How Much Does a Development Economist Make in Illinois?

Updated March 01, 2025
As of March 01, 2025, the average annual pay of Development Economist in Illinois is $127,414. While Salary.com is seeing that Development Economist salary in IL can go up to $164,894 or down to $88,222, but most earn between $106,900 and $147,032. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
25% $106,900 10% $88,222 90% $164,894 75% $147,032 $127,414 50%(Median)
Related Job Titles to Development Economist
Economist (Corporate) I
$93,990
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Economist (Corporate) II
$122,490
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Economist (Corporate) III
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Economist (Corporate) IV
$162,490
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Similar Job Salaries to Development Economist by Company

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Company average base salary in (usd) range
Cornerstone Research
Senior Economist
$110,842/yr
$100,512
$121,173
RANGE: $100,512 - $121,173
Comerstone Research
Senior Economist
$110,842/yr
$100,512
$121,173
RANGE: $100,512 - $121,173
Cebra
Economist/Senior Economist/Economic Advisor - Macroeconomics
$112,851/yr
$101,932
$123,770
RANGE: $101,932 - $123,770
Federal Reserve Bank (FRB)
Economist/Senior Economist/Economic Advisor -Financial Economics
$107,342/yr
$96,985
$117,699
RANGE: $96,985 - $117,699
Federal Reserve Bank (FRB) in
Economist/Senior Economist/Economic Advisor - Macroeconomics
$107,342/yr
$96,985
$117,699
RANGE: $96,985 - $117,699
Federal Reserve Bank (FRB) in
Economist/Senior Economist/Economic Advisor - Microeconomics
$107,342/yr
$96,985
$117,699
RANGE: $96,985 - $117,699
Argonne National Laboratory
Postdoctoral Appointee - Energy Economist
$102,238/yr
$90,685
$113,791
RANGE: $90,685 - $113,791
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$99,607
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RANGE: $99,607 - $123,337
$90,492/yr
$82,632
$98,352
RANGE: $82,632 - $98,352

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Top 10 Highest Paying Cities For Development Economist Jobs in Illinois

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Development Economist can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Development Economist job salaries in Illinois. Some cities can pay higher salaries for Development Economist jobs, which can indicate that there is a large demand for Development Economist positions in this city.
The following table shows top 10 cities where the Development Economist salary is higher than other cities in Illinois. Chicago takes first place in this list, followed by Cicero, Evanston. The Development Economist salary is $130,652 in Chicago, which is higher than the national average. There are 20 cities' Development Economist salary higher than national average in Illinois.
The average salary for a Development Economist in Illinois is $127,414, but we found that the city with the highest salary for Development Economist jobs is Chicago, IL, and it is higher than Cicero. Development Economist jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Chicago $130,652 $10,888 $2,513 $63
Cicero $130,652 $10,888 $2,513 $63
Evanston $130,652 $10,888 $2,513 $63
Oak Park $130,652 $10,888 $2,513 $63
Skokie $130,652 $10,888 $2,513 $63
Oak Lawn $130,528 $10,877 $2,510 $63
Des Plaines $130,279 $10,857 $2,505 $63
Mount Prospect $130,154 $10,846 $2,503 $63
Aurora $129,531 $10,794 $2,491 $62
Hoffman Estates $129,531 $10,794 $2,491 $62

What Does a Development Economist Do?

Harpel Professor of Capital Formation and Growth; and Isabel Guerrero Pulgar, adjunct lecturer in public policy and a development economist.
Updated November 03, 2021
Students tend to know a lot less about what life as a development economist outside of a research university looks like, we thought we’d profile some people doing interesting jobs outside of a research university.
Updated December 21, 2021
DI: Are there things you wish you had done more of as a student, or do you have any other advice for budding development economists thinking of jobs outside of a pure research track.
Updated December 16, 2021
The course will prepare you for further academic research or for work as a professional development economist in international agencies, governments or the private sector.
Updated December 14, 2021
In economics, the pathway to success and happiness as a development economist seems very straight and narrow.
Updated December 10, 2021

Frequently Asked Questions About a Development Economist Salaries

What is the average of a Development Economist in Illinois?

The Development Economist salary range is from $106,900 to $147,032, and the average Development Economist salary is $127,414/year in Illinois. The Development Economist's salary will change in different locations.

Which location pays the highest Development Economist salary in the United States?

The Development Economist salary in San Jose, CA is $156,309 which is the highest in the US.

What kinds of reasons will influence the Development Economist's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Development Economist.

What is the growth rate of the Development Economist's salary?

If you are thinking of becoming a Development Economist or planning the next step in your career, find the detailed salary report of a Development Economist.