Economist Salary in McLean, VA
How much does a economist make in McLean? Explore median, entry-level, and senior salaries adjusted for McLean's cost of living.
Salary Breakdown by Experience Level
See how economist salaries break down across different pay periods in McLean.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $87,114 | $147,005 | $201,451 |
| Monthly | $7,260 | $12,250 | $16,788 |
| Biweekly | $3,351 | $5,654 | $7,748 |
| Weekly | $1,675 | $2,827 | $3,874 |
| Hourly | $42 | $71 | $97 |
McLean vs National Average
How McLean's economist salaries compare to national figures.
Cost of Living in McLean
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 McLean, VA — Complete Guide
Median Salary Overview
The median salary for a economist in McLean, VA is $147,005 per year, adjusted for the local cost of living index of 148. This figure reflects typical earnings for experienced professionals in this role, considering McLean's unique economic conditions.
Salary Range and Experience Levels
Entry-level economist professionals in McLean can expect to earn around $87,114 annually. As professionals gain experience, salaries typically increase, with senior-level economists earning approximately $201,451 per year. This represents a 131% increase from entry to senior level.
Cost of Living Adjustment
McLean's cost of living index of 148 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in McLean 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 McLean typically goes toward housing. With a 1-bedroom apartment averaging $2,200 per month, housing represents about 18.0% 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 McLean, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.