Business & Finance Rochester, MN
Pop. 121,395
Economist Salary in Rochester, Minnesota
The median economist salary in Rochester, MN is $113,940 per year, which is 0.0% above the national median and 1.0% above the Minnesota state average.
City Median
$113,940
vs State Avg
+$1,139
vs National
+$0
Cost of Living
98%
Economist Salary in Rochester by Experience
In Rochester, an entry-level economist earns around $65,000, while experienced professionals earn up to $185,000 per year. The local cost of living index is 98% of the national average.
Entry Level (0-2 yrs)
$65,000
+$0 vs national
Mid Level (3-7 yrs)
$115,000
+$0 vs national
Senior Level (8+ yrs)
$185,000
+$0 vs national
Salary Percentiles in Rochester, MN
| Percentile | Rochester |
|---|---|
| 10th Percentile | $62,000 |
| 25th Percentile | $82,000 |
| Median (50th) | $113,940 |
| 75th Percentile | $155,000 |
| 90th Percentile | $198,000 |
Economist Salary in Other Minnesota Cities
How to Become a Economist in Rochester
Education
Most economist positions require a master's degree. Rochester 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 Rochester may vary based on local industry and population growth.