Business & Finance Buffalo, NY Pop. 278,349

Economist Salary in Buffalo, New York

The median economist salary in Buffalo, NY is $118,498 per year, which is 4.0% above the national median and 22.4% below the New York state average.

City Median
$118,498
vs State Avg
$-34,182
vs National
+$4,558
Cost of Living
92%

Economist Pay in Buffalo: What to Expect (2026)

Buffalo offers a median economist salary of $118,498, which is $34,182 below the New York state average of $152,680. Compared to the national median of $113,940, Buffalo pays above average for this role.

Buffalo's cost of living is 92% 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 Buffalo spans from $64,480 at the 10th percentile to $205,920 at the 90th percentile — a $141,440 spread. Entry-level professionals start around $67,600, while senior economists with 8+ years of experience can earn up to $192,400. With a population of 278,349, Buffalo is a mid-sized metro with a growing job market.

Economist Salary in Buffalo by Experience

In Buffalo, an entry-level economist earns around $67,600, while experienced professionals earn up to $192,400 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$67,600
+$2,600 vs national
Mid Level (3-7 yrs)
$119,600
+$4,600 vs national
Senior Level (8+ yrs)
$192,400
+$7,400 vs national

Salary Percentiles in Buffalo, NY

Percentile Buffalo
10th Percentile $64,480
25th Percentile $85,280
Median (50th) $118,498
75th Percentile $161,200
90th Percentile $205,920

Economist Salary in Other New York Cities

How to Become a Economist in Buffalo

Education

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

Find Economist Jobs in Buffalo

Browse open economist positions in Buffalo, NY:

Frequently Asked Questions: Economist Salary in Buffalo

How much does a Economist make in Buffalo, NY? ▼
The median economist salary in Buffalo, New York is $118,498 per year, which is 4.0% above the national median of $113,940. Salaries range from $64,480 (10th percentile) to $205,920 (90th percentile).
How much does a Economist make per hour in Buffalo? ▼
Based on the median annual salary of $118,498, a economist in Buffalo earns approximately $57 per hour assuming a standard 2,080-hour work year.
How does Buffalo compare to the New York state average for economist pay? ▼
Buffalo's median economist salary of $118,498 is 22.4% below the New York state average of $152,680. The local cost of living index is 92% of the national average.
What is the cost of living in Buffalo, NY? ▼
Buffalo has a cost of living index of 92% compared to the national average. This means a economist salary of $118,498 in Buffalo has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a economist in Buffalo? ▼
Most economist positions in Buffalo 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.