How Much Do Statisticians/Data Scientists Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary statisticians/data scientists make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for statisticians/data scientists and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of statisticians/data scientists are offering as compensation.
Keep reading to learn more about how much statisticians/data scientists can expect to make in the United States.
At a Glance: Salary & Jobs for Statisticians/Data Scientists
According to data from 2023, there were about 33,661 positions for statisticians/data scientists in the United States. In terms of salary, the national median salary for statisticians/data scientists was reported to be $104,104. Additionally, when examining job demand, employers across the country posted 10,838 job postings related to positions for statisticians/data scientists.
How Much Money Do Statisticians/Data Scientists Make?
Median salary is just one data point. To build a better understanding of how much money statisticians/data scientists and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for statisticians/data scientists.
Annual Salary for Statisticians/Data Scientists
According to the BLS, the lowest earners for statisticians/data scientists and related professions earned about $58,698 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $163,363 annually.
As mentioned previously, the median salary for statisticians/data scientists in the United States in 2023 was $104,104.
Annual Salary Range For Statisticians/Data Scientists In 2023
Hourly Salary for Statisticians/Data Scientists
The BLS also breaks down compensation for statisticians/data scientists by hourly salary, and the median average hourly pay for statisticians/data scientists in 2023 was $50. Lowest hourly earners took home $28 while the highest reported hourly salaries for statisticians/data scientists was $79.
Hourly Salary Range For Statisticians/Data Scientists In 2023
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Advertised Compensation for Statisticians/Data Scientists
Data from the BLS is one way to dig into compensation for statisticians/data scientists, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for statisticians/data scientists.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Statisticians/Data Scientists
Advertised Annual Salary
During a review of 12,615 job postings related to statisticians/data scientists, advertised salary was included in 4,824 of them, which was 38%. Based on those postings, the median advertised salary for statisticians/data scientists was $112,000 per year.
Hourly Salary from Job Postings for Statisticians/Data Scientists
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for statisticians/data scientists. Based on 45% of postings with advertised compensation, the median hourly salary for open positions for statisticians/data scientists in the United States is about $54.
Salary Trend for Statisticians/Data Scientists
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for statisticians/data scientists. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for statisticians/data scientists dating back to September 2020, advertised salaries for statisticians/data scientists have increased 31%.
Advertised Wage Trend For Statisticians/Data Scientists
What's the Job Growth for Statisticians/Data Scientists?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for statisticians/data scientists over the next 10 years.
According to the data obtained through Lightcast,™ there were 33,660 jobs for statisticians/data scientists in the United States in 2023. By 2033, it is expected that about 10,245 jobs will be added. That's a 30.4% increase over the next 10-year period.
Employment Projections For Statisticians/Data Scientists
Additional Links
Ready to dig deeper into career information about statisticians/data scientists? Visit our other pages focused on salary and education for statisticians/data scientists.
What do statisticians/data scientists do?
Statisticians/Data Scientists: How do you become one?
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