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Economic education provides a high salary and job security. People who understand economics are in high demand in the labor market and help large enterprises, individuals, government agencies, etc. make financial decisions.

In many cases, the salary of an economist in the US depends on the chosen employer. Also important are a number of different factors that affect the final amount of income.

Consider the main points that affect the level of wages, and find out how much an economist in the United States earns in this area.

How much does an economist earn in the US

Based on the Bureau of Labor data, an economist’s salary is over $99,000/year, which is about $48/hour. Approximately 50% of employees earn in the range of 63 to 123 thousand dollars a year. There are cases when the salary of an economist in the USA exceeds $150,000/year. From which we can conclude that everyone can find a well-paid job!

It is important to understand that in a big city, the chance of finding a job with a higher salary is much higher than in rural areas. The level of salaries depends on the need for economists in the labor market, as well as the specific area.

To answer the question of how much an economist earns in the US, let’s turn to statistics. According to available data, the leading cities in terms of salary are:

• Arizona;
• Virginia;
• Columbia;
• Maryland;
• California.

From last city to first, the salary range is $102 to $146,000. If you are interested in earning as much as possible, then pay attention to cities such as:

• San Francisco;
• Pittsburgh;
• Baltimore;
• Austin;
• Washington;
• Bridgeport.

In the cities in question, the average salary for an economist is more than one hundred thousand dollars a year, and in some more than one hundred and twenty.

How much does an economist in the US earn: salary by type of employer

The type of employer you choose plays a big role in choosing a future job. The future employer plays a big role in what the salary will be.

The types of employers are expressed as follows:

• Central banks;
• Credit activities;
• Management;
• Scientific advisory services and others.

High salaries offered by the federal government, especially in the US capital area. Therefore, the answer to the question of how much an economist earns in the United States largely depends not only on the direction of study, but also on the future place of work.

Economic education in the USA

A degree in economics is certainly important and promising. Do you want to get an economic education in America? We will help you!

Studying at the country’s universities is a serious investment in the future. American educational institutions are leaders in the training of highly qualified specialists, and offer a large number of educational programs in various areas.

Therefore, in order to successfully pass the required exams, decide in advance on your future profile. The following is a list of the main areas that are offered in US universities:

• World Economy;
• Foreign trade;
• Economic theory;
• Taxation;
• Finance and credit.

These are not all existing profiles, other areas can be found on the websites of universities. There are various video presentations that talk about how much an economist in the US earns, as well as the directions and profile of programs.

Academic camps

There is an opportunity to study in academic camps in the country. The considered option offers a wide range of programs and disciplines.

The duration of such programs is short, but this will not affect the quality of knowledge in any way. Classes, according to the chosen profile, are held intensively, and are conducted only by the leading teachers of the country. There are also meetings with experts who will tell you how much an economist in the United States earns in various fields, share their experience and knowledge.

A large number of elite summer schools operate on the basis of high-ranking universities, which provides an opportunity to get acquainted with the universities or colleges that will be selected for subsequent studies. The summer school allows you to combine intensive and serious education, and includes an interesting extra-curricular program.

Read also:

Average and minimum salary in the USA: annual, monthly

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America is presented to many as a country of great opportunities, high salaries and simply a chic life. Is this really so, what is the average salary in the US, who gets the most and how much is needed for life – read below!

US salary

In terms of wages, the United States outperforms most countries in the world. Despite all the stereotypes, the standard of living here is quite high, and the influx of potential immigrants does not dry out. And, of course, everyone is interested in the question, how much will they earn in the States?

The minimum wage in the United States at the federal level is $7.25 per hour, but most states have prescribed higher pay levels in their legislation, and since January 2016 these rates have increased in a number of states. The highest rates are in California, Massachusetts and the District of Columbia ($10, $10 and $10.5 per hour respectively).

You can find jobs in the US at layboard.com.

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You can find out the minimum hourly wage on the official website of the US Department of Labor.

U.S. wages vary from state to state and profession to profession, but according to the latest data from the Bureau of Labor Statistics, the median salary in the U.S. in 2015, in the fourth quarter, was $825 per week ($729for women and $907 for men).

More detailed analysis is carried out by the US Census Bureau, which is actually the country’s main statistical agency. It collects and processes national demographic and economic data. In the Bureau’s latest report, published in the fall of 2015, the median annual household income in the United States was $53,482. If we talk about statistics by state, then the highest average family income was in the states of Maryland, New Jersey, Alaska, Connecticut and the District of Columbia.

US salaries by profession: who gets paid more?

The American job search resource Glassdoor calls the profession of a doctor the highest paid in the United States. His average salary is over $200,000. The jobs of a pharmacist ($131,099), a software architect ($130,891), and a software developer ($123,747) also pay well. The most promising positions in 2016 in terms of remuneration, number of vacancies and career opportunities included data scientist, system architect, tax manager, community manager and mobile software developer.

According to the latest official report from the US Census Bureau, the most enviable is the salary of doctors in the US. The anesthesiologist earns the most – he earns $ 246,320 annually. Behind him are surgeons ($240,440), obstetricians ($214,750), therapists ($190,530), psychiatrists ($182,700) and others.

How much does it cost to live in America?

According to Numbeo, one of the world’s largest statistical databases, the most expensive place to live in 2016 will be in San Francisco – there is the highest consumer price index in the United States. Honolulu and New York came in second and third, respectively.

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The top 20 also includes such big cities as Washington DC, Albany, Stamford, Las Vegas, Chicago, Boston, Philadelphia, Anaheim and Seattle. Here you can also find out the average prices for various goods and services both in the country as a whole and in a particular city.

For example, one trip to an inexpensive restaurant in Los Angeles will cost an average of $15 per person, a cup of cappuccino somewhere in Miami – $4.