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Economic Modeling/Forecasting Analyst III Salary in the United States

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

As of September 01, 2026, the average salary for an Economic Modeling/Forecasting Analyst III in the United States is $150,760 per year, which breaks down to an hourly rate of $72.

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

  • Top Earners (90th percentile): $169,654
  • Majority Range (25th-75th percentile): $136,680 to $160,650
  • Entry-Level (10th percentile): $123,861
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 III Salaries

An Economic Modeling/Forecasting Analyst III'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, education 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 III'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 Data Analyst II (4-7 years): $127,381
  • Economic Modeling/Forecasting 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 Data Analyst II4-7 years$127,381
Economic Modeling/Forecasting 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 III 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 IIIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $166,920.
  • California: $166,290.
  • Massachusetts: $164,070.

Top Paying Cities for Economic Modeling/Forecasting Analyst IIIs

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: $190,150
  • San Francisco: $188,070
  • Oakland: $184,110

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

Demanded Skills for the Role:

  • Analysis (Mentioned in 15.32% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • Machine Learning (Mentioned in 1.92% Job Postings): Using mathematical models, data, and algorithms to help a computer learn without direct instruction.
  • Pricing (Mentioned in 1.07% 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 15.32%
Machine Learning 1.92%
Pricing 1.07%
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 III's salary.

  • Team Development: Can increase your salary by up to 13%.
  • Advertising: Can increase your salary by up to 12%.
  • Flexibility: Can increase your salary by up to 8%.
Skill Salary Salary % Increase
Team Development $170,359
13%
Advertising $168,851
12%
Flexibility $162,821
8%
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Economic Modeling/Forecasting Analyst III Salary by Company Size: Startups vs. Enterprise

Economic Modeling/Forecasting Analyst III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $168,481. While startup companies pay approximate $142,517.

Economic Modeling/Forecasting Analyst III Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $142,517
Growth Stage 51~500 $150,726
Established 501~5000 $162,690
Enterprise 5000+ $168,481

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

For Economic Modeling/Forecasting Analyst III roles, the industry you choose can affect earning potential by as much as 41% (the gap between the highest and lowest paying industries). Data shows that the Pharmaceuticals and Internet sectors offer the strongest compensation, at 20% above the average. In contrast, Economic Modeling/Forecasting Analyst positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Economic Modeling/Forecasting Analyst III as a support function rather than a direct revenue driver.

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

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Pharmaceuticals$180,912$87.020%
Internet$177,897$86.018%
Biotechnology$167,344$80.011%
Software & Networking$167,344$80.011%
Energy & Utilities$165,836$80.010%

How Education impacts an Economic Modeling/Forecasting Analyst III's Salary?

Your level of education can impact your salary potential. While many Economic Modeling/Forecasting Analyst IIIs enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Economic Modeling/Forecasting Analyst III with a Bachelor's Degree is between $133,877 and $145,354).

Economic Modeling/Forecasting Analyst III Salaries by Degree Level

Typical Education for Economic Modeling/Forecasting Analyst III
Degree Level % of user with this level of education
No Diploma 0.6%
High School 0.6%
Associates 0.6%
Bachelors 31.9%
Masters 44.5%
Doctorate 22.4%
View as Graph

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

Understanding how an Economic Modeling/Forecasting Analyst III'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
$136,680
Average $150,760/year
$160,650
$11,390
Average $12,563/month
$13,388
$2,628
Average $2,899/week
$3,089
$66
Average $72/hour
$77
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $160,650 $13,388 $3,089 $77
Average $150,760 $12,563 $2,899 $72
25th Percentile $136,680 $11,390 $2,628 $66

Economic Modeling/Forecasting Analyst III Salary Growth & Career Path

Economic Modeling/Forecasting Analyst III

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As an Economic Modeling/Forecasting Analyst III, 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 V $150,800 0%
Economic Data Analyst IV $173,000 15%

Most common benefits for Economic Modeling/Forecasting Analyst III

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

Common company salaries for Economic Modeling/Forecasting Analyst III

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

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FAQ about Economic Modeling/Forecasting Analyst III

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

The Pharmaceuticals industry offers the highest average compensation for Economic Modeling/Forecasting Analyst III roles, with salaries approximately 20% above the market median.

2. Do analysts make good money?

Yes, analysts can make good money. For Economic Modeling/Forecasting Analysts, salaries range from a minimum of $123,980 to a maximum of $168,950, with a median salary of $143,300. This competitive pay reflects the demand for skilled analysts in the field, along with potential bonuses and other compensation.

3. How much do economic analysts make in the US?

Economic Analysts in the US can expect to earn between $123,980 and $168,950 annually, with a median salary of $143,300. This reflects a more specialized role compared to general economic analysts, highlighting the higher earning potential in this field.

4. Do you need a PhD to be an economist?

While a PhD is not strictly necessary to become an economist, it is highly beneficial. Most economists hold advanced degrees, with 92% having either a Master's or a PhD. Those in roles like Economic Modeling/Forecasting Analysts can expect salaries ranging from $123,980 to $168,950, reflecting the value of advanced education in the field.

5. How much do economic officers make?

Economic Modeling/Forecasting Analysts typically earn between $123,980 and $168,950 annually, with a median salary of $143,300. While specific city salaries may vary, these figures provide a solid benchmark for understanding potential earnings in this field.

6. Who is the best financial forecaster?

The best financial forecasters often utilize advanced software tools to enhance their predictions. In 2025, top tools include Prophix One, Planful, Workday Adaptive Planning, and Causal. Economic Modeling/Forecasting Analysts typically earn between $123,980 and $168,950, with a median salary of $143,300, reflecting the expertise required in this field.

7. What is the highest paying job in economics?

The highest paying job in economics is typically that of an Economic Modeling/Forecasting Analyst, with salaries ranging from a minimum of $123,980 to a mid-level of $143,300, and reaching up to a maximum of $168,950. Other well-paying roles include Economists, Market Research Analysts, and Financial Analysts, among others.

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.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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