Economist Salary in Glen Ellyn, IL
How much does a economist make in Glen Ellyn? Explore median, entry-level, and senior salaries adjusted for Glen Ellyn's cost of living.
Salary Breakdown by Experience Level
See how economist salaries break down across different pay periods in Glen Ellyn.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $62,949 | $106,225 | $145,568 |
| Monthly | $5,246 | $8,852 | $12,131 |
| Biweekly | $2,421 | $4,086 | $5,599 |
| Weekly | $1,211 | $2,043 | $2,799 |
| Hourly | $30 | $51 | $70 |
Glen Ellyn vs National Average
How Glen Ellyn's economist salaries compare to national figures.
Cost of Living in Glen Ellyn
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 Glen Ellyn, IL — Complete Guide
Median Salary Overview
The median salary for a economist in Glen Ellyn, IL is $106,225 per year, adjusted for the local cost of living index of 110. This figure reflects typical earnings for experienced professionals in this role, considering Glen Ellyn's unique economic conditions.
Salary Range and Experience Levels
Entry-level economist professionals in Glen Ellyn can expect to earn around $62,949 annually. As professionals gain experience, salaries typically increase, with senior-level economists earning approximately $145,568 per year. This represents a 131% increase from entry to senior level.
Cost of Living Adjustment
Glen Ellyn's cost of living index of 110 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Glen Ellyn 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 Glen Ellyn typically goes toward housing. With a 1-bedroom apartment averaging $1,300 per month, housing represents about 14.7% 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 Glen Ellyn, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.