Business & Finance Covington, KY Pop. 40,961

Economist Salary in Covington, Kentucky

The median economist salary in Covington, KY is $100,267 per year, which is 12% below the national median and 1.1% above the Kentucky state average.

City Median
$100,267
vs State Avg
+$1,139
vs National
$-13,673
Cost of Living
88%

Economist Pay in Covington: What to Expect (2026)

Covington offers a median economist salary of $100,267, which is $1,139 above the Kentucky state average of $99,128. Compared to the national median of $113,940, Covington pays below the national benchmark for this role.

One of Covington's biggest advantages is its low cost of living at 88% of the national average. This means the $100,267 salary stretches further here — equivalent to roughly $113,940 in an average-cost city. This makes Covington an attractive option for economists seeking strong real-dollar compensation.

The salary range for economists in Covington spans from $54,560 at the 10th percentile to $174,240 at the 90th percentile — a $119,680 spread. Entry-level professionals start around $57,200, while senior economists with 8+ years of experience can earn up to $162,800. Covington is a smaller market (pop. 40,961), which may mean fewer openings but also less competition for available positions.

Economist Salary in Covington by Experience

In Covington, 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 88% 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 Covington, KY

Percentile Covington
10th Percentile $54,560
25th Percentile $72,160
Median (50th) $100,267
75th Percentile $136,400
90th Percentile $174,240

Economist Salary in Other Kentucky Cities

Lexington, KY
$105,964
Pop. 322,570
Louisville, KY
$104,825
Pop. 633,045
Bowling Green, KY
$95,710
Pop. 74,735
Owensboro, KY
$93,431
Pop. 60,183

How to Become a Economist in Covington

Education

Most economist positions require a master's degree. Covington and the surrounding Kentucky 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 Covington may vary based on local industry and population growth.

Find Economist Jobs in Covington

Browse open economist positions in Covington, KY:

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Frequently Asked Questions: Economist Salary in Covington

How much does a Economist make in Covington, KY? ▼
The median economist salary in Covington, Kentucky is $100,267 per year, which is 12% below the national median of $113,940. Salaries range from $54,560 (10th percentile) to $174,240 (90th percentile).
How much does a Economist make per hour in Covington? ▼
Based on the median annual salary of $100,267, a economist in Covington earns approximately $48 per hour assuming a standard 2,080-hour work year.
How does Covington compare to the Kentucky state average for economist pay? ▼
Covington's median economist salary of $100,267 is 1.1% above the Kentucky state average of $99,128. The local cost of living index is 88% of the national average.
What is the cost of living in Covington, KY? ▼
Covington has a cost of living index of 88% compared to the national average. This means a economist salary of $100,267 in Covington has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a economist in Covington? ▼
Most economist positions in Covington require a master's degree. Key skills include Econometrics, Statistical Analysis, R/Python, Economic Modeling. The job market is projected to grow 6% nationally over the next decade.