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Economic consultant salary
Average economic consultant salary
$81,767
Understanding Economic Consultant Salaries
The role of an economic consultant involves conducting research and analysis to guide businesses and governments in decision-making. According to recent data, the average salary for an economic consultant in the United States is approximately $81,767 annually, translating to about $39 per hour. This figure can change based on factors such as experience level, geographic location, and the specific industry in which one works.
Salary by Experience Level
Entry-level economic consultants typically earn less, with salaries starting around $60,000. As professionals gain experience, they can expect their salaries to increase significantly, often exceeding $100,000 for those with several years of experience or advanced degrees.
Highest Paying States
Economic consultants in states like California, New York, and Texas tend to earn higher salaries, reflecting the cost of living and demand for expertise in these regions. Understanding regional salary differences can help job seekers target their applications effectively.
Job Opportunities
With a growing demand for economic analysis, opportunities for economic consultants are expanding. Many firms seek skilled professionals to provide insights into market trends, policy impacts, and business strategies. Explore job openings today to find the right fit for your skills and career goals.
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Where can an Economic Consultant earn more?
Economic consultant salaries by experience level
Economic consultant salary estimates from across the web
Average economic consultant salary by state
The average economic consultant salary in Massachusetts, New York, and New Jersey are the highest in the U.S. The lowest average economic consultant salary states are Montana, New Mexico, and Wyoming.
- State view
- County view
Highest paying states for economic consultants
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $127,947 | $61.51 |
| 2 | Massachusetts | $119,285 | $57.35 |
| 3 | Rhode Island | $95,450 | $45.89 |
| 4 | New York | $116,127 | $55.83 |
| 5 | New Jersey | $98,861 | $47.53 |
| 6 | Pennsylvania | $95,520 | $45.92 |
| 7 | Illinois | $91,543 | $44.01 |
| 8 | Texas | $96,267 | $46.28 |
| 9 | Delaware | $93,362 | $44.89 |
| 10 | Connecticut | $90,637 | $43.58 |
| 11 | North Carolina | $87,540 | $42.09 |
| 12 | Virginia | $90,592 | $43.55 |
| 13 | Washington | $95,704 | $46.01 |
| 14 | Alabama | $79,847 | $38.39 |
| 15 | Maryland | $97,068 | $46.67 |
| 16 | Oregon | $78,631 | $37.80 |
| 17 | New Hampshire | $79,616 | $38.28 |
| 18 | Michigan | $83,626 | $40.20 |
| 19 | Vermont | $78,214 | $37.60 |
| 20 | Wisconsin | $83,006 | $39.91 |
| 21 | Oklahoma | $74,210 | $35.68 |
| 22 | California | $86,085 | $41.39 |
| 23 | Ohio | $78,865 | $37.92 |
| 24 | Maine | $81,847 | $39.35 |
| 25 | South Dakota | $71,802 | $34.52 |
| 26 | Iowa | $78,016 | $37.51 |
| 27 | Georgia | $77,582 | $37.30 |
| 28 | Arizona | $74,473 | $35.80 |
| 29 | Minnesota | $74,010 | $35.58 |
| 30 | South Carolina | $77,238 | $37.13 |
| 31 | Utah | $69,166 | $33.25 |
| 32 | Kentucky | $74,538 | $35.84 |
| 33 | Alaska | $80,893 | $38.89 |
| 34 | West Virginia | $72,562 | $34.89 |
| 35 | Missouri | $72,410 | $34.81 |
| 36 | Tennessee | $72,735 | $34.97 |
| 37 | Louisiana | $75,151 | $36.13 |
| 38 | Colorado | $76,945 | $36.99 |
| 39 | Mississippi | $66,054 | $31.76 |
| 40 | Nevada | $69,653 | $33.49 |
| 41 | Indiana | $72,517 | $34.86 |
| 42 | Kansas | $69,726 | $33.52 |
| 43 | Montana | $64,896 | $31.20 |
| 44 | Idaho | $68,137 | $32.76 |
| 45 | Hawaii | $60,845 | $29.25 |
| 46 | Wyoming | $62,350 | $29.98 |
| 47 | Nebraska | $67,135 | $32.28 |
| 48 | Florida | $65,284 | $31.39 |
| 49 | New Mexico | $63,239 | $30.40 |
| 50 | North Dakota | $58,687 | $28.21 |
| 51 | Arkansas | $60,824 | $29.24 |
Highest paying cities for economic consultants
The highest-paying cities for economic consultants are Washington, DC, Boston, MA, and New York, NY.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington, DC | $127,998 | $61.54 |
| 2 | Boston, MA | $119,087 | $57.25 |
| 3 | New York, NY | $116,450 | $55.99 |
| 4 | Baltimore, MD | $97,309 | $46.78 |
| 5 | San Antonio, TX | $97,127 | $46.70 |
| 6 | Philadelphia, PA | $96,369 | $46.33 |
| 7 | Everett, WA | $96,362 | $46.33 |
| 8 | Chicago, IL | $92,123 | $44.29 |
| 9 | McLean, VA | $91,388 | $43.94 |
| 10 | San Francisco, CA | $91,264 | $43.88 |
| 11 | Shelton, CT | $90,705 | $43.61 |
| 12 | Raleigh, NC | $89,514 | $43.04 |
| 13 | Detroit, MI | $84,264 | $40.51 |
| 14 | Portland, OR | $77,980 | $37.49 |
| 15 | Colorado Springs, CO | $77,759 | $37.38 |
| 16 | Atlanta, GA | $77,567 | $37.29 |
| 17 | Metairie, LA | $75,117 | $36.11 |
| 18 | Phoenix, AZ | $74,604 | $35.87 |
| 19 | Minneapolis, MN | $73,947 | $35.55 |
| 20 | Las Vegas, NV | $69,329 | $33.33 |
Economic consultant salary details
An economic consultant's salary ranges from $55,000 a year at the 10th percentile to $121,000 at the 90th percentile.
What is an economic consultant's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $121,000 | $10,083 | $58 |
| 75th Percentile | $100,000 | $8,333 | $48 |
| Average | $81,767 | $6,814 | $39 |
| 25th Percentile | $66,000 | $5,500 | $32 |
| 10th Percentile | $55,000 | $4,583 | $26 |
Highest paying economic consultant jobs
The highest paying types of economic consultants are senior management consultant, strategy consultant, and manager and consultant.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Analyst | $73,007 | $6,084 | $35.10 | 253,138 |
| Data Analyst | $74,342 | $6,195 | $35.74 | 167,520 |
| Business Analyst-Consultant | $90,127 | $7,511 | $43.33 | 166,560 |
| Small Business Consultant | $47,982 | $3,999 | $23.07 | 116,476 |
| Strategy Consultant | $115,244 | $9,604 | $55.41 | 70,241 |
| Program Management Consultant | $101,157 | $8,430 | $48.63 | 177,578 |
Top companies hiring economic consultants now:
Which companies pay economic consultants the most?
Economic consultant salaries at Bates White, LLC and Robins Kaplan Miller & Ciresi L.L.P. Are the highest-paying according to our most recent salary estimates. In addition, the average economic consultant salary at companies like Bank of America and FTI Consulting are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Bates White, LLC | $121,084 | $58.21 |
| 2 | Robins Kaplan Miller & Ciresi L.L.P. | $116,024 | $55.78 |
| 3 | Bank of America | $107,329 | $51.60 |
| 4 | FTI Consulting | $102,459 | $49.26 |
| 5 | Berkeley Research Group | $101,052 | $48.58 |
| 6 | Highmark | $94,620 | $45.49 |
| 7 | DFS Corporate Services LLC | $93,990 | $45.19 |
| 8 | Unitedheath Group | $90,889 | $43.70 |
| 9 | Meteor Creative | $89,684 | $43.12 |
| 10 | 3M Company | $89,673 | $43.11 |
| 11 | Deloitte | $88,083 | $42.35 |
| 12 | London Economics | $84,916 | $40.83 |
| 13 | Central Coast Agriculture | $84,845 | $40.79 |
| 14 | The Marsh | $84,438 | $40.60 |
| 15 | StoneTurn | $82,864 | $39.84 |
| 16 | Wsp USA Buildings Inc. | $81,085 | $38.98 |
| 17 | Optum | $76,465 | $36.76 |
| 18 | Guidehouse | $76,021 | $36.55 |
| 19 | Americorps | $73,956 | $35.56 |
| 20 | Apria Healthcare | $71,628 | $34.44 |
Wage gap by gender, race and education
Economic Consultant salary by industry
The average economic consultant salary varies across industries:
- The average economic consultant salary in the professional industry is $101,775, the highest of any industry.
- The average economic consultant salary in the finance industry is $89,773.
- Economic consultants in the insurance industry earn an average salary of $66,597, the lowest of any industry.
Highest paying industries for economic consultants
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Professional | $101,775 | $48.93 |
| 2 | Finance | $89,773 | $43.16 |
| 3 | Health Care | $87,356 | $42.00 |
| 4 | Insurance | $66,597 | $32.02 |
High paying economic consultant jobs
Economic consultant salary trends
The average economic consultant salary has risen by $8,554 over the last ten years. In 2014, the average economic consultant earned $73,213 annually, but today, they earn $81,767 a year. That works out to a 8% change in pay for economic consultants over the last decade.
Compare economic consultant salaries for cities or states with the national average over time.
Average economic consultant salary over time
Compare economic consultant salaries for individual cities or states with the national average.
Economic consultant salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $81,800 | $39.31 | +2.7% |
| 2025 | $79,500 | $38.23 | +1.9% |
| 2024 | $78,000 | $37.49 | +1.4% |
| 2023 | $76,900 | $36.97 | +1.4% |
| 2022 | $75,900 | $36.47 | +0.0% |
Recently added economic consultant salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Medtronic Inc. | Regional Reimbursement Economic Consultant/Crdn-West Region | Seattle, WA | 06/13/2025 | $164,000 |
| Horizon Blue | Medical Economics Consultant | Newark, NJ | 06/09/2025 | $96,300 |
| Molina Healthcare | Consultant, Medical Economics | Des Moines, IA | 05/21/2025 | $80,412 |
| Molina Healthcare | Consultant, Medical Economics | Jacksonville, FL | 05/21/2025 | $80,412 |
| Molina Healthcare | Consultant, Medical Economics | Omaha, NE | 05/21/2025 | $80,412 |
| Molina Healthcare | Consultant, Medical Economics | Milwaukee, WI | 05/21/2025 | $80,412 |
| Molina Healthcare | Consultant, Medical Economics | Bowling Green, KY | 05/21/2025 | $80,412 |
| Molina Healthcare | Consultant, Medical Economics | Atlanta, GA | 05/21/2025 | $80,412 |
| Molina Healthcare | Consultant, Medical Economics | Buffalo, NY | 05/21/2025 | $80,412 |
| Molina Healthcare | Consultant, Medical Economics | Phoenix, AZ | 05/21/2025 | $80,412 |
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