Business & Finance Maryland (MD) Rank #8 of 50

Economist Salary in Maryland

The median economist salary in Maryland is $131,031 per year, which is 15.0% above the national median of $113,940.

Median Salary
$131,031
vs National
+$17,091
State Rank
#8 of 50
Cost of Living
110%

Economist Salary in Maryland by Experience

In Maryland, an entry-level economist earns around $74,750, while experienced professionals earn up to $212,750 per year. The cost of living index in Maryland is 110% of the national average.

Entry Level (0-2 yrs)
$74,750
+$9,750 vs national
Mid Level (3-7 yrs)
$132,250
+$17,250 vs national
Senior Level (8+ yrs)
$212,750
+$27,750 vs national

Salary Percentiles in Maryland

Percentile MD Salary
10th Percentile $71,300
25th Percentile $94,300
Median (50th) $131,031
75th Percentile $178,250
90th Percentile $227,700

Economist Salary by City in Maryland

The largest employment areas for economists in Maryland include Baltimore, Columbia, Silver Spring, and Germantown. Salaries vary by city based on local cost of living and demand.

How to Become a Economist in Maryland

Education

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

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook in Maryland

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