2. Virginia
Annual median wage: $119,870
Cost of living: 100.2
Employment: 1,080
If you apply the law of supply and demand, you might think Virginia’s demand for economists is so strong that is why they pay them that much. In fact, the state ranks the highest in terms of annual median salary for economists. Considering their average cost of living expenses and impressive employment rates, Virginia is a clear winner. Needless to say, when you are lucky to bag a job there, don’t let go.
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