Business & Finance Silver Spring, MD Pop. 81,015

Economist Salary in Silver Spring, Maryland

The median economist salary in Silver Spring, MD is $144,704 per year, which is 27.0% above the national median and 10.4% above the Maryland state average.

City Median
$144,704
vs State Avg
+$13,673
vs National
+$30,764
Cost of Living
122%

Economist Salary in Silver Spring by Experience

In Silver Spring, an entry-level economist earns around $82,550, while experienced professionals earn up to $234,950 per year. The local cost of living index is 122% of the national average.

Entry Level (0-2 yrs)
$82,550
+$17,550 vs national
Mid Level (3-7 yrs)
$146,050
+$31,050 vs national
Senior Level (8+ yrs)
$234,950
+$49,950 vs national

Salary Percentiles in Silver Spring, MD

Percentile Silver Spring
10th Percentile $78,740
25th Percentile $104,140
Median (50th) $144,704
75th Percentile $196,850
90th Percentile $251,460

Economist Salary in Other Maryland Cities

Columbia, MD
$140,146
Pop. 104,681
Germantown, MD
$136,728
Pop. 90,676
Baltimore, MD
$128,752
Pop. 585,708
Waldorf, MD
$125,334
Pop. 77,000

How to Become a Economist in Silver Spring

Education

Most economist positions require a master's degree. Silver Spring 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 Silver Spring may vary based on local industry and population growth.