The annual salary statistics of postsecondary economics teachers in Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois is shown in Table 1. The wage information of postsecondary economics teachers in Chicago-Joliet-Naperville (IL-IN-WI Area) 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 | $48,810 |
| 25th Percentile Wage | $77,740 |
| 50th Percentile Wage | $106,230 |
| 75th Percentile Wage | $150,570 |
| 90th Percentile Wage | $166,470 |
Table 1 shows the average annual salary for postsecondary economics teachers in Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $166,470. The median (50th percentile) annual salary is $106,230. The average annual salary for the bottom 10 percent earners is $48,810.
The table and chart below show the trend of the median salary of postsecondary economics teachers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $106,230 | -0.20% | 39.26% |
| 2021 | $106,440 | -7.34% | - |
| 2020 | $114,250 | 2.94% | - |
| 2019 | $110,890 | -5.45% | - |
| 2018 | $116,930 | -5.81% | - |
| 2017 | $123,720 | -4.15% | - |
| 2016 | $128,850 | 46.57% | - |
| 2014 | $68,840 | 1.86% | - |
| 2013 | $67,560 | 4.50% | - |
| 2012 | $64,520 | - | - |
From Table 3 we note that with a median annual salary of $106,230, Chicago-Joliet-Naperville (IL-IN-WI Area) is the second highest paying city for postsecondary economics teachers in state of Illinois, following the highest paying city Chicago-Joliet-Naperville (IL Metropolitan Division) (median annual salary of $126,710). Compared with Chicago-Joliet-Naperville (IL Metropolitan Division), the median annual salary of postsecondary economics teachers in Chicago-Joliet-Naperville (IL-IN-WI Area) is 16.2 percent (16.2%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Chicago-Joliet-Naperville (IL Metropolitan Division) | |
| Chicago-Joliet-Naperville (IL-IN-WI Area) | |
| West Central Illinois nonmetropolitan area |