Economists Salary in Richmond, VA

BLS Occupational Employment & Wage Statistics • May 2025 • Richmond, VA

Median annual salary $118,610 +2.7% vs national
Median hourly $57.02
10th percentile $68,590
90th percentile —
Employed locally 160
National median $115,440

Compare Economists salary & buying power

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Economists
in
Richmond, VA
vs

    Salary percentile breakdown

    10th
    $68,590
    25th
    $88,880
    50th (median)
    $118,610
    75th
    $193,390

    Richmond economic context

    Unemployment rate 3.00% 2024 annual avg • BLS LAUS
    Median household income $84,405 2023 • Census ACS
    Economists salary vs area income 141% Median Economists salary is 41% above the area median household income

    Top-paying metros for Economists

    Metro areaMedian salary
    New York-Newark-Jersey City, NY-NJ $168,850
    District of Columbia $162,610
    Washington-Arlington-Alexandria, DC-VA-MD-WV $157,980
    Virginia $148,010
    New York $142,300
    Maryland $137,610

    Nearby metros — Economists salary comparison

    Metro areaMedian salary
    Washington-Arlington-Alexandria, DC-VA-MD-WV $157,980
    Virginia Beach-Chesapeake-Norfolk, VA-NC $124,780
    Portland-Vancouver-Hillsboro, OR-WA $116,880
    Pennsylvania $113,300
    Nevada $84,540

    Related occupations in Richmond, VA

    OccupationMedian salary
    Environmental Scientists and Specialists, Including Health $78,140
    Occupational Health and Safety Specialists $79,100
    Clinical and Counseling Psychologists $76,540
    Biological Technicians $61,370
    Urban and Regional Planners $74,020
    Chemists $82,670

    Frequently asked questions

    How much do Economists make per hour in Richmond?

    The median hourly wage for Economists in Richmond, VA is $57.02, based on BLS OEWS 2025 data. Top earners (90th percentile) make $128.42 or more per hour.

    Is Richmond above or below average for Economists salaries?

    The median Economists salary in Richmond, VA is 2.7% above the national median of $115,440. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Economists in Richmond?

    Entry-level Economists (10th percentile) earn around $68,590 per year in Richmond, VA. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $88,880.