Business & Finance Springfield, MA Pop. 155,929

Economist Salary in Springfield, Massachusetts

The median economist salary in Springfield, MA is $119,637 per year, which is 5.0% above the national median and 26.1% below the Massachusetts state average.

City Median
$119,637
vs State Avg
$-42,158
vs National
+$5,697
Cost of Living
98%

Economist Pay in Springfield: What to Expect (2026)

Springfield offers a median economist salary of $119,637, which is $42,158 below the Massachusetts state average of $161,795. Compared to the national median of $113,940, Springfield pays above average for this role.

Springfield's cost of living is 98% 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 Springfield spans from $65,100 at the 10th percentile to $207,900 at the 90th percentile — a $142,800 spread. Entry-level professionals start around $68,250, while senior economists with 8+ years of experience can earn up to $194,250. With a population of 155,929, Springfield is a mid-sized metro with a growing job market.

Economist Salary in Springfield by Experience

In Springfield, an entry-level economist earns around $68,250, while experienced professionals earn up to $194,250 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$68,250
+$3,250 vs national
Mid Level (3-7 yrs)
$120,750
+$5,750 vs national
Senior Level (8+ yrs)
$194,250
+$9,250 vs national

Salary Percentiles in Springfield, MA

Percentile Springfield
10th Percentile $65,100
25th Percentile $86,100
Median (50th) $119,637
75th Percentile $162,750
90th Percentile $207,900

Economist Salary in Other Massachusetts Cities

How to Become a Economist in Springfield

Education

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

Find Economist Jobs in Springfield

Browse open economist positions in Springfield, MA:

Frequently Asked Questions: Economist Salary in Springfield

How much does a Economist make in Springfield, MA? ▼
The median economist salary in Springfield, Massachusetts is $119,637 per year, which is 5.0% above the national median of $113,940. Salaries range from $65,100 (10th percentile) to $207,900 (90th percentile).
How much does a Economist make per hour in Springfield? ▼
Based on the median annual salary of $119,637, a economist in Springfield earns approximately $58 per hour assuming a standard 2,080-hour work year.
How does Springfield compare to the Massachusetts state average for economist pay? ▼
Springfield's median economist salary of $119,637 is 26.1% below the Massachusetts state average of $161,795. The local cost of living index is 98% of the national average.
What is the cost of living in Springfield, MA? ▼
Springfield has a cost of living index of 98% compared to the national average. This means a economist salary of $119,637 in Springfield has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a economist in Springfield? ▼
Most economist positions in Springfield 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.