Economist Salary in Winston-Salem, NC
How much does a economist make in Winston-Salem? Explore median, entry-level, and senior salaries adjusted for Winston-Salem's cost of living.
Salary Breakdown by Experience Level
See how economist salaries break down across different pay periods in Winston-Salem.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $49,879 | $84,171 | $115,345 |
| Monthly | $4,157 | $7,014 | $9,612 |
| Biweekly | $1,918 | $3,237 | $4,436 |
| Weekly | $959 | $1,619 | $2,218 |
| Hourly | $24 | $40 | $55 |
Winston-Salem vs National Average
How Winston-Salem's economist salaries compare to national figures.
Cost of Living in Winston-Salem
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 Winston-Salem, NC — Complete Guide
Median Salary Overview
The median salary for a economist in Winston-Salem, NC is $84,171 per year, adjusted for the local cost of living index of 104. This figure reflects typical earnings for experienced professionals in this role, considering Winston-Salem's unique economic conditions.
Salary Range and Experience Levels
Entry-level economist professionals in Winston-Salem can expect to earn around $49,879 annually. As professionals gain experience, salaries typically increase, with senior-level economists earning approximately $115,345 per year. This represents a 131% increase from entry to senior level.
Cost of Living Adjustment
Winston-Salem's cost of living index of 104 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Winston-Salem 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 Winston-Salem typically goes toward housing. With a 1-bedroom apartment averaging $1,400 per month, housing represents about 20.0% 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 Winston-Salem, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.