The average annual and hourly salaries for postsecondary economics teachers in the state of Virginia are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of postsecondary economics teachers amongst Virginia cities 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 .
|Percentile Bracket||Average Annual Salary|
|10th Percentile Wage||$41,140|
|25th Percentile Wage||$60,240|
|50th Percentile Wage||$90,920|
|75th Percentile Wage||$126,160|
|90th Percentile Wage||$170,940|
Table 1 shows the average annual salary for postsecondary economics teachers in Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $170,940. The median (50th percentile) annual salary is $90,920. The average annual salary for the bottom 10 percent is $41,140.
The table and chart below show the trend of the median salary of postsecondary economics teachers from 2012 to 2017.
|Year||Median Salary||Yearly Growth||5-Year Growth|
Table 3 shows the median annual salary of postsecondary economics teachers in some Virginia cities and metropolitan areas. We note that the median annual salary of postsecondary economics teachers in state of Virginia ranges from $76,850 to $108,080. The highest paying area for postsecondary economics teachers in Virginia is Richmond with a median annual salary of $108,080. The second highest paying city/area in Virginia State is Northwestern Virginia nonmetropolitan area (mean annual salary $106,950). The lowest paying area is Lynchburg with a median annual salary of $76,850.
|Cities/Areas||Median Annual Salary|
|Northwestern Virginia nonmetropolitan area|| |
|Virginia Beach-Norfolk-Newport News|| |