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Economic Modeling/Forecasting Analyst II Salary in the United States

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

As of September 01, 2026, the average salary for an Economic Modeling/Forecasting Analyst II in the United States is $127,390 per year, which breaks down to an hourly rate of $61.

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

  • Top Earners (90th percentile): $150,124
  • Majority Range (25th-75th percentile): $114,030 to $139,290
  • Entry-Level (10th percentile): $101,866
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 II Salaries

An Economic Modeling/Forecasting Analyst II'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 II'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 Data Analyst I (2-4 years): $96,445
  • Economic Modeling/Forecasting 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 Data Analyst I2-4 years$96,445
Economic Modeling/Forecasting 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 II 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 IIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $141,040.
  • California: $140,510.
  • Massachusetts: $138,630.

Top Paying Cities for Economic Modeling/Forecasting Analyst IIs

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: $160,670
  • San Francisco: $158,910
  • Oakland: $155,560

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

Demanded Skills for the Role:

  • Analysis (Mentioned in 15.98% 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 1.86% 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 1.41% 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 15.98%
Forecasting 1.86%
Pricing 1.41%
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 II's salary.

  • Trading: Can increase your salary by up to 9%.
  • Inference: Can increase your salary by up to 9%.
  • Machine Learning: Can increase your salary by up to 6%.
Skill Salary Salary % Increase
Trading $138,855
9%
Inference $138,855
9%
Machine Learning $135,033
6%
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Economic Modeling/Forecasting Analyst II Salary by Company Size: Startups vs. Enterprise

Economic Modeling/Forecasting Analyst II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $142,364. While startup companies pay approximate $120,425.

Economic Modeling/Forecasting Analyst II Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $120,425
Growth Stage 51~500 $127,362
Established 501~5000 $137,470
Enterprise 5000+ $142,364

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

For Economic Modeling/Forecasting Analyst II roles, the industry you choose can affect earning potential by as much as 65% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Biotechnology sectors offer the strongest compensation, at 25% above the average. In contrast, Economic Modeling/Forecasting Analyst positions in Transportation or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Economic Modeling/Forecasting Analyst II as a support function rather than a direct revenue driver.

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

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Software & Networking$159,238$77.025%
Biotechnology$152,868$73.020%
Pharmaceuticals$152,868$73.020%
Healthcare$146,498$70.015%
Energy & Utilities$140,129$67.010%

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

Understanding how an Economic Modeling/Forecasting Analyst II'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
$114,030
Average $127,390/year
$139,290
$9,503
Average $10,616/month
$11,608
$2,193
Average $2,450/week
$2,679
$55
Average $61/hour
$67
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $139,290 $11,608 $2,679 $67
Average $127,390 $10,616 $2,450 $61
25th Percentile $114,030 $9,503 $2,193 $55

Economic Modeling/Forecasting Analyst II Salary Growth & Career Path

Economic Modeling/Forecasting Analyst II

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As an Economic Modeling/Forecasting Analyst II, 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 Analytics and Insights Specialist IV $127,100 0%
Economic Data Analyst III $150,800 18%

Most common benefits for Economic Modeling/Forecasting Analyst II

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

Common company salaries for Economic Modeling/Forecasting Analyst II

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

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FAQ about Economic Modeling/Forecasting Analyst II

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

The Software & Networking industry offers the highest average compensation for Economic Modeling/Forecasting Analyst II roles, with salaries approximately 25% above the market median.

2. What is the highest paying job in economics?

One of the highest paying jobs in economics is that of an Economic Modeling/Forecasting Analyst, with salaries ranging from $106,770 to $145,790. This role involves analyzing economic data to predict future trends, making it a critical position in various industries. Other well-paying jobs for economics majors include Economists, Financial Analysts, and Actuaries.

3. How much does American Airlines pay strategic planning analysts?

The estimated total pay range for a Strategic Planning Analyst at American Airlines is between $106,770 and $145,790 per year, based on salary data for Economic Modeling/Forecasting Analysts. This range includes base salary and potential additional compensation.

4. What is the highest paid business analyst?

In 2023, the highest-paid roles for Economic Modeling/Forecasting Analysts offer competitive salaries. The minimum salary starts at $106,770, with a mid-range salary of $125,340, and can go up to a maximum of $145,790. These positions are critical for analyzing economic trends and forecasting future financial scenarios.

5. 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 keen interest in current affairs. Salaries for this role range from $106,770 to $145,790, with a median of $125,340.

6. How much does a production analyst make in the US?

How much does a Production Analyst make? Based on recent salary data, the minimum salary for an Economic Modeling/Forecasting Analyst is $106,770, the mid-range salary is $125,340, and the maximum salary can reach $145,790 annually.

7. Are economic analysts in demand?

Yes, economic analysts are in demand. As organizations increasingly rely on analytics, predictive modeling, and big data for decision-making, the need for skilled professionals in this field is rising. Salaries for Economic Modeling/Forecasting Analysts range from $106,770 to $145,790, reflecting the value of their expertise in driving business and policy decisions.

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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