Economists pay range in Minneapolis
New workers and the lowest-paid 10% earn about $63,980 a year or less, while the top 10% make $204,140 or more. The middle half of economists in Minneapolis earn between $64,020 and $151,650.
- $64K10th
- $64K25th
- $107KMedian
- $152K75th
- $204K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $127,990 | $10,666 | $61.53 |
| Median | $107,030 | $8,919 | $51.46 |
| Entry level (25th percentile) | $64,020 | $5,335 | $30.78 |
| Experienced (75th percentile) | $151,650 | $12,638 | $72.91 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Economists pay in Minneapolis vs. Minnesota and the U.S.
Economists in Minneapolis earn 8% more than the Minnesota average ($117,980) and 10% less than the U.S. average ($142,130). At the median the gap is -14% against the U.S. median of $124,720.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Minneapolis | $127,990 | $107,030 | $63,980 | $204,140 | n/a |
| Minnesota | $117,980 | $105,120 | $58,380 | $197,870 | 500 |
| United States | $142,130 | $124,720 | $67,360 | $238,060 | 17,790 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Economists salary after taxes in Minneapolis
On the average salary of $127,990, a single filer in Minneapolis takes home about $91,533 a year, or $7,628 a month and $3,520 every two weeks. Taxes take 28% of gross pay.
The Minneapolis-St. Paul-Bloomington, MN-WI metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in WI | $92,658 | $7,722 |
| Working in MN | $91,533 | $7,628 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Minnesota Paid Leave premiums are not included.
Is Minneapolis a good place for economists? Pay vs. cost of living
Prices in the Minneapolis area are 5% above the U.S. average (BEA price parity 104.8), so the average $127,990 buys what about $122,102 would buy in a typical U.S. metro. This job pays 1.8 times the median wage of all jobs in Minneapolis ($59,320). A typical home costs $393,774, or 3.1 years of this average salary before tax.
Economists salary in nearby metro areas
- Madison, WI$97,510
- Des Moines, IA$107,440
- Milwaukee, WI$82,420
- Lincoln, NE$73,020
- Kansas City, MO$141,470
- Lansing, MI$97,700
Highest-paying cities for economists
New York, NY pays this job the most of the metro areas we cover ($184,860).
- New York, NY$184,860
- Washington, DC$166,140
- Durham, NC$159,310
- St. Louis, MO$156,690
- Los Angeles, CA$155,860
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Economists salary in Minneapolis: questions
How much do economists make an hour in Minneapolis?
$61.53 an hour on average, and $51.46 at the median (BLS, May 2025).
What is the entry-level economists salary in Minneapolis?
The lowest-paid 10% earn about $63,980 a year and the 25th percentile is $64,020, a fair guide to starting pay.
What is the economists take-home pay in Minneapolis?
About $91,533 a year ($7,628 a month) for a single filer on the average salary of $127,990. Minnesota Paid Leave premiums are not included.
Do economists earn more in Minneapolis than elsewhere?
The average here is 10% less than the U.S. average for this job ($142,130).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 19-3011; area Minneapolis-St. Paul-Bloomington, MN-WI (33460). Relative standard error of the mean wage: 15.9%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Minnesota Paid Leave premiums are not included.
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