Economists Salary in Minnesota
According to the latest U.S. Bureau of Labor Statistics data, the median annual wage for Economists in Minnesota is $105,120. BLS estimates approximately 500 people work in this occupation in Minnesota. Minnesota is 15.7% below the national median ($124,720).
Salary Distribution
Not everyone earns the median. Percentile wages show the range of pay within this occupation.
| Percentile | Annual wage | Hourly wage |
|---|---|---|
| 10th percentile | $58,380 | $28.07 |
| 25th percentile | $63,980 | $30.76 |
| Median (50th) | $105,120 | $50.54 |
| 75th percentile | $142,460 | $68.49 |
| 90th percentile | $197,870 | $95.13 |
Data Reliability
BLS OEWS is a survey, not a full census — every estimate carries a margin of error. The relative standard error (RSE) below is BLS’s own measure of how much an estimate could vary; lower is more precise.
- Wage estimate
- RSE 16.2% — Use with caution
- Employment estimate
- RSE 43.8% — Low reliability
Where Does Your Salary Fall?
Enter an annual salary to see roughly where it falls among reported wages for this occupation, based on the percentile points above.
Concentration
- Jobs per 1,000
- 0.169
- Location quotient
- 1.48
Cost-of-Living Adjusted Salary
Minnesota’s regional price level is below the national average (index 98.621, where 100 = U.S. average). Adjusted for that, the median salary has the purchasing power of $106,590 at the national price level.
This is a Career Atlas USA calculation based on BLS wage data and BEA Regional Price Parities. It is not a separate BLS wage estimate. Wage data: May 2025. Cost-of-living data: 2024.
Opportunity Score
A Career Atlas USA score combining cost-adjusted salary, job density, concentration and employment availability, ranked against every other state for this career. How we calculate this score →
Sources
Wage data: BLS Occupational Employment and Wage Statistics (OEWS) — May 2025 (release 25).
Figures shown as “Not available” reflect wages the source does not publish (e.g. suppressed for reliability), not zero.