Business & Finance Elizabeth, NJ Pop. 137,298

Economist Salary in Elizabeth, New Jersey

The median economist salary in Elizabeth, NJ is $132,170 per year, which is 16.0% above the national median and 5.7% below the New Jersey state average.

City Median
$132,170
vs State Avg
$-7,976
vs National
+$18,230
Cost of Living
108%

Economist Pay in Elizabeth: What to Expect (2026)

Elizabeth offers a median economist salary of $132,170, which is $7,976 below the New Jersey state average of $140,146. Compared to the national median of $113,940, Elizabeth pays above average for this role.

Elizabeth's cost of living is 108% 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 Elizabeth spans from $71,920 at the 10th percentile to $229,680 at the 90th percentile — a $157,760 spread. Entry-level professionals start around $75,400, while senior economists with 8+ years of experience can earn up to $214,600. With a population of 137,298, Elizabeth is a mid-sized metro with a growing job market.

Economist Salary in Elizabeth by Experience

In Elizabeth, an entry-level economist earns around $75,400, while experienced professionals earn up to $214,600 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$75,400
+$10,400 vs national
Mid Level (3-7 yrs)
$133,400
+$18,400 vs national
Senior Level (8+ yrs)
$214,600
+$29,600 vs national

Salary Percentiles in Elizabeth, NJ

Percentile Elizabeth
10th Percentile $71,920
25th Percentile $95,120
Median (50th) $132,170
75th Percentile $179,800
90th Percentile $229,680

Economist Salary in Other New Jersey Cities

How to Become a Economist in Elizabeth

Education

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

Find Economist Jobs in Elizabeth

Browse open economist positions in Elizabeth, NJ:

Frequently Asked Questions: Economist Salary in Elizabeth

How much does a Economist make in Elizabeth, NJ? ▼
The median economist salary in Elizabeth, New Jersey is $132,170 per year, which is 16.0% above the national median of $113,940. Salaries range from $71,920 (10th percentile) to $229,680 (90th percentile).
How much does a Economist make per hour in Elizabeth? ▼
Based on the median annual salary of $132,170, a economist in Elizabeth earns approximately $64 per hour assuming a standard 2,080-hour work year.
How does Elizabeth compare to the New Jersey state average for economist pay? ▼
Elizabeth's median economist salary of $132,170 is 5.7% below the New Jersey state average of $140,146. The local cost of living index is 108% of the national average.
What is the cost of living in Elizabeth, NJ? ▼
Elizabeth has a cost of living index of 108% compared to the national average. This means a economist salary of $132,170 in Elizabeth has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a economist in Elizabeth? ▼
Most economist positions in Elizabeth 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.