Business & Finance Tennessee (TN) Rank #41 of 50

Economist Salary in Tennessee

The median economist salary in Tennessee is $101,407 per year, which is 11% below the national median of $113,940.

Median Salary
$101,407
vs National
$-12,533
State Rank
#41 of 50
Cost of Living
89%

Economist Salary Overview in Tennessee (2026)

Tennessee ranks #41 out of 50 states for economist compensation. Economist salaries in Tennessee are below the national median, though the lower cost of living can offset the difference. At $101,407 per year, economists in Tennessee earn $12,533 less than the national median of $113,940.

A key advantage of working in Tennessee is its below-average cost of living (89% of the national index). This means the $101,407 salary has the purchasing power of roughly $113,940 in an average-cost area.

The salary spread in Tennessee is significant: economists at the 10th percentile earn $55,180, while those at the 90th percentile bring home $176,220 — a $121,040 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Tennessee for this role is Nashville, where the median reaches $113,940.

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 Tennessee by Experience

In Tennessee, an entry-level economist earns around $57,850, while experienced professionals earn up to $164,650 per year. The cost of living index in Tennessee is 89% of the national average.

Entry Level (0-2 yrs)
$57,850
$-7,150 vs national
Mid Level (3-7 yrs)
$102,350
$-12,650 vs national
Senior Level (8+ yrs)
$164,650
$-20,350 vs national

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Salary Percentiles in Tennessee

Percentile TN Salary
10th Percentile $55,180
25th Percentile $72,980
Median (50th) $101,407
75th Percentile $137,950
90th Percentile $176,220

Economist Salary by City in Tennessee

The largest employment areas for economists in Tennessee include Nashville, Memphis, Knoxville, and Chattanooga. Salaries vary by city based on local cost of living and demand.

How to Become a Economist in Tennessee

Education

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

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook in Tennessee

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

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Frequently Asked Questions: Economist Salary in Tennessee

How much does a Economist make in Tennessee? ▼
The median economist salary in Tennessee is $101,407 per year, which is 11% below the national median of $113,940. Salaries range from $55,180 (10th percentile) to $176,220 (90th percentile).
How much does a Economist make per hour in Tennessee? ▼
Based on the median annual salary of $101,407, a economist in Tennessee earns approximately $49 per hour assuming a standard 2,080-hour work year.
Is Tennessee a good state for economists? ▼
Tennessee ranks #41 out of 50 states for economist pay. The cost of living index is 89% of the national average. Entry-level economists earn $57,850, while senior professionals earn $164,650.
How does Tennessee compare to other states for economist salary? ▼
The highest paying state for economists is Hawaii at $193,698. Tennessee's median of $101,407 ranks #41 nationally. Nearby-ranked states include Iowa ($101,407) and South Carolina ($101,407).
What is the entry-level economist salary in Tennessee? ▼
An entry-level economist in Tennessee earns approximately $57,850 per year. With 3-7 years of experience, pay increases to around $102,350. Senior-level professionals with 8+ years earn up to $164,650.
What city in Tennessee pays economists the most? ▼
Nashville is the highest paying city in Tennessee for economists, with a median salary of $113,940. Other cities include Memphis and Knoxville.