Economist Salary in New Jersey
The median economist salary in New Jersey is $140,146 per year, which is 23.0% above the national median of $113,940.
Economist Salary Overview in New Jersey (2026)
New Jersey ranks #6 out of 50 states for economist compensation. This places New Jersey in the top tier nationally, making it one of the best states for economists seeking high pay. At $140,146 per year, economists in New Jersey earn $26,206 more than the national median of $113,940.
It's worth noting that New Jersey's cost of living is 115% of the national average, which reduces the real purchasing power of the $140,146 salary. After adjusting for cost of living, the effective salary is closer to $121,866.
The salary spread in New Jersey is significant: economists at the 10th percentile earn $76,260, while those at the 90th percentile bring home $243,540 — a $167,280 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in New Jersey for this role is Jersey City, where the median reaches $154,958.
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 New Jersey by Experience
In New Jersey, an entry-level economist earns around $79,950, while experienced professionals earn up to $227,550 per year. The cost of living index in New Jersey is 115% of the national average.
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View Offers You Qualify For →Salary Percentiles in New Jersey
| Percentile | NJ Salary |
|---|---|
| 10th Percentile | $76,260 |
| 25th Percentile | $100,860 |
| Median (50th) | $140,146 |
| 75th Percentile | $190,650 |
| 90th Percentile | $243,540 |
Economist Salary by City in New Jersey
The largest employment areas for economists in New Jersey include Newark, Jersey City, Paterson, and Elizabeth. Salaries vary by city based on local cost of living and demand.
How to Become a Economist in New Jersey
Education
Most economist positions require a master's degree. New Jersey has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in New Jersey
Nationally, economist employment is projected to grow 6% over the next decade (faster than average). New Jersey's demand may vary based on local industry trends.
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Data shows Economists who negotiate earn 7–15% more. A single negotiation could add $87,404 over your career trajectory.
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