Business & Finance Baltimore, MD Pop. 585,708

Economist Salary in Baltimore, Maryland

The median economist salary in Baltimore, MD is $128,752 per year, which is 13.0% above the national median and 1.7% below the Maryland state average.

City Median
$128,752
vs State Avg
$-2,279
vs National
+$14,812
Cost of Living
108%

Economist Pay in Baltimore: What to Expect (2026)

Baltimore offers a median economist salary of $128,752, which is $2,279 below the Maryland state average of $131,031. Compared to the national median of $113,940, Baltimore pays above average for this role.

Baltimore's cost of living is 108% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for economists in Baltimore spans from $70,060 at the 10th percentile to $223,740 at the 90th percentile — a $153,680 spread. Entry-level professionals start around $73,450, while senior economists with 8+ years of experience can earn up to $209,050. As a major metro area with a population of 585,708, Baltimore typically offers more job opportunities and employer competition, which can drive salaries higher.

Economist Salary in Baltimore by Experience

In Baltimore, an entry-level economist earns around $73,450, while experienced professionals earn up to $209,050 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$73,450
+$8,450 vs national
Mid Level (3-7 yrs)
$129,950
+$14,950 vs national
Senior Level (8+ yrs)
$209,050
+$24,050 vs national

Salary Percentiles in Baltimore, MD

Percentile Baltimore
10th Percentile $70,060
25th Percentile $92,660
Median (50th) $128,752
75th Percentile $175,150
90th Percentile $223,740

Economist Salary in Other Maryland Cities

How to Become a Economist in Baltimore

Education

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

Find Economist Jobs in Baltimore

Browse open economist positions in Baltimore, MD:

Frequently Asked Questions: Economist Salary in Baltimore

How much does a Economist make in Baltimore, MD? ▼
The median economist salary in Baltimore, Maryland is $128,752 per year, which is 13.0% above the national median of $113,940. Salaries range from $70,060 (10th percentile) to $223,740 (90th percentile).
How much does a Economist make per hour in Baltimore? ▼
Based on the median annual salary of $128,752, a economist in Baltimore earns approximately $62 per hour assuming a standard 2,080-hour work year.
How does Baltimore compare to the Maryland state average for economist pay? ▼
Baltimore's median economist salary of $128,752 is 1.7% below the Maryland state average of $131,031. The local cost of living index is 108% of the national average.
What is the cost of living in Baltimore, MD? ▼
Baltimore has a cost of living index of 108% compared to the national average. This means a economist salary of $128,752 in Baltimore has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a economist in Baltimore? ▼
Most economist positions in Baltimore 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.