Business & Finance Wisconsin (WI) Rank #32 of 50

Economist Salary in Wisconsin

The median economist salary in Wisconsin is $104,825 per year, which is 8% below the national median of $113,940.

Median Salary
$104,825
vs National
$-9,115
State Rank
#32 of 50
Cost of Living
92%

Economist Salary Overview in Wisconsin (2026)

Wisconsin ranks #32 out of 50 states for economist compensation. Economist salaries in Wisconsin are below the national median, though the lower cost of living can offset the difference. At $104,825 per year, economists in Wisconsin earn $9,115 less than the national median of $113,940.

A key advantage of working in Wisconsin is its below-average cost of living (92% of the national index). This means the $104,825 salary has the purchasing power of roughly $113,940 in an average-cost area.

The salary spread in Wisconsin is significant: economists at the 10th percentile earn $57,040, while those at the 90th percentile bring home $182,160 — a $125,120 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Wisconsin for this role is Madison, 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 Wisconsin by Experience

In Wisconsin, an entry-level economist earns around $59,800, while experienced professionals earn up to $170,200 per year. The cost of living index in Wisconsin is 92% of the national average.

Entry Level (0-2 yrs)
$59,800
$-5,200 vs national
Mid Level (3-7 yrs)
$105,800
$-9,200 vs national
Senior Level (8+ yrs)
$170,200
$-14,800 vs national

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Salary Percentiles in Wisconsin

Percentile WI Salary
10th Percentile $57,040
25th Percentile $75,440
Median (50th) $104,825
75th Percentile $142,600
90th Percentile $182,160

Economist Salary by City in Wisconsin

The largest employment areas for economists in Wisconsin include Milwaukee, Madison, Green Bay, and Kenosha. Salaries vary by city based on local cost of living and demand.

How to Become a Economist in Wisconsin

Education

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

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook in Wisconsin

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

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Frequently Asked Questions: Economist Salary in Wisconsin

How much does a Economist make in Wisconsin? ▼
The median economist salary in Wisconsin is $104,825 per year, which is 8% below the national median of $113,940. Salaries range from $57,040 (10th percentile) to $182,160 (90th percentile).
How much does a Economist make per hour in Wisconsin? ▼
Based on the median annual salary of $104,825, a economist in Wisconsin earns approximately $50 per hour assuming a standard 2,080-hour work year.
Is Wisconsin a good state for economists? ▼
Wisconsin ranks #32 out of 50 states for economist pay. The cost of living index is 92% of the national average. Entry-level economists earn $59,800, while senior professionals earn $170,200.
How does Wisconsin compare to other states for economist salary? ▼
The highest paying state for economists is Hawaii at $193,698. Wisconsin's median of $104,825 ranks #32 nationally. Nearby-ranked states include Nebraska ($104,825) and Texas ($104,825).
What is the entry-level economist salary in Wisconsin? ▼
An entry-level economist in Wisconsin earns approximately $59,800 per year. With 3-7 years of experience, pay increases to around $105,800. Senior-level professionals with 8+ years earn up to $170,200.
What city in Wisconsin pays economists the most? ▼
Madison is the highest paying city in Wisconsin for economists, with a median salary of $113,940. Other cities include Milwaukee and Green Bay.