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Updated May 27, 2023

Economists Salaries

Chicago-Naperville-Elgin, Indiana, US

Average Base Pay


49.71% above national average

Additional Cash Compensation

Average: $103,400

Range: $67,310-$159,780


How much does a Economists role make in Chicago-Naperville-Elgin, Indiana, US?

Career Ladder Pay for Economists Roles

A person in an entry-level Economists role with under one year of job experience can expect to make an average annual salary of $67,310. A Economists candidate with 1-4 years of experience makes an average total salary of $83,780. A person in a mid-career Economists role with 5-9 years of experience makes an average salary of $103,400 a year. Economists with 10 or more years of experience make an average of $128,810. In their late career (over 20 years of experience), a person in a Economists role’s annual salary averages $159,780 per year.

What is the average Economists salary in Chicago-Naperville-Elgin, Indiana, US?

Average base salary, as of 2023 : $103,400

Salary Breakdown

  Average base salary (percentile)
Annual salary$25,850$51,700$77,550
Monthly salary$2,154$4,308$6,463
Weekly salary$539$1,077$1,616
Hourly salary$77$154$231

Where can a Economists role earn more money?


Similar jobs with comparable annual salaries.


Will extra certification for Economists roles boost salary?

While certifications are not required for every Economists position, they can certainly increase your salary and lead to an easier recruitment process when applying to enterprises that favor candidates with additional certifications.

Is the Economists position in high demand?

The current Bureau of Labor Statistics states the salary is $103,400 higher than the national average for Economists positions.

Is there advancement potential for a Economists role?

Yes, there is strong potential for promotion — either with an additional educational degree or with continued years of experience. There are a multitude of other positions Economists roles that can advance both internally and with another company.

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