Business & Finance Minnesota (MN) Rank #19 of 50

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.

Median Salary
$112,801
vs National
$-1,139
State Rank
#19 of 50
Cost of Living
97%

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.

Entry Level (0-2 yrs)
$64,350
$-650 vs national
Mid Level (3-7 yrs)
$113,850
$-1,150 vs national
Senior Level (8+ yrs)
$183,150
$-1,850 vs national

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

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

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.