The annual salary statistics of postsecondary economics teachers in New Haven, Connecticut is shown in Table 1. The wage data of postsecondary economics teachers in New Haven is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $78,020 |
| 25th Percentile Wage | $78,210 |
| 50th Percentile Wage | $98,640 |
| 75th Percentile Wage | $154,890 |
| 90th Percentile Wage | $160,170 |
Table 1 shows the average annual salary for postsecondary economics teachers in New Haven, Connecticut in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $160,170. The median (50th percentile) annual salary is $98,640. The average annual salary for the bottom 10 percent earners is $78,020.
The table and chart below show the trend of the median salary of postsecondary economics teachers from 2012 to 2021.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2021 | $98,640 | 8.75% | 13.23% |
| 2020 | $90,010 | 2.06% | - |
| 2019 | $88,160 | 2.11% | - |
| 2018 | $86,300 | -17.60% | - |
| 2016 | $101,490 | 7.50% | - |
| 2015 | $93,880 | 2.64% | - |
| 2014 | $91,400 | 1.67% | - |
| 2013 | $89,870 | 4.76% | - |
| 2012 | $85,590 | - | - |
From Table 3 we note that with a median annual salary of $98,640, New Haven is the lowest paying city for postsecondary economics teachers in state of Connecticut, following city of Bridgeport-Stamford-Norwalk (median annual salary of $103,520). In comparison, the median annual salary of postsecondary economics teachers in New Haven is 4.7 percent (4.7%) lower than that in the highest paying city Bridgeport-Stamford-Norwalk.
| Cities/Areas | Median Annual Salary |
|---|---|
| Bridgeport-Stamford-Norwalk | |
| Hartford-West Hartford-East Hartford | |
| New Haven |