Business & Finance Montana (MT) Rank #26 of 50

Economist Salary in Montana

The median economist salary in Montana is $108,243 per year, which is 5% below the national median of $113,940.

Median Salary
$108,243
vs National
$-5,697
State Rank
#26 of 50
Cost of Living
95%

Economist Salary Overview in Montana (2026)

Montana ranks #26 out of 50 states for economist compensation. Economist salaries in Montana are below the national median, though the higher cost of living makes this gap more significant. At $108,243 per year, economists in Montana earn $5,697 less than the national median of $113,940.

Montana's cost of living is near the national average at 95%, meaning economist salaries here translate closely to their face value in purchasing power.

The salary spread in Montana is significant: economists at the 10th percentile earn $58,900, while those at the 90th percentile bring home $188,100 — a $129,200 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Montana for this role is Bozeman, where the median reaches $131,031.

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 Montana by Experience

In Montana, an entry-level economist earns around $61,750, while experienced professionals earn up to $175,750 per year. The cost of living index in Montana is 95% of the national average.

Entry Level (0-2 yrs)
$61,750
$-3,250 vs national
Mid Level (3-7 yrs)
$109,250
$-5,750 vs national
Senior Level (8+ yrs)
$175,750
$-9,250 vs national

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Salary Percentiles in Montana

Percentile MT Salary
10th Percentile $58,900
25th Percentile $77,900
Median (50th) $108,243
75th Percentile $147,250
90th Percentile $188,100

Economist Salary by City in Montana

The largest employment areas for economists in Montana include Billings, Missoula, Great Falls, and Bozeman. Salaries vary by city based on local cost of living and demand.

How to Become a Economist in Montana

Education

Most economist positions require a master's degree. Montana has several accredited institutions offering relevant programs.

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook in Montana

Nationally, economist employment is projected to grow 6% over the next decade (faster than average). Montana's demand may vary based on local industry trends.

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Frequently Asked Questions: Economist Salary in Montana

How much does a Economist make in Montana? ▼
The median economist salary in Montana is $108,243 per year, which is 5% below the national median of $113,940. Salaries range from $58,900 (10th percentile) to $188,100 (90th percentile).
How much does a Economist make per hour in Montana? ▼
Based on the median annual salary of $108,243, a economist in Montana earns approximately $52 per hour assuming a standard 2,080-hour work year.
Is Montana a good state for economists? ▼
Montana ranks #26 out of 50 states for economist pay. The cost of living index is 95% of the national average. Entry-level economists earn $61,750, while senior professionals earn $175,750.
How does Montana compare to other states for economist salary? ▼
The highest paying state for economists is Hawaii at $193,698. Montana's median of $108,243 ranks #26 nationally. Nearby-ranked states include Utah ($110,522) and Georgia ($108,243).
What is the entry-level economist salary in Montana? ▼
An entry-level economist in Montana earns approximately $61,750 per year. With 3-7 years of experience, pay increases to around $109,250. Senior-level professionals with 8+ years earn up to $175,750.
What city in Montana pays economists the most? ▼
Bozeman is the highest paying city in Montana for economists, with a median salary of $131,031. Other cities include Billings and Missoula.