Business & Finance Rhode Island (RI) Rank #13 of 50

Economist Salary in Rhode Island

The median economist salary in Rhode Island is $121,916 per year, which is 7.0% above the national median of $113,940.

Median Salary
$121,916
vs National
+$7,976
State Rank
#13 of 50
Cost of Living
105%

Economist Salary Overview in Rhode Island (2026)

Rhode Island ranks #13 out of 50 states for economist compensation. Rhode Island falls in the middle of the pack for economist pay, offering salaries near the national average. At $121,916 per year, economists in Rhode Island earn $7,976 more than the national median of $113,940.

Rhode Island's cost of living is near the national average at 105%, meaning economist salaries here translate closely to their face value in purchasing power.

The salary spread in Rhode Island is significant: economists at the 10th percentile earn $66,340, while those at the 90th percentile bring home $211,860 — a $145,520 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Rhode Island for this role is Providence, where the median reaches $125,334.

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 Rhode Island by Experience

In Rhode Island, an entry-level economist earns around $69,550, while experienced professionals earn up to $197,950 per year. The cost of living index in Rhode Island is 105% of the national average.

Entry Level (0-2 yrs)
$69,550
+$4,550 vs national
Mid Level (3-7 yrs)
$123,050
+$8,050 vs national
Senior Level (8+ yrs)
$197,950
+$12,950 vs national

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Salary Percentiles in Rhode Island

Percentile RI Salary
10th Percentile $66,340
25th Percentile $87,740
Median (50th) $121,916
75th Percentile $165,850
90th Percentile $211,860

Economist Salary by City in Rhode Island

The largest employment areas for economists in Rhode Island include Providence, Warwick, Cranston, and Pawtucket. Salaries vary by city based on local cost of living and demand.

How to Become a Economist in Rhode Island

Education

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

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook in Rhode Island

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

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Frequently Asked Questions: Economist Salary in Rhode Island

How much does a Economist make in Rhode Island? ▼
The median economist salary in Rhode Island is $121,916 per year, which is 7.0% above the national median of $113,940. Salaries range from $66,340 (10th percentile) to $211,860 (90th percentile).
How much does a Economist make per hour in Rhode Island? ▼
Based on the median annual salary of $121,916, a economist in Rhode Island earns approximately $59 per hour assuming a standard 2,080-hour work year.
Is Rhode Island a good state for economists? ▼
Rhode Island ranks #13 out of 50 states for economist pay. The cost of living index is 105% of the national average. Entry-level economists earn $69,550, while senior professionals earn $197,950.
How does Rhode Island compare to other states for economist salary? ▼
The highest paying state for economists is Hawaii at $193,698. Rhode Island's median of $121,916 ranks #13 nationally. Nearby-ranked states include Virginia ($124,195) and New Hampshire ($121,916).
What is the entry-level economist salary in Rhode Island? ▼
An entry-level economist in Rhode Island earns approximately $69,550 per year. With 3-7 years of experience, pay increases to around $123,050. Senior-level professionals with 8+ years earn up to $197,950.
What city in Rhode Island pays economists the most? ▼
Providence is the highest paying city in Rhode Island for economists, with a median salary of $125,334. Other cities include Warwick and Cranston.