Business & Finance New Jersey (NJ) Rank #6 of 50

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.

Median Salary
$140,146
vs National
+$26,206
State Rank
#6 of 50
Cost of Living
115%

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.

Entry Level (0-2 yrs)
$79,950
+$14,950 vs national
Mid Level (3-7 yrs)
$141,450
+$26,450 vs national
Senior Level (8+ yrs)
$227,550
+$42,550 vs national

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

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

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.