Postsecondary Economics Teacher Salary Information in Illinois

The average annual and hourly salaries for postsecondary economics teachers in the state of Illinois are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of postsecondary economics teachers amongst Illinois metropolitan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Postsecondary Economics Teachers in Illinois

Percentile BracketAverage Annual Salary
10th Percentile Wage
$50,940
25th Percentile Wage
$79,700
50th Percentile Wage
$115,590
75th Percentile Wage
$167,720
90th Percentile Wage
$142,240

Table 1 shows the average annual salary for postsecondary economics teachers in Illinois in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $142,240. The median (50th percentile) annual salary is $115,590. The average annual salary for the bottom 10 percent is $50,940.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of postsecondary economics teachers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$115,590
-5.74% 42.54%
2016
$122,220
8.92% -
2015
$111,320
35.31% -
2014
$72,010
2.89% -
2013
$69,930
5.02% -
2012
$66,420
- -

Table 3. Median Annual Salary of Postsecondary Economics Teachers in Illinois Cities

Table 3 shows the median annual salary of postsecondary economics teachers in some Illinois cities and metropolitan areas. We note that the median annual salary of postsecondary economics teachers in state of Illinois ranges from $103,110 to $126,710. The highest paying area for postsecondary economics teachers in Illinois is Chicago-Joliet-Naperville (IL Metropolitan Division) with a median annual salary of $126,710. The second highest paying city/area in Illinois State is Chicago-Joliet-Naperville (IL-IN-WI Area) (mean annual salary $123,720). The lowest paying area is West Central Illinois nonmetropolitan area with a median annual salary of $103,110.

Cities/Areas Median Annual Salary
Chicago-Joliet-Naperville (IL Metropolitan Division)
$126,710
Chicago-Joliet-Naperville (IL-IN-WI Area)
$123,720
West Central Illinois nonmetropolitan area
$103,110




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💰 Highest paying cities for postsecondary economics teachers

💰 Highest paying industries for postsecondary economics teachers.