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Economist - Federal Salaries of 2020

Pay Rates for "Economist"

How much does an Economist in the federal government get paid? $129,870.05* *Based on the 2020 average.
4,262 EMPLOYEES
$551.3M TOTAL SALARY
GS MOST COMMON PAYSCALE

Economist was the 65th most popular job in the U.S. Government in 2020, with 4,262 employed. The most common payscale was the general schedule payscale.

In 2020, the Bureau of Labor Statistics hired the most employees titled Economist, with an average salary of $107,884.

Government Economist jobs are classified under the General Schedule (GS) payscale. The minimum paygrade for a Economist job is GS-6, and the highest paygrade that can be attained within this job series is GS-15. Remember that the starting and maximum yearly pay listed above reflect base pay only - your actual salary will be higher based on the Locality Pay Adjustment for the area in which you work.

Job Description

This occupation includes positions that require application of a professional knowledge of economics in the performance of duties that include: research into economic phenomena, analysis of economic data, and the preparation of interpretive reports; advice and consultation on economic matters to governmental officials and private organizations or citizens; and the performance of other professional work in economics including supervision and the direction of economists engaged in the various economics programs of the Federal Government.

Science, technology, engineering, and mathematics (STEM) professions fall under this job category. Due to the growing focus of them STEM fields, individuals in this job category tend to advance more quickly than employees in the other job categories. Jobs in this category are being added quickly and many organizations have trouble finding qualified individuals. Individuals in this job category typically recieve pormotions of 2 grade increases at a time until they reach GS-12.

Agencies that have hired an Economist

Agency Employees Hired Average Salary
Bureau of Labor Statistics 1,133 $107,883.76
Bureau of Economic Analysis 285 $130,130.33
Internal Revenue Service 214 $128,592.20
Departmental Offices 208 $146,350.74
Economic Research Service 159 $123,071.25
Environmental Protection Agency 151 $124,495.28
Bureau of the Census 108 $125,572.34
Securities and Exchange Commission 101 $202,206.40
Office of Comptroller of Currency 95 $196,145.52
Department of Energy 92 $122,329.22
Federal Trade Commission 86 $160,172.20
Federal Deposit Insurance Corporation 81 $156,595.60
National Oceanic and Atmospheric Administration 71 $132,780.23
Federal Energy Regulatory Commission 66 $112,601.65
Federal Communications Commission 64 $152,591.28
Centers for Disease Control and Prevention 62 $124,188.65
Food and Drug Administration 56 $133,786.30
U.S. Agency for International Development 49 $133,054.51
Offices, Boards and Divisions 49 $163,789.86
U.S. International Trade Commission 48 $135,129.04
Federal Housing Finance Agency 46 $171,102.73
Bureau of Consumer Financial Protection 43 $150,632.72
Citizenship and Immigration Services 43 $141,023.02
Office of Secretary of Transportation 42 $112,000.00
Foreign Agricultural Service 41 $111,499.66
Centers for Medicare & Medicaid Services 40 $129,434.23
Federal Aviation Administration 37 $148,391.14
International Trade Administration 36 $120,768.56
Commodity Futures Trading Commission 34 $188,320.97
Agricultural Marketing Service 32 $122,065.25
Forest Service 30 $108,032.30
Office of the Chief Economist 30 $158,238.97
Social Security Administration 29 $140,301.83
Assistant Secretary for Policy Development and Resolution 27 $139,591.22
Fpac Business Center 26 $146,390.38
Geological Survey 25 $119,230.16
Animal and Plant Health Inspection Service 20 $124,038.05
Risk Management Agency 18 $97,169.67
Bureau of Reclamation 17 $102,030.24
U.S. Coast Guard 16 $127,941.44
Natural Resources Conservation Service 15 $107,640.13
Occupational Safety and Health Administration 15 $140,476.13
Millennium Challenge Corporation 15 $151,246.00
Federal Railroad Administration 13 $133,595.46
Agency for Healthcare Research and Quality 13 $157,767.15
Office of Management and Budget 12 $145,538.08
Patent and Trademark Office 12 $126,224.83
National Institute of Standards and Technology 12 $137,097.25
Employee Benefits Security Administration 12 $130,841.08
Office Secretary Health and Human Services 11 $114,611.09
Office of the Secretary of the Interior 11 $123,248.82
Small Business Administration 10 $141,105.90
Department of State 10 $155,498.10
Bureau of Ocean Energy Management 10 $127,281.40
Federal Maritime Commission 10 $133,849.80
Council of Economic Advisers 9 $113,381.33
Transportation Security Administration 9 $120,079.56
Office of Assistant Secretary for Policy 9 $157,445.89
Food Safety and Inspection Service 8 $141,416.50
Consumer Product Safety Commission 8 $132,121.13
Pipeline/Hazardous Materials Safety Administration 8 $135,645.75
Export-Import Bank of the United States 8 $120,211.75
Overseas Private Investment Corporation 8 $131,884.75
Federal Emergency Management Agency 7 $121,927.00
Bureau of International Labor Affairs 7 $137,615.00
Office of Inspector General (Department of Transportation) 6 $131,485.83
Federal Motor Carrier Safety Administration 6 $127,408.50
Customs and Border Protection 6 $117,449.33
Office of Senior Coordinator for Southwest 6 $92,349.00
Equal Employment Opportunity Commission 6 $122,593.67
Farm Credit Administration 6 $249,307.00
National Credit Union Administration 6 $0.00
Department of Homeland Security Headquarters 5 $167,803.60
Nuclear Regulatory Commission 5 $150,874.40
Maritime Administration 5 $131,677.20
5 $144,488.00
Mine Safety and Health Administration 5 $133,112.80
Office of Federal Contract Compliance Programs 5 $139,235.20
Office of Senior Coordinator for Mid-Atlantic 5 $93,207.80
Office of Senior Coordinator for Pacific/Hawaii 5 $106,559.00
Government National Mortgage Association 5 $134,447.80
Bureau of Land Management 5 $112,008.60
U.S. Fish and Wildlife Service 5 $152,311.40
National Science Foundation 5 $176,517.20
National Park Service 4 $116,361.00
Federal Highway Administration 4 $122,680.00
National Highway Traffic Safety Administration 4 $109,775.75
National Institutes of Health 4 $81,831.25
National Protection and Programs Directorate 4 $156,861.75
Employment and Training Administration 4 $107,673.25
Bureau of the Fiscal Service 4 $121,072.25
Rural Housing Service 3 $125,836.33
Food and Nutrition Service 3 $127,732.00
Pension Benefit Guaranty Corporation 3 $127,749.00
Economic Development Administration 3 $80,498.33
Office of Senior Coordinator for Midwest 3 $103,991.33
Office of Senior Coordinator for Northwest/Alaska 3 $101,574.67
Federal Transit Administration 3 $127,773.33
Office of the U.S. Trade Representative 3 $144,550.33
Office of Disability Employment Policy 3 $123,912.67
Health Resources and Services Administration 3 $128,163.00
Office of Senior Coordinator for Southeast/Caribbean 2 $67,437.00
Office of Senior Coordinator for Rocky Mountains 2 $118,661.50
Assistant Secretary for Housing-Federal Housing Commissioner 2 $137,559.00
Office of Surface Mining, Reclamation and Enforcement 2 $127,778.50
Veterans Health Administration 2 $147,951.00
Minority Business Development Agency 2 $114,641.50
Office of Workers' Compensation Programs 2 $120,077.00
Office of Personnel Management 2 $142,210.50
Railroad Retirement Board 2 $110,876.50
Office of the Secretary of Agriculture 1 $156,973.00
Civil Rights 1 $86,435.00
Office of Senior Coordinator for New England 1 $93,973.00
Office of Inspector General (Department of Health and Human Services) 1 $181,048.00
Immigration and Customs Enforcement 1 $121,316.00
Science and Technology Directorate 1 $142,701.00
Alcohol, Tobacco, Firearms, & Explosives 1 $133,447.00
Office Assistant Secretary Administration and Management 1 $126,571.00
Women's Bureau 1 $145,578.00
Institute of Education Sciences 1 $170,800.00
Immediate Office of Assistant Secretary for Policy & Planning 1 $0.00
Veterans Benefits Administration 1 $121,316.00

Economist Pay Distribution

The average pay for an Economist is $129,870.05. The highest paid Economist made $277,600 in 2020.

Common Economist Payscales

Payscale Number of Economist Employees
GS - General Schedule 3,153
ZP - Scientific And Engineering Professional 357
SK - Non-supervisorty Postions Employed By The Securities And Exchange Commission (sec) And Formerly Under Gs Pay 100
NB - Office Of The Comptroller Of The Currency Only 95
CG - Corporate Graded 78
ES - Senior Executive Service 73
EL - Non-executive Positions At The Federal Housing Finance Agency 44
CN - Bureau Of Consumer Financial Protect(cfpb) Independent Agcy Within The Fed Res Syst(use By Cfpb Only) 43
FV - Federal Aviation Administration Core Compensation Plan 37
EF - Consultant (5 U.s.c. 3109) 35
CT - Commodity Futures Trading Commission Positions Previously Defined Under Pay Plan Codes Ad, Es, Gm, And Gs 34
AD - Administratively Determined Rates, Not Elsewhere Specified 28
GG - Grades Similar To General Schedule 22
SL - Senior Level Positions 21
RG - Scientists Appointed As Fellows And Compensated Under 42 U.s.c. 209(g). Includes Non-citizens Whose Employment 18
MC - Employees Of The Millennium Challenge Corporation Appointed Under Public Law 108-199 Only. 15
FO - Foreign Service Officers 14
FP - Foreign Service Personnel 14
OR - Employees Of The Office Of Financial Research (ofr) Within The Department Of The Treasury 11
ED - Expert (5 U.s.c. 3109) 10
SV - Transportation Security Administration Employees Other Than Executives 9
IR - Internal Revenue Service Broadband Classification And Pay System Positions Only 7
GM - Employees Covered By The Performance Management And Recognition System (pmrs) Termination Provisions 7
EI - Advisory Committee Member (other) 7
VH - Professional, Administrative, And Managerial 6
CU - Credit Union Employees 5
RF - Employees Appointed And Compensated As Special Consultants Under 42 U.s.c. 209(f). Includes Non-citizens Whose 4
EH - Advisory Committee Member (5 U.s.c. 3109) 3
CM - Fdic Supervisory And Managerial Positions Below The Executive Level Only 2
LL - Executives At The Federal Housing Finance Agency 2
EX - Executive Pay 2
ST - Scientific And Professional 2
EM - Fdic Executive-level Positions Only 1
RA - Department Of Agriculture Positions In The Senior Scientific Research Service 1
SO - Executive Positions Employed By The Securities And Exchange Commission (sec) And Formerly Under The Es Pay Pla 1
SS - Senior Staff Positions 1

Starting Paygrade: $33,903.00 / year base pay at paygrade GS-6, Step 1
Maximum Paygrade: $143,598.00 / year base pay at paygrade GS-15, Step 10
Category: Professional and Scientific
Occupation Family: 0100 SOCIAL SCIENCE, PSYCHOLOGY, AND WELFARE GROUP

Other Jobs at the GS-6 Paygrade

GS-6 is the starting paygrade for Economist jobs. Here are some other Federal Government jobs that can be held by employees at the GS-6 paygrade.

Occupation Occupation Category Starting Paygrade Maximum Paygrade
Motor Carrier SafetyAdministrative and ManagementGS-4GS-15
Human Resources ManagementAdministrative and ManagementGS-4GS-15
Tax SpecialistAdministrative and ManagementGS-4GS-15
GeneticsProfessional and ScientificGS-6GS-15
Respiratory TherapistTechnical and Medical SupportGS-1GS-9

Average Economist Pay Trend from 2004 to 2020

In 2004, the average pay for an Economist was $87,989. Since then, the average pay has increased to $129,870 in 2020.


Data Sources

The information provided on these pages is sourced from the Office of Personnel Management (OPM) Enterprise Human Resources Integration (EHRI) dataset. Postal Service data is managed exclusively by the USPS . All information is displayed unmodified and as provided by the source agency.

Federal employee salaries are public information under open government laws (5 U.S.C. § 552). FederalPay provides this data in the interest of government transparency — employee data may not be used for commercial soliciting or vending of any kind. Learn more about the FederalPay Employees Dataset here.

The series code of this occupation is 0110.

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Source: www.federalpay.org/employees/occupations/economist/2020