Business & Finance Toledo, OH Pop. 270,871

Economist Salary in Toledo, Ohio

The median economist salary in Toledo, OH is $93,431 per year, which is 18% below the national median and 8.9% below the Ohio state average.

City Median
$93,431
vs State Avg
$-9,115
vs National
$-20,509
Cost of Living
82%

Economist Pay in Toledo: What to Expect (2026)

Toledo offers a median economist salary of $93,431, which is $9,115 below the Ohio state average of $102,546. Compared to the national median of $113,940, Toledo pays below the national benchmark for this role.

One of Toledo's biggest advantages is its low cost of living at 82% of the national average. This means the $93,431 salary stretches further here — equivalent to roughly $113,940 in an average-cost city. This makes Toledo an attractive option for economists seeking strong real-dollar compensation.

The salary range for economists in Toledo spans from $50,840 at the 10th percentile to $162,360 at the 90th percentile — a $111,520 spread. Entry-level professionals start around $53,300, while senior economists with 8+ years of experience can earn up to $151,700. With a population of 270,871, Toledo is a mid-sized metro with a growing job market.

Economist Salary in Toledo by Experience

In Toledo, an entry-level economist earns around $53,300, while experienced professionals earn up to $151,700 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$53,300
$-11,700 vs national
Mid Level (3-7 yrs)
$94,300
$-20,700 vs national
Senior Level (8+ yrs)
$151,700
$-33,300 vs national

Salary Percentiles in Toledo, OH

Percentile Toledo
10th Percentile $50,840
25th Percentile $67,240
Median (50th) $93,431
75th Percentile $127,100
90th Percentile $162,360

Economist Salary in Other Ohio Cities

How to Become a Economist in Toledo

Education

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

Find Economist Jobs in Toledo

Browse open economist positions in Toledo, OH:

Frequently Asked Questions: Economist Salary in Toledo

How much does a Economist make in Toledo, OH? ▼
The median economist salary in Toledo, Ohio is $93,431 per year, which is 18% below the national median of $113,940. Salaries range from $50,840 (10th percentile) to $162,360 (90th percentile).
How much does a Economist make per hour in Toledo? ▼
Based on the median annual salary of $93,431, a economist in Toledo earns approximately $45 per hour assuming a standard 2,080-hour work year.
How does Toledo compare to the Ohio state average for economist pay? ▼
Toledo's median economist salary of $93,431 is 8.9% below the Ohio state average of $102,546. The local cost of living index is 82% of the national average.
What is the cost of living in Toledo, OH? ▼
Toledo has a cost of living index of 82% compared to the national average. This means a economist salary of $93,431 in Toledo has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a economist in Toledo? ▼
Most economist positions in Toledo 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.