Business & Finance Richmond, VA Pop. 226,610

Economist Salary in Richmond, Virginia

The median economist salary in Richmond, VA is $119,637 per year, which is 5.0% above the national median and 3.7% below the Virginia state average.

City Median
$119,637
vs State Avg
$-4,558
vs National
+$5,697
Cost of Living
100%

Economist Salary in Richmond by Experience

In Richmond, an entry-level economist earns around $68,250, while experienced professionals earn up to $194,250 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$68,250
+$3,250 vs national
Mid Level (3-7 yrs)
$120,750
+$5,750 vs national
Senior Level (8+ yrs)
$194,250
+$9,250 vs national

Salary Percentiles in Richmond, VA

Percentile Richmond
10th Percentile $65,100
25th Percentile $86,100
Median (50th) $119,637
75th Percentile $162,750
90th Percentile $207,900

Economist Salary in Other Virginia Cities

Arlington, VA
$156,098
Pop. 238,643
Virginia Beach, VA
$121,916
Pop. 449,974
Chesapeake, VA
$117,358
Pop. 249,422
Norfolk, VA
$115,079
Pop. 238,005

How to Become a Economist in Richmond

Education

Most economist positions require a master's degree. Richmond 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 Richmond may vary based on local industry and population growth.