Business & Finance Madison, WI
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Economist Salary in Madison, Wisconsin
The median economist salary in Madison, WI is $113,940 per year, which is 0.0% above the national median and 8.7% above the Wisconsin state average.
City Median
$113,940
vs State Avg
+$9,115
vs National
+$0
Cost of Living
100%
Economist Salary in Madison by Experience
In Madison, an entry-level economist earns around $65,000, while experienced professionals earn up to $185,000 per year. The local cost of living index is 100% of the national average.
Entry Level (0-2 yrs)
$65,000
+$0 vs national
Mid Level (3-7 yrs)
$115,000
+$0 vs national
Senior Level (8+ yrs)
$185,000
+$0 vs national
Salary Percentiles in Madison, WI
| Percentile | Madison |
|---|---|
| 10th Percentile | $62,000 |
| 25th Percentile | $82,000 |
| Median (50th) | $113,940 |
| 75th Percentile | $155,000 |
| 90th Percentile | $198,000 |
Economist Salary in Other Wisconsin Cities
How to Become a Economist in Madison
Education
Most economist positions require a master's degree. Madison and the surrounding Wisconsin 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 Madison may vary based on local industry and population growth.