Business & Finance Grand Rapids, MI Pop. 198,917

Economist Salary in Grand Rapids, Michigan

The median economist salary in Grand Rapids, MI is $102,546 per year, which is 10% below the national median and 0.0% above the Michigan state average.

City Median
$102,546
vs State Avg
+$0
vs National
$-11,394
Cost of Living
90%

Economist Pay in Grand Rapids: What to Expect (2026)

Grand Rapids offers a median economist salary of $102,546, which is $0 above the Michigan state average of $102,546. Compared to the national median of $113,940, Grand Rapids pays below the national benchmark for this role.

Grand Rapids's cost of living is 90% 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 Grand Rapids spans from $55,800 at the 10th percentile to $178,200 at the 90th percentile — a $122,400 spread. Entry-level professionals start around $58,500, while senior economists with 8+ years of experience can earn up to $166,500. With a population of 198,917, Grand Rapids is a mid-sized metro with a growing job market.

Economist Salary in Grand Rapids by Experience

In Grand Rapids, an entry-level economist earns around $58,500, while experienced professionals earn up to $166,500 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$58,500
$-6,500 vs national
Mid Level (3-7 yrs)
$103,500
$-11,500 vs national
Senior Level (8+ yrs)
$166,500
$-18,500 vs national

Salary Percentiles in Grand Rapids, MI

Percentile Grand Rapids
10th Percentile $55,800
25th Percentile $73,800
Median (50th) $102,546
75th Percentile $139,500
90th Percentile $178,200

Economist Salary in Other Michigan Cities

How to Become a Economist in Grand Rapids

Education

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

Find Economist Jobs in Grand Rapids

Browse open economist positions in Grand Rapids, MI:

Frequently Asked Questions: Economist Salary in Grand Rapids

How much does a Economist make in Grand Rapids, MI? ▼
The median economist salary in Grand Rapids, Michigan is $102,546 per year, which is 10% below the national median of $113,940. Salaries range from $55,800 (10th percentile) to $178,200 (90th percentile).
How much does a Economist make per hour in Grand Rapids? ▼
Based on the median annual salary of $102,546, a economist in Grand Rapids earns approximately $49 per hour assuming a standard 2,080-hour work year.
How does Grand Rapids compare to the Michigan state average for economist pay? ▼
Grand Rapids's median economist salary of $102,546 is 0.0% above the Michigan state average of $102,546. The local cost of living index is 90% of the national average.
What is the cost of living in Grand Rapids, MI? ▼
Grand Rapids has a cost of living index of 90% compared to the national average. This means a economist salary of $102,546 in Grand Rapids has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a economist in Grand Rapids? ▼
Most economist positions in Grand Rapids 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.