Business & Finance Newark, NJ
Pop. 311,549
Economist Salary in Newark, New Jersey
The median economist salary in Newark, NJ is $136,728 per year, which is 20.0% above the national median and 2.4% below the New Jersey state average.
City Median
$136,728
vs State Avg
$-3,418
vs National
+$22,788
Cost of Living
112%
Economist Salary in Newark by Experience
In Newark, an entry-level economist earns around $78,000, while experienced professionals earn up to $222,000 per year. The local cost of living index is 112% of the national average.
Entry Level (0-2 yrs)
$78,000
+$13,000 vs national
Mid Level (3-7 yrs)
$138,000
+$23,000 vs national
Senior Level (8+ yrs)
$222,000
+$37,000 vs national
Salary Percentiles in Newark, NJ
| Percentile | Newark |
|---|---|
| 10th Percentile | $74,400 |
| 25th Percentile | $98,400 |
| Median (50th) | $136,728 |
| 75th Percentile | $186,000 |
| 90th Percentile | $237,600 |
Economist Salary in Other New Jersey Cities
How to Become a Economist in Newark
Education
Most economist positions require a master's degree. Newark 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 Newark may vary based on local industry and population growth.