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 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.