The annual salary statistics of postsecondary economics teachers in Chicago-Joliet-Naperville (IL Metropolitan Division), Illinois is shown in Table 1. The wage data of postsecondary economics teachers in Chicago-Joliet-Naperville (IL Metropolitan Division) 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 | $48,910 |
| 25th Percentile Wage | $82,670 |
| 50th Percentile Wage | $126,710 |
| 75th Percentile Wage | $186,410 |
| 90th Percentile Wage | $124,870 |
Table 1 shows the average annual salary for postsecondary economics teachers in Chicago-Joliet-Naperville (IL Metropolitan Division), Illinois in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $124,870. The median (50th percentile) annual salary is $126,710. The average annual salary for the bottom 10 percent earners is $48,910.
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 |
|---|---|---|---|
| 2017 | $126,710 | -4.66% | 51.99% |
| 2016 | $132,610 | 49.02% | - |
| 2014 | $67,600 | 2.49% | - |
| 2013 | $65,920 | 7.72% | - |
| 2012 | $60,830 | - | - |
From Table 3 we note that with a median annual salary of $126,710, Chicago-Joliet-Naperville (IL Metropolitan Division) is the highest paying city for postsecondary economics teachers in state of Illinois, followed by Chicago-Joliet-Naperville (IL-IN-WI Area) (median annual salary $106,230). In comparison, the median annual salary of postsecondary economics teachers in Chicago-Joliet-Naperville (IL Metropolitan Division) is 16.2 percent (16.2%) higher than that in Chicago-Joliet-Naperville (IL-IN-WI Area).
| Cities/Areas | Median Annual Salary |
|---|---|
| Chicago-Joliet-Naperville (IL Metropolitan Division) | |
| Chicago-Joliet-Naperville (IL-IN-WI Area) | |
| West Central Illinois nonmetropolitan area |