New Jersey Median
$167,550
per year
Hourly Rate
$80.55
based on 2,080 hrs/yr
vs National
+34% vs US median
US median $124,720
State Rank
#2 of 40
280 employed here
How much does an Economist make in New Jersey?
Economists in New Jersey take home a median of $167,550 annually — roughly $80.55 an hour — which runs 34% above the national median of $124,720.
Within New Jersey, entry-level pay starts around $83,990 while the top 10% make $195,190 or more. The middle 50% of earners fall between $126,940 and $192,960 a year.
Economist salary range in New Jersey
| Pay level | Annual salary | Hourly rate | |
|---|
| 10th percentile (entry level) | $83,990 | $40.38 |
|
| 25th percentile (early career) | $126,940 | $61.03 |
|
| 50th percentile (median) | $167,550 | $80.55 |
|
| 75th percentile (experienced) | $192,960 | $92.77 |
|
| 90th percentile (top earners) | $195,190 | $93.84 |
|
How New Jersey compares
New Jersey ranks 2nd out of 40 states and territories for Economist pay. The top 5 best-paying states:
Economist salary in other states
District of Columbia $167,590Delaware $159,120Maryland $144,680Kansas $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 New Jersey
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 New Jersey pay ($167,550) 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 New Jersey?
The median Economist salary in New Jersey is $167,550 per year, or about $80.55 per hour, per official BLS state wage estimates. Salaries typically range from $83,990 at the entry level to $195,190 for the top 10% of earners.
How does New Jersey pay compare to the national average?
New Jersey pays Economists about 34% more than the national median of $124,720. New Jersey ranks 2nd out of 40 states and territories reporting this occupation.
Is New Jersey a good state for Economists?
Yes on pay — New Jersey pays above the national median for this occupation, at $167,550 a year. About 280 Economists are employed in New Jersey. Weigh that against local housing and living costs before moving.
What are the highest-paying jobs in New Jersey?
The highest-paying occupations in New Jersey include Radiologist ($482,700), Surgeon, All Other ($437,890), Physician, Pathologists ($355,970), 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.