Business & Finance Washington (WA) Rank #9 of 50

Economist Salary in Washington

The median economist salary in Washington is $131,031 per year, which is 15.0% above the national median of $113,940.

Median Salary
$131,031
vs National
+$17,091
State Rank
#9 of 50
Cost of Living
115%

Economist Salary Overview in Washington (2026)

Washington ranks #9 out of 50 states for economist compensation. This places Washington in the top tier nationally, making it one of the best states for economists seeking high pay. At $131,031 per year, economists in Washington earn $17,091 more than the national median of $113,940.

It's worth noting that Washington's cost of living is 115% of the national average, which reduces the real purchasing power of the $131,031 salary. After adjusting for cost of living, the effective salary is closer to $113,940.

The salary spread in Washington is significant: economists at the 10th percentile earn $71,300, while those at the 90th percentile bring home $227,700 — a $156,400 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Washington for this role is Bellevue, where the median reaches $173,189.

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 Washington by Experience

In Washington, an entry-level economist earns around $74,750, while experienced professionals earn up to $212,750 per year. The cost of living index in Washington is 115% of the national average.

Entry Level (0-2 yrs)
$74,750
+$9,750 vs national
Mid Level (3-7 yrs)
$132,250
+$17,250 vs national
Senior Level (8+ yrs)
$212,750
+$27,750 vs national

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Salary Percentiles in Washington

Percentile WA Salary
10th Percentile $71,300
25th Percentile $94,300
Median (50th) $131,031
75th Percentile $178,250
90th Percentile $227,700

Economist Salary by City in Washington

The largest employment areas for economists in Washington include Seattle, Spokane, Tacoma, and Bellevue. Salaries vary by city based on local cost of living and demand.

How to Become a Economist in Washington

Education

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

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook in Washington

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

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Frequently Asked Questions: Economist Salary in Washington

How much does a Economist make in Washington? ▼
The median economist salary in Washington is $131,031 per year, which is 15.0% above the national median of $113,940. Salaries range from $71,300 (10th percentile) to $227,700 (90th percentile).
How much does a Economist make per hour in Washington? ▼
Based on the median annual salary of $131,031, a economist in Washington earns approximately $63 per hour assuming a standard 2,080-hour work year.
Is Washington a good state for economists? ▼
Washington ranks #9 out of 50 states for economist pay. The cost of living index is 115% of the national average. Entry-level economists earn $74,750, while senior professionals earn $212,750.
How does Washington compare to other states for economist salary? ▼
The highest paying state for economists is Hawaii at $193,698. Washington's median of $131,031 ranks #9 nationally. Nearby-ranked states include Connecticut ($136,728) and Maryland ($131,031).
What is the entry-level economist salary in Washington? ▼
An entry-level economist in Washington earns approximately $74,750 per year. With 3-7 years of experience, pay increases to around $132,250. Senior-level professionals with 8+ years earn up to $212,750.
What city in Washington pays economists the most? ▼
Bellevue is the highest paying city in Washington for economists, with a median salary of $173,189. Other cities include Seattle and Spokane.