Economist Salary in Sherman, TX
How much does a economist make in Sherman? Explore median, entry-level, and senior salaries adjusted for Sherman's cost of living.
Salary Breakdown by Experience Level
See how economist salaries break down across different pay periods in Sherman.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $42,456 | $71,645 | $98,180 |
| Monthly | $3,538 | $5,970 | $8,182 |
| Biweekly | $1,633 | $2,756 | $3,776 |
| Weekly | $816 | $1,378 | $1,888 |
| Hourly | $20 | $34 | $47 |
Sherman vs National Average
How Sherman's economist salaries compare to national figures.
Cost of Living in Sherman
About Economist
Overview
Research economic data and trends to inform policy and business decisions.
Education
Bachelor's degree in Economics; Master's or PhD common for research roles
Key Skills
Growth Rate
Expected job growth: +17% over the next decade
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See Economist salaries in other top cities.
Explore Related Data for Sherman & TX
Dig deeper into the numbers behind a economist salary in Sherman — cost of living, take-home pay, affordability, taxes, and retirement projections all in one place.
Cost of living in Sherman
Full breakdown of expenses, rent, and local purchasing power.
Take-home pay on $70,000 in TX
Federal tax, state tax, Social Security, and Medicare breakdown.
What you can afford on $70,000 in TX
Home price, rent, and monthly spending guidelines for this income.
Tax brackets on $70,000 in TX
See exactly which brackets your income falls into.
Economist salary across all of TX
State-level salary data beyond just Sherman.
$300,000 mortgage in TX
Monthly payment, property tax, and total interest for a typical home at this income.
Retirement at 30 earning $75,000
Projections, savings benchmarks, and how to stay on track.
Financial Tools to Explore
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Cost of Living Calculator
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Budget Calculator
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Rent vs Buy Calculator
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Economist Salary in Sherman, TX — Complete Guide
Median Salary Overview
The median salary for a economist in Sherman, TX is $71,645 per year, adjusted for the local cost of living index of 82. This figure reflects typical earnings for experienced professionals in this role, considering Sherman's unique economic conditions.
Salary Range and Experience Levels
Entry-level economist professionals in Sherman can expect to earn around $42,456 annually. As professionals gain experience, salaries typically increase, with senior-level economists earning approximately $98,180 per year. This represents a 131% increase from entry to senior level.
Cost of Living Adjustment
Sherman's cost of living index of 82 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Sherman are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $91,970, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a economist's salary in Sherman typically goes toward housing. With a 1-bedroom apartment averaging $780 per month, housing represents about 13.1% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Economists are in growing demand across the United States, with an expected job growth of 17% over the next decade. In Sherman, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.