Maryland Median
$144,680
per year
Hourly Rate
$69.56
based on 2,080 hrs/yr
vs National
+16% vs US median
US median $124,720
State Rank
#4 of 40
1,130 employed here
How much does an Economist make in Maryland?
An Economist working in Maryland earns a median salary of $144,680 per year, or about $69.56 per hour. That is 16% above the national median of $124,720 for this occupation.
Within Maryland, entry-level pay starts around $93,710 while the top 10% make $195,190 or more. The middle 50% of earners fall between $118,460 and $178,780 a year.
Economist salary range in Maryland
| Pay level | Annual salary | Hourly rate | |
|---|
| 10th percentile (entry level) | $93,710 | $45.05 |
|
| 25th percentile (early career) | $118,460 | $56.95 |
|
| 50th percentile (median) | $144,680 | $69.56 |
|
| 75th percentile (experienced) | $178,780 | $85.95 |
|
| 90th percentile (top earners) | $195,190 | $93.84 |
|
How Maryland compares
Maryland ranks 4th out of 40 states and territories for Economist pay. The top 5 best-paying states:
Economist salary in other states
District of Columbia $167,590New Jersey $167,550Delaware $159,120Kansas $138,790Virginia $137,590New York $136,660North Carolina $136,150Idaho $131,270Alabama $129,960Georgia $122,570Oregon $122,120Texas $121,420Colorado $121,410Ohio $120,000California $119,410Tennessee $117,650Missouri $117,010Pennsylvania $115,000Alaska $111,040Washington $109,300Massachusetts $106,380Michigan $106,350Minnesota $105,120Florida $102,430Connecticut $101,400Iowa $96,310Arkansas $91,560Maine $91,480Nevada $91,340Oklahoma $89,980Montana $89,340New Hampshire $86,130Wisconsin $84,000Hawaii $83,050Indiana $80,750Arizona $79,610Nebraska $75,880Louisiana $73,050Kentucky $71,400
Working as an Economist in Maryland
Nationally, about 18,000 people work as Economists in the United States. A master's degree (usually 5 to 6 years of college) is typically required.
Considering a move? Compare Maryland pay ($144,680) against the highest-paying state above, and weigh the difference against housing and everyday costs — a smaller paycheck in a cheaper state can stretch further.
Frequently asked questions
How much does an Economist make in Maryland?
The median Economist salary in Maryland is $144,680 per year, or about $69.56 per hour, per official BLS state wage estimates. Salaries typically range from $93,710 at the entry level to $195,190 for the top 10% of earners.
How does Maryland pay compare to the national average?
Maryland pays Economists about 16% more than the national median of $124,720. Maryland ranks 4th out of 40 states and territories reporting this occupation.
Is Maryland a good state for Economists?
Yes on pay — Maryland pays above the national median for this occupation, at $144,680 a year. About 1,130 Economists are employed in Maryland. Weigh that against local housing and living costs before moving.
What are the highest-paying jobs in Maryland?
The highest-paying occupations in Maryland include Radiologist ($581,510), Emergency Medicine Physician ($451,620), Dermatologist ($442,210), based on median annual pay in official BLS state estimates.
← See the national Economist salary report
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Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), Unknown vintage. Education requirements: O*NET (U.S. Department of Labor). State figures are official BLS state-level wage estimates. Where BLS suppresses a state percentile, it is scaled from the official national distribution. Individual pay varies by employer, metro area, and experience.