Postsecondary Economics Teacher Salary Information in Michigan

The average annual and hourly salaries for postsecondary economics teachers in the state of Michigan are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of postsecondary economics teachers among Michigan 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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$52,520
25th Percentile Wage
$87,130
50th Percentile Wage
$109,340
75th Percentile Wage
$146,840
90th Percentile Wage
$122,430

Table 1 shows the average annual salary for postsecondary economics teachers in Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $122,430. The median (50th percentile) annual salary is $109,340. The average annual salary for the bottom 10 percent is $52,520.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
No Data
25th Percentile Wage
No Data
50th Percentile Wage
No Data
75th Percentile Wage
No Data
90th Percentile Wage
No Data

Table 2 shows the average hourly salary for postsecondary economics teachers in Michigan in 5 percentile scales. The average hourly salary of the 25th percentile is No Data.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of postsecondary economics teachers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
2016109,340-0.70%11.31%
2015110,1108.76%-
2014100,4601.21%-
201399,2402.29%-
201296,970--

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

Table 3 shows the median annual salary of postsecondary economics teachers in some Michigan cities and metropolitan areas. We note that the median annual salary of postsecondary economics teachers in state of Michigan ranges from $79,160 to $91,860. The highest paying area for postsecondary economics teachers in Michigan is Detroit-Warren-Livonia with a median annual salary of $91,860. The lowest paying area is Warren-Troy-Farmington Hills with a median annual salary of $79,160.

Cities/Areas Median Annual Salary
Detroit-Warren-Livonia
$91,860
Warren-Troy-Farmington Hills
$79,160


Related:

Highest paying cities for postsecondary economics teachers

Highest paying industries for postsecondary economics teachers.