Business & Finance Maine (ME) Rank #21 of 50

Economist Salary in Maine

The median economist salary in Maine is $111,661 per year, which is 2% below the national median of $113,940.

Median Salary
$111,661
vs National
$-2,279
State Rank
#21 of 50
Cost of Living
98%

Economist Salary Overview in Maine (2026)

Maine ranks #21 out of 50 states for economist compensation. Maine falls in the middle of the pack for economist pay, offering salaries near the national average. At $111,661 per year, economists in Maine earn $2,279 less than the national median of $113,940.

Maine's cost of living is near the national average at 98%, meaning economist salaries here translate closely to their face value in purchasing power.

The salary spread in Maine is significant: economists at the 10th percentile earn $60,760, while those at the 90th percentile bring home $194,040 — a $133,280 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Maine for this role is Portland, where the median reaches $123,055.

Nationally, economist employment is projected to grow 6% over the next decade (faster than average). This steady growth indicates stable demand for economists across the country.

Economist Salary in Maine by Experience

In Maine, an entry-level economist earns around $63,700, while experienced professionals earn up to $181,300 per year. The cost of living index in Maine is 98% of the national average.

Entry Level (0-2 yrs)
$63,700
$-1,300 vs national
Mid Level (3-7 yrs)
$112,700
$-2,300 vs national
Senior Level (8+ yrs)
$181,300
$-3,700 vs national

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Salary Percentiles in Maine

Percentile ME Salary
10th Percentile $60,760
25th Percentile $80,360
Median (50th) $111,661
75th Percentile $151,900
90th Percentile $194,040

Economist Salary by City in Maine

The largest employment areas for economists in Maine include Portland, Lewiston, Bangor, and South Portland. Salaries vary by city based on local cost of living and demand.

How to Become a Economist in Maine

Education

Most economist positions require a master's degree. Maine has several accredited institutions offering relevant programs.

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook in Maine

Nationally, economist employment is projected to grow 6% over the next decade (faster than average). Maine's demand may vary based on local industry trends.

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Frequently Asked Questions: Economist Salary in Maine

How much does a Economist make in Maine? ▼
The median economist salary in Maine is $111,661 per year, which is 2% below the national median of $113,940. Salaries range from $60,760 (10th percentile) to $194,040 (90th percentile).
How much does a Economist make per hour in Maine? ▼
Based on the median annual salary of $111,661, a economist in Maine earns approximately $54 per hour assuming a standard 2,080-hour work year.
Is Maine a good state for economists? ▼
Maine ranks #21 out of 50 states for economist pay. The cost of living index is 98% of the national average. Entry-level economists earn $63,700, while senior professionals earn $181,300.
How does Maine compare to other states for economist salary? ▼
The highest paying state for economists is Hawaii at $193,698. Maine's median of $111,661 ranks #21 nationally. Nearby-ranked states include Minnesota ($112,801) and Florida ($111,661).
What is the entry-level economist salary in Maine? ▼
An entry-level economist in Maine earns approximately $63,700 per year. With 3-7 years of experience, pay increases to around $112,700. Senior-level professionals with 8+ years earn up to $181,300.
What city in Maine pays economists the most? ▼
Portland is the highest paying city in Maine for economists, with a median salary of $123,055. Other cities include Lewiston and Bangor.