Business & Finance Bloomington, MN Pop. 89,987

Economist Salary in Bloomington, Minnesota

The median economist salary in Bloomington, MN is $118,498 per year, which is 4.0% above the national median and 5.1% above the Minnesota state average.

City Median
$118,498
vs State Avg
+$5,697
vs National
+$4,558
Cost of Living
102%

Economist Pay in Bloomington: What to Expect (2026)

Bloomington offers a median economist salary of $118,498, which is $5,697 above the Minnesota state average of $112,801. Compared to the national median of $113,940, Bloomington pays above average for this role.

Bloomington's cost of living is 102% 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 Bloomington spans from $64,480 at the 10th percentile to $205,920 at the 90th percentile — a $141,440 spread. Entry-level professionals start around $67,600, while senior economists with 8+ years of experience can earn up to $192,400. Bloomington is a smaller market (pop. 89,987), which may mean fewer openings but also less competition for available positions.

Economist Salary in Bloomington by Experience

In Bloomington, an entry-level economist earns around $67,600, while experienced professionals earn up to $192,400 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$67,600
+$2,600 vs national
Mid Level (3-7 yrs)
$119,600
+$4,600 vs national
Senior Level (8+ yrs)
$192,400
+$7,400 vs national

Salary Percentiles in Bloomington, MN

Percentile Bloomington
10th Percentile $64,480
25th Percentile $85,280
Median (50th) $118,498
75th Percentile $161,200
90th Percentile $205,920

Economist Salary in Other Minnesota Cities

How to Become a Economist in Bloomington

Education

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

Find Economist Jobs in Bloomington

Browse open economist positions in Bloomington, MN:

Frequently Asked Questions: Economist Salary in Bloomington

How much does a Economist make in Bloomington, MN? ▼
The median economist salary in Bloomington, Minnesota is $118,498 per year, which is 4.0% above the national median of $113,940. Salaries range from $64,480 (10th percentile) to $205,920 (90th percentile).
How much does a Economist make per hour in Bloomington? ▼
Based on the median annual salary of $118,498, a economist in Bloomington earns approximately $57 per hour assuming a standard 2,080-hour work year.
How does Bloomington compare to the Minnesota state average for economist pay? ▼
Bloomington's median economist salary of $118,498 is 5.1% above the Minnesota state average of $112,801. The local cost of living index is 102% of the national average.
What is the cost of living in Bloomington, MN? ▼
Bloomington has a cost of living index of 102% compared to the national average. This means a economist salary of $118,498 in Bloomington has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a economist in Bloomington? ▼
Most economist positions in Bloomington 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.