
|---|---|
| 10th Percentile | $56,420 |
| 25th Percentile | $74,620 |
| Median (50th) | $103,685 |
| 75th Percentile | $141,050 |
| 90th Percentile | $180,180 |
Economist Salary in Other Illinois Cities
How to Become a Economist in Springfield
Education
Most economist positions require a master's degree. Springfield 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 Springfield may vary based on local industry and population growth.