Economists Salary in Madison, WI

Economists pay range in Madison

New workers and the lowest-paid 10% earn about $75,440 a year or less, while the top 10% make $132,590 or more. The middle half of economists in Madison earn between $78,520 and $111,880.

*Hourly figures assume 2,080 paid hours a year.

Economists salary after taxes in Madison

On the average salary of $97,510, a single filer in Madison takes home about $73,149 a year, or $6,096 a month and $2,813 every two weeks. Taxes take 25% of gross pay.

Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules).

Is Madison a good place for economists? Pay vs. cost of living

Prices in the Madison area are 3% below the U.S. average (BEA price parity 97.3), so the average $97,510 buys what about $100,229 would buy in a typical U.S. metro. This job pays 1.5 times the median wage of all jobs in Madison ($58,080). A typical home costs $452,769, or 4.6 years of this average salary before tax.

See what $97,510 is worth in another city

Economists salary in other Wisconsin cities

Madison ranks 1st of 2 Wisconsin metro areas for this job, the best-paid in the state.

All Economists salaries in Wisconsin

Highest-paying cities for economists

New York, NY pays this job the most of the metro areas we cover ($184,860).

Economists salary by city

Related jobs in Madison

• Clinical and Counseling Psychologists$126,540 a year
• Psychologists, All Other$98,600 a year
• Urban and Regional Planners$96,540 a year
• School Psychologists$90,780 a year
• Social Scientists and Related Workers, All Other$89,650 a year
• Physicists$137,180 a year
• Biochemists and Biophysicists$120,960 a year
• Atmospheric and Space Scientists$108,200 a year

Average salary in Madison and every job