Business & Finance Chesapeake, VA Pop. 249,422

Economist Salary in Chesapeake, Virginia

The median economist salary in Chesapeake, VA is $117,358 per year, which is 3.0% above the national median and 5.5% below the Virginia state average.

City Median
$117,358
vs State Avg
$-6,837
vs National
+$3,418
Cost of Living
98%

Economist Pay in Chesapeake: What to Expect (2026)

Chesapeake offers a median economist salary of $117,358, which is $6,837 below the Virginia state average of $124,195. Compared to the national median of $113,940, Chesapeake pays above average for this role.

Chesapeake's cost of living is 98% 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 Chesapeake spans from $63,860 at the 10th percentile to $203,940 at the 90th percentile — a $140,080 spread. Entry-level professionals start around $66,950, while senior economists with 8+ years of experience can earn up to $190,550. With a population of 249,422, Chesapeake is a mid-sized metro with a growing job market.

Economist Salary in Chesapeake by Experience

In Chesapeake, an entry-level economist earns around $66,950, while experienced professionals earn up to $190,550 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$66,950
+$1,950 vs national
Mid Level (3-7 yrs)
$118,450
+$3,450 vs national
Senior Level (8+ yrs)
$190,550
+$5,550 vs national

Salary Percentiles in Chesapeake, VA

Percentile Chesapeake
10th Percentile $63,860
25th Percentile $84,460
Median (50th) $117,358
75th Percentile $159,650
90th Percentile $203,940

Economist Salary in Other Virginia Cities

How to Become a Economist in Chesapeake

Education

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

Find Economist Jobs in Chesapeake

Browse open economist positions in Chesapeake, VA:

Frequently Asked Questions: Economist Salary in Chesapeake

How much does a Economist make in Chesapeake, VA? ▼
The median economist salary in Chesapeake, Virginia is $117,358 per year, which is 3.0% above the national median of $113,940. Salaries range from $63,860 (10th percentile) to $203,940 (90th percentile).
How much does a Economist make per hour in Chesapeake? ▼
Based on the median annual salary of $117,358, a economist in Chesapeake earns approximately $56 per hour assuming a standard 2,080-hour work year.
How does Chesapeake compare to the Virginia state average for economist pay? ▼
Chesapeake's median economist salary of $117,358 is 5.5% below the Virginia state average of $124,195. The local cost of living index is 98% of the national average.
What is the cost of living in Chesapeake, VA? ▼
Chesapeake has a cost of living index of 98% compared to the national average. This means a economist salary of $117,358 in Chesapeake has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a economist in Chesapeake? ▼
Most economist positions in Chesapeake 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.