Economist Salary in Salt Lake City, UT
How much does a economist make in Salt Lake City? Explore median, entry-level, and senior salaries adjusted for Salt Lake City's cost of living.
Salary Breakdown by Experience Level
See how economist salaries break down across different pay periods in Salt Lake City.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $61,172 | $103,227 | $141,459 |
| Monthly | $5,098 | $8,602 | $11,788 |
| Biweekly | $2,353 | $3,970 | $5,441 |
| Weekly | $1,176 | $1,985 | $2,720 |
| Hourly | $29 | $50 | $68 |
Salt Lake City vs National Average
How Salt Lake City's economist salaries compare to national figures.
Cost of Living in Salt Lake City
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 Salt Lake City, UT — Complete Guide
Median Salary Overview
The median salary for a economist in Salt Lake City, UT is $103,227 per year, adjusted for the local cost of living index of 122. This figure reflects typical earnings for experienced professionals in this role, considering Salt Lake City's unique economic conditions.
Salary Range and Experience Levels
Entry-level economist professionals in Salt Lake City can expect to earn around $61,172 annually. As professionals gain experience, salaries typically increase, with senior-level economists earning approximately $141,459 per year. This represents a 131% increase from entry to senior level.
Cost of Living Adjustment
Salt Lake City's cost of living index of 122 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Salt Lake City 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 Salt Lake City typically goes toward housing. With a 1-bedroom apartment averaging $1,700 per month, housing represents about 19.8% 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 Salt Lake City, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.