Economist Salary in Minnesota
The median economist salary in Minnesota is $112,801 per year, which is 1% below the national median of $113,940.
Economist Salary Overview in Minnesota (2026)
Minnesota ranks #19 out of 50 states for economist compensation. Minnesota falls in the middle of the pack for economist pay, offering salaries near the national average. At $112,801 per year, economists in Minnesota earn $1,139 less than the national median of $113,940.
Minnesota's cost of living is near the national average at 97%, meaning economist salaries here translate closely to their face value in purchasing power.
The salary spread in Minnesota is significant: economists at the 10th percentile earn $61,380, while those at the 90th percentile bring home $196,020 — a $134,640 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Minnesota for this role is Minneapolis, where the median reaches $121,916.
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 Minnesota by Experience
In Minnesota, an entry-level economist earns around $64,350, while experienced professionals earn up to $183,150 per year. The cost of living index in Minnesota is 97% of the national average.
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View Offers You Qualify For →Salary Percentiles in Minnesota
| Percentile | MN Salary |
|---|---|
| 10th Percentile | $61,380 |
| 25th Percentile | $81,180 |
| Median (50th) | $112,801 |
| 75th Percentile | $153,450 |
| 90th Percentile | $196,020 |
Economist Salary by City in Minnesota
The largest employment areas for economists in Minnesota include Minneapolis, Saint Paul, Rochester, and Duluth. Salaries vary by city based on local cost of living and demand.
How to Become a Economist in Minnesota
Education
Most economist positions require a master's degree. Minnesota has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Minnesota
Nationally, economist employment is projected to grow 6% over the next decade (faster than average). Minnesota's demand may vary based on local industry trends.
Negotiate Your Way to Senior Pay
Data shows Economists who negotiate earn 7–15% more. A single negotiation could add $70,349 over your career trajectory.
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