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Job Salary Guide ยท 2026

Economist Salary After Tax in Grand Island

Based on BLS OEWS data ยท NE ยท Single filer

Rent: ComfortableCOL Index: 0.83

Economist Salary Range

25th Percentile

$88,000

Take-home:

$65,823

$5,485/mo

Entry to mid-level

Median

$116,000

Take-home:

$83,886

$6,991/mo

Typical salary

75th Percentile

$152,000

Take-home:

$106,436

$8,870/mo

Senior / specialist

Tax Breakdown

At median salary of $116,000

Gross Salary$116,000
Federal Tax(14.8%)โ€“$17,134
NE State Taxโ€“$6,106
Social Securityโ€“$7,192
Medicareโ€“$1,682
Annual Take-Home$83,886
$6,991Monthly
$3,226Bi-Weekly
27.68%Effective Rate

Cost of Living in Grand Island

Rent-to-income ratio (1BR)12.9% โ€” Comfortable

1BR Monthly Rent

$900/mo

2BR Monthly Rent

$1,130/mo

COL Index

0.83

Comfortable Rent Max

$1,747/mo

50 / 30 / 20 Budget Planner

Based on your monthly take-home of $6,991 ($83,892/yr)

Needs 50%Wants 30%Savings 20%
Needs50%

$3,496

per month

  • โ€บRent / mortgage
  • โ€บGroceries
  • โ€บUtilities
  • โ€บInsurance
  • โ€บMinimum debt payments
  • โ€บTransportation
Wants30%

$2,097

per month

  • โ€บDining out
  • โ€บStreaming services
  • โ€บGym
  • โ€บHobbies
  • โ€บTravel
  • โ€บShopping
Savings20%

$1,398

per month

  • โ€บEmergency fund
  • โ€บ401(k) / IRA
  • โ€บInvestments
  • โ€บDown payment fund
  • โ€บDebt payoff (extra)

Needs / year

$41,946

Wants / year

$25,168

Savings / year

$16,778

Frequently Asked Questions

What is the average Economist salary in Grand Island?

The median Economist salary in Grand Island (NE) is $116,000 per year based on BLS OEWS data. The 25th percentile is $88,000 and the 75th percentile is $152,000.

What is the take-home pay for a Economist in Grand Island?

At the median salary of $116,000, a Economist in NE takes home approximately $83,886 per year ($6,991/month) after federal and state taxes. The effective tax rate is 27.68%.

Can a Economist afford rent in Grand Island?

The average 1-bedroom rent in Grand Island is $900/month. On the median Economist salary, your rent-to-income ratio is 12.9%, which is "Comfortable". Financial experts recommend keeping rent below 25โ€“30% of take-home pay ($1,747/month at this salary).

How does cost of living affect Economist salaries in Grand Island?

Grand Island has a cost-of-living index of 0.83 (1.00 = national average). Grand Island is 17% cheaper than the US average, so the Economist salary goes further here than in high-cost metros.