Business & Finance Massachusetts (MA) Rank #2 of 50

Economist Salary in Massachusetts

The median economist salary in Massachusetts is $161,795 per year, which is 42.0% above the national median of $113,940.

Median Salary
$161,795
vs National
+$47,855
State Rank
#2 of 50
Cost of Living
135%

Economist Salary Overview in Massachusetts (2026)

Massachusetts ranks #2 out of 50 states for economist compensation. This places Massachusetts in the top tier nationally, making it one of the best states for economists seeking high pay. At $161,795 per year, economists in Massachusetts earn $47,855 more than the national median of $113,940.

It's worth noting that Massachusetts's cost of living is 135% of the national average, which reduces the real purchasing power of the $161,795 salary. After adjusting for cost of living, the effective salary is closer to $119,848.

The salary spread in Massachusetts is significant: economists at the 10th percentile earn $88,040, while those at the 90th percentile bring home $281,160 — a $193,120 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Massachusetts for this role is Cambridge, where the median reaches $190,280.

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 Massachusetts by Experience

In Massachusetts, an entry-level economist earns around $92,300, while experienced professionals earn up to $262,700 per year. The cost of living index in Massachusetts is 135% of the national average.

Entry Level (0-2 yrs)
$92,300
+$27,300 vs national
Mid Level (3-7 yrs)
$163,300
+$48,300 vs national
Senior Level (8+ yrs)
$262,700
+$77,700 vs national

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Salary Percentiles in Massachusetts

Percentile MA Salary
10th Percentile $88,040
25th Percentile $116,440
Median (50th) $161,795
75th Percentile $220,100
90th Percentile $281,160

Economist Salary by City in Massachusetts

The largest employment areas for economists in Massachusetts include Boston, Worcester, Springfield, and Cambridge. Salaries vary by city based on local cost of living and demand.

How to Become a Economist in Massachusetts

Education

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

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook in Massachusetts

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

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Frequently Asked Questions: Economist Salary in Massachusetts

How much does a Economist make in Massachusetts? ▼
The median economist salary in Massachusetts is $161,795 per year, which is 42.0% above the national median of $113,940. Salaries range from $88,040 (10th percentile) to $281,160 (90th percentile).
How much does a Economist make per hour in Massachusetts? ▼
Based on the median annual salary of $161,795, a economist in Massachusetts earns approximately $78 per hour assuming a standard 2,080-hour work year.
Is Massachusetts a good state for economists? ▼
Massachusetts ranks #2 out of 50 states for economist pay. The cost of living index is 135% of the national average. Entry-level economists earn $92,300, while senior professionals earn $262,700.
How does Massachusetts compare to other states for economist salary? ▼
The highest paying state for economists is Hawaii at $193,698. Massachusetts's median of $161,795 ranks #2 nationally. Nearby-ranked states include Hawaii ($193,698) and California ($157,237).
What is the entry-level economist salary in Massachusetts? ▼
An entry-level economist in Massachusetts earns approximately $92,300 per year. With 3-7 years of experience, pay increases to around $163,300. Senior-level professionals with 8+ years earn up to $262,700.
What city in Massachusetts pays economists the most? ▼
Cambridge is the highest paying city in Massachusetts for economists, with a median salary of $190,280. Other cities include Boston and Worcester.