Business & Finance New York (NY) Rank #4 of 50

Economist Salary in New York

The median economist salary in New York is $152,680 per year, which is 34.0% above the national median of $113,940.

Median Salary
$152,680
vs National
+$38,740
State Rank
#4 of 50
Cost of Living
122%

Economist Salary Overview in New York (2026)

New York ranks #4 out of 50 states for economist compensation. This places New York in the top tier nationally, making it one of the best states for economists seeking high pay. At $152,680 per year, economists in New York earn $38,740 more than the national median of $113,940.

It's worth noting that New York's cost of living is 122% of the national average, which reduces the real purchasing power of the $152,680 salary. After adjusting for cost of living, the effective salary is closer to $125,148.

The salary spread in New York is significant: economists at the 10th percentile earn $83,080, while those at the 90th percentile bring home $265,320 — a $182,240 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in New York for this role is New York City, where the median reaches $226,741.

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 York by Experience

In New York, an entry-level economist earns around $87,100, while experienced professionals earn up to $247,900 per year. The cost of living index in New York is 122% of the national average.

Entry Level (0-2 yrs)
$87,100
+$22,100 vs national
Mid Level (3-7 yrs)
$154,100
+$39,100 vs national
Senior Level (8+ yrs)
$247,900
+$62,900 vs national

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Salary Percentiles in New York

Percentile NY Salary
10th Percentile $83,080
25th Percentile $109,880
Median (50th) $152,680
75th Percentile $207,700
90th Percentile $265,320

Economist Salary by City in New York

The largest employment areas for economists in New York include New York City, Buffalo, Rochester, and Yonkers. Salaries vary by city based on local cost of living and demand.

How to Become a Economist in New York

Education

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

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook in New York

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

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Frequently Asked Questions: Economist Salary in New York

How much does a Economist make in New York? ▼
The median economist salary in New York is $152,680 per year, which is 34.0% above the national median of $113,940. Salaries range from $83,080 (10th percentile) to $265,320 (90th percentile).
How much does a Economist make per hour in New York? ▼
Based on the median annual salary of $152,680, a economist in New York earns approximately $73 per hour assuming a standard 2,080-hour work year.
Is New York a good state for economists? ▼
New York ranks #4 out of 50 states for economist pay. The cost of living index is 122% of the national average. Entry-level economists earn $87,100, while senior professionals earn $247,900.
How does New York compare to other states for economist salary? ▼
The highest paying state for economists is Hawaii at $193,698. New York's median of $152,680 ranks #4 nationally. Nearby-ranked states include Massachusetts ($161,795) and California ($157,237).
What is the entry-level economist salary in New York? ▼
An entry-level economist in New York earns approximately $87,100 per year. With 3-7 years of experience, pay increases to around $154,100. Senior-level professionals with 8+ years earn up to $247,900.
What city in New York pays economists the most? ▼
New York City is the highest paying city in New York for economists, with a median salary of $226,741. Other cities include Buffalo and Rochester.