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Economic Modeling/Forecasting Analyst I Salary in the United States

How much does an Economic Modeling/Forecasting Analyst I make in the United States?

As of September 01, 2026, the average salary for an Economic Modeling/Forecasting Analyst I in the United States is $96,450 per year, which breaks down to an hourly rate of $46.

However, an Economic Modeling/Forecasting Analyst I's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $108,085
  • Majority Range (25th-75th percentile): $86,810 to $102,540
  • Entry-Level (10th percentile): $78,033
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Economic Modeling/Forecasting Analyst I Salaries

An Economic Modeling/Forecasting Analyst I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Economic Modeling/Forecasting Analyst Salaries?

Experience is a primary driver of an Economic Modeling/Forecasting Analyst I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Economic Modeling/Forecasting Analyst I (2-4 years): $96,445
  • Economic Data Analyst II (4-7 years): $127,381
  • Economic Data Analyst III (7+ years): $150,754
  • Economic Data Analyst IV (7-10 years): $172,947
  • Head of Economic Analytics and Insights (10+ years): $312,116
Job Role Years of Experience Average Salary
Economic Modeling/Forecasting Analyst I2-4 years$96,445
Economic Data Analyst II4-7 years$127,381
Economic Data Analyst III7+ years$150,754
Economic Data Analyst IV7-10 years$172,947
Head of Economic Analytics and Insights10+ years$312,116
View as Graph

How Do Economic Modeling/Forecasting Analyst I Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Economic Modeling/Forecasting Analyst Is. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $106,790.
  • California: $106,380.
  • Massachusetts: $104,970.

Top Paying Cities for Economic Modeling/Forecasting Analyst Is

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $121,650
  • San Francisco: $120,320
  • Oakland: $117,780

What Skills Can Increase an Economic Modeling/Forecasting Analyst I's Salary?

Demanded Skills for the Role:

  • Analysis (Mentioned in 16.06% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • Forecasting (Mentioned in 1.82% Job Postings): Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. Both might refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods. Usage can differ between areas of application: for example, in hydrology the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period. Risk and uncertainty are central to forecasting and prediction; it is generally considered good practice to indicate the degree of uncertainty attaching to forecasts. In any case, the data must be up to date in order for the forecast to be as accurate as possible. In some cases the data used to predict the variable of interest is itself forecasted.
  • Pricing (Mentioned in 1.43% Job Postings): Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
Skills Demand Percentage
Analysis 16.06%
Forecasting 1.82%
Pricing 1.43%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on an Economic Modeling/Forecasting Analyst I's salary.

  • Portfolio Management: Can increase your salary by up to 17%.
  • Machine Learning: Can increase your salary by up to 11%.
  • Risk Management: Can increase your salary by up to 10%.
Skill Salary Salary % Increase
Portfolio Management $112,847
17%
Machine Learning $107,060
11%
Risk Management $106,095
10%
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Economic Modeling/Forecasting Analyst I Salary by Company Size: Startups vs. Enterprise

Economic Modeling/Forecasting Analyst I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $107,787. While startup companies pay approximate $91,177.

Economic Modeling/Forecasting Analyst I Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $91,177
Growth Stage 51~500 $96,429
Established 501~5000 $104,082
Enterprise 5000+ $107,787

Economic Modeling/Forecasting Analyst I Salary by Industry: Top Paying Sectors

For Economic Modeling/Forecasting Analyst I roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Financial Services sectors offer the strongest compensation, at 30% above the average. In contrast, Economic Modeling/Forecasting Analyst positions in Transportation or Hospitality & Leisure typically offer lower base pay, as these industries often view Economic Modeling/Forecasting Analyst I as a support function rather than a direct revenue driver.

The top paying industries for an Economic Modeling/Forecasting Analyst I

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Software & Networking$125,385$60.030%
Financial Services$123,456$59.028%
Energy & Utilities$115,740$56.020%
Pharmaceuticals$115,740$56.020%
Internet$112,846$54.017%

Economic Modeling/Forecasting Analyst I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Economic Modeling/Forecasting Analyst I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on September 01, 2026
$86,810
Average $96,450/year
$102,540
$7,234
Average $8,038/month
$8,545
$1,669
Average $1,855/week
$1,972
$42
Average $46/hour
$49
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $102,540 $8,545 $1,972 $49
Average $96,450 $8,038 $1,855 $46
25th Percentile $86,810 $7,234 $1,669 $42

Economic Modeling/Forecasting Analyst I Salary Growth & Career Path

Economic Modeling/Forecasting Analyst I

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As an Economic Modeling/Forecasting Analyst I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Next Step Role Estimate Salary Projected Raise
Business Operations Data Analyst III $104,200 8%
Economic Data Analyst II $127,400 32%

Most common benefits for Economic Modeling/Forecasting Analyst I

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Economic Modeling/Forecasting Analyst I

Here are companies hiring for Economic Modeling/Forecasting Analyst I and their salaries, click below for more details.

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FAQ about Economic Modeling/Forecasting Analyst I

1. What industry pays the highest salary for Economic Modeling/Forecasting Analyst I?

The Software & Networking industry offers the highest average compensation for Economic Modeling/Forecasting Analyst I roles, with salaries approximately 30% above the market median.

2. Is financial Modelling a good career?

Yes, financial modeling is a great career choice. It stands out in today's competitive finance job market, with salaries ranging from $81,160 to $111,000, and a median salary of $97,000. Many candidates view financial modeling courses as essential training, making it a highly sought-after skill in the industry.

3. Is Financial Analyst a good career in USA?

Financial Analyst is a promising career in the USA, currently ranked as the 13th-best business job and 66th overall. With salaries ranging from $81,160 to $111,000, and a median salary of $97,000, the role offers competitive compensation. Financial Analysts play a crucial role in guiding clients and employers in making informed investment decisions.

4. What is the highest paying modeling job?

The highest paying modeling job is the Economic Modeling/Forecasting Analyst, with a salary range of $81,160 to $111,000 per year. This role typically offers a mid-salary of $97,000, making it a lucrative option in the modeling field compared to other positions like freelance or entry-level models.

5. How much do economic officers make?

Economic Modeling/Forecasting Analysts typically earn between $81,160 and $111,000 annually, with a median salary of around $97,000. While some cities like San Francisco and Santa Clara offer higher salaries for related positions, the general salary range for this role reflects the demand and expertise required in the field.

6. What is the highest salary of financial Modelling?

The highest reported salary for an Economic Modeling/Forecasting Analyst is $111,000. The top 10% of employees in this field earn more than $97,000 annually, while the top 1% can exceed $81,160. This reflects the significant earning potential for professionals skilled in economic modeling.

7. How do you become an economic forecaster?

To become an economic forecaster, you typically need a bachelor's degree in economics or a related field, though many employers favor candidates with a master's or PhD. Strong communication, critical thinking, and problem-solving skills are essential, along with a passion for current affairs and economic issues. Salaries for this role range from $81,160 to $111,000, with a median of $97,000.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

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