Economist Salary in Central Falls, RI
How much does a economist make in Central Falls? Explore median, entry-level, and senior salaries adjusted for Central Falls's cost of living.
Salary Breakdown by Experience Level
See how economist salaries break down across different pay periods in Central Falls.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $61,150 | $103,190 | $141,409 |
| Monthly | $5,096 | $8,599 | $11,784 |
| Biweekly | $2,352 | $3,969 | $5,439 |
| Weekly | $1,176 | $1,984 | $2,719 |
| Hourly | $29 | $50 | $68 |
Central Falls vs National Average
How Central Falls's economist salaries compare to national figures.
Cost of Living in Central Falls
About Economist
Overview
Research economic data and trends to inform policy and business decisions.
Education
Bachelor's degree in Economics; Master's or PhD common for research roles
Key Skills
Growth Rate
Expected job growth: +17% over the next decade
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Economist Salary in Central Falls, RI — Complete Guide
Median Salary Overview
The median salary for a economist in Central Falls, RI is $103,190 per year, adjusted for the local cost of living index of 102. This figure reflects typical earnings for experienced professionals in this role, considering Central Falls's unique economic conditions.
Salary Range and Experience Levels
Entry-level economist professionals in Central Falls can expect to earn around $61,150 annually. As professionals gain experience, salaries typically increase, with senior-level economists earning approximately $141,409 per year. This represents a 131% increase from entry to senior level.
Cost of Living Adjustment
Central Falls's cost of living index of 102 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Central Falls are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $91,970, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a economist's salary in Central Falls typically goes toward housing. With a 1-bedroom apartment averaging $1,100 per month, housing represents about 12.8% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Economists are in growing demand across the United States, with an expected job growth of 17% over the next decade. In Central Falls, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.