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Working as an Economic Development Specialist

There is more than meets the eye when it comes to being an economic development specialist. For example, did you know that they make an average of $29.12 an hour? That's $60,568 a year!

Between 2018 and 2028, the career is expected to grow 9% and produce 28,900 job opportunities across the U.S.

What Does an Economic Development Specialist Do

There are certain skills that many economic development specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, speaking skills and writing skills.

When it comes to the most important skills required to be an economic development specialist, we found that a lot of resumes listed 9.9% of economic development specialists included economic development, while 9.5% of resumes included medicaid, and 6.5% of resumes included public assistance programs. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the economic development specialist job title. But what industry to start with? Most economic development specialists actually find jobs in the non profits and finance industries.

How To Become an Economic Development Specialist

If you're interested in becoming an economic development specialist, one of the first things to consider is how much education you need. We've determined that 45.3% of economic development specialists have a bachelor's degree. In terms of higher education levels, we found that 25.5% of economic development specialists have master's degrees. Even though most economic development specialists have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an economic development specialist. When we researched the most common majors for an economic development specialist, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on economic development specialist resumes include associate degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become an economic development specialist. In fact, many economic development specialist jobs require experience in a role such as customer service representative. Meanwhile, many economic development specialists also have previous career experience in roles such as administrative assistant or internship.

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Average Salary$60,568
Job Growth Rate9%

Economic Development Specialist Jobs

Economic Development Specialist Career Paths

Top Careers Before Economic Development Specialist

Top Careers After Economic Development Specialist

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Average Salary for an Economic Development Specialist

Economic Development Specialists in America make an average salary of $60,568 per year or $29 per hour. The top 10 percent makes over $98,000 per year, while the bottom 10 percent under $37,000 per year.
Average Salary
$60,568

Best Paying Cities

Average Salary
Salary Range44k - 88k$63k$62,713
Salary Range43k - 85k$61k$60,756
Salary Range41k - 84k$59k$59,118
Salary Range42k - 79k$58k$58,196
Salary Range38k - 74k$54k$53,728
Salary Range38k - 74k$53k$53,398
$25k
$88k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Senior Economic Development Specialist
Senior Economic Development Specialist
City of Lakewood
City of Lakewood
08/18/2020
08/18/2020
$62,75408/18/2020
$62,754
Housing and Economic Development Specialist I/II #20A)
Housing and Economic Development Specialist I/II #20A)
City of Redwood City, Ca
City of Redwood City, Ca
08/15/2020
08/15/2020
$86,84408/15/2020
$86,844
Community and Economic Development Specialist
Community and Economic Development Specialist
Travis County Texas
Travis County Texas
06/11/2020
06/11/2020
$51,93406/11/2020
$51,934
Arc Community Economic Development Specialist
Arc Community Economic Development Specialist
State of North Carolina
State of North Carolina
04/28/2020
04/28/2020
$39,61104/28/2020
$39,611
Economic Development Specialist IV-Oahu
Economic Development Specialist IV-Oahu
State of Hawaii
State of Hawaii
03/29/2020
03/29/2020
$52,95603/29/2020
$52,956
See More Recent Salaries

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Economic Development Specialist Demographics

Gender

female

64.4%

male

28.7%

unknown

7.0%

Ethnicity

White

67.3%

Hispanic or Latino

11.9%

Black or African American

10.4%

Foreign Languages Spoken

Spanish

60.4%

French

16.2%

Russian

4.5%
See More Demographics

Economic Development Specialist Education

Majors

Degrees

Bachelors

45.3%

Masters

25.5%

Associate

14.1%

Top Colleges for Economic Development Specialists

1. Northwestern University

Evanston, IL

Tuition and fees
$54,568
Enrollment
8,451

2. San Diego State University

San Diego, CA

Tuition and fees
$7,488
Enrollment
30,018

3. University of Pennsylvania

Philadelphia, PA

Tuition and fees
$55,584
Enrollment
10,764

4. Boston University

Boston, MA

Tuition and fees
$53,948
Enrollment
17,238

5. California State University - Long Beach

Long Beach, CA

Tuition and fees
$6,798
Enrollment
31,503

6. University of North Carolina at Chapel Hill

Chapel Hill, NC

Tuition and fees
$8,987
Enrollment
18,946

7. Pennsylvania State University

University Park, PA

Tuition and fees
$18,454
Enrollment
40,108

8. Harvard University

Cambridge, MA

Tuition and fees
$50,420
Enrollment
7,582

9. California State University - Dominguez Hills

Carson, CA

Tuition and fees
$6,942
Enrollment
13,871

10. SUNY at Albany

Albany, NY

Tuition and fees
$10,011
Enrollment
13,434
See More Education Info

Entry Level Jobs For Becoming An Economic Development Specialist

Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For an Economic Development Specialist

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 9.9% of economic development specialists listed economic development on their resume, but soft skills such as analytical skills and speaking skills are important as well.

Best States For an Economic Development Specialist

Some places are better than others when it comes to starting a career as an economic development specialist. The best states for people in this position are Connecticut, West Virginia, Delaware, and New Hampshire. Economic development specialists make the most in Connecticut with an average salary of $68,144. Whereas in West Virginia and Delaware, they would average $67,157 and $66,785, respectively. While economic development specialists would only make an average of $65,537 in New Hampshire, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New Hampshire

Total Economic Development Specialist Jobs:
33
Highest 10% Earn:
$129,000
Location Quotient:
1.26
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Rhode Island

Total Economic Development Specialist Jobs:
24
Highest 10% Earn:
$123,000
Location Quotient:
1.61
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Delaware

Total Economic Development Specialist Jobs:
15
Highest 10% Earn:
$126,000
Location Quotient:
1.09
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Economic Development Specialist Employers

1. Peace Corps
4.7
Avg. Salary: 
$43,309
Economic Development Specialists Hired: 
17+
2. City of San Antonio
4.4
Avg. Salary: 
$41,458
Economic Development Specialists Hired: 
4+
3. National Council of La RAZA
3.9
Avg. Salary: 
$57,279
Economic Development Specialists Hired: 
4+
4. City of St. Louis
3.9
Avg. Salary: 
$39,601
Economic Development Specialists Hired: 
3+
5. WUVT-FM
4.8
Avg. Salary: 
$38,617
Economic Development Specialists Hired: 
3+
6. City of Rochester NY
4.4
Avg. Salary: 
$39,707
Economic Development Specialists Hired: 
3+

Recently Added Economic Development Specialist Jobs

Updated October 2, 2020