The annual salary statistics of postsecondary business teachers in Lafayette-West Lafayette, Indiana is shown in Table 1. The wage statistics of postsecondary business teachers in Lafayette-West Lafayette 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 | $39,550 |
| 25th Percentile Wage | $66,870 |
| 50th Percentile Wage | $80,700 |
| 75th Percentile Wage | $135,740 |
| 90th Percentile Wage | $219,660 |
Table 1 shows the average annual salary for postsecondary business teachers in Lafayette-West Lafayette, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $219,660. The median (50th percentile) annual salary is $80,700. The average annual salary for the bottom 10 percent earners is $39,550.
The table and chart below show the trend of the median salary of postsecondary business teachers from 2012 to 2022. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 1-Year Growth |
|---|---|---|---|
| 2022 | $80,700 | -29.21% | -29.21% |
| 2021 | $104,270 | - | - |
From Table 3 we note that with a median annual salary of $80,700, Lafayette-West Lafayette is the highest paying city for postsecondary business teachers in state of Indiana, followed by Northern Indiana nonmetropolitan area (median annual salary $79,150). In comparison, the median annual salary of postsecondary business teachers in Lafayette-West Lafayette is 1.9 percent (1.9%) higher than that in Northern Indiana nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Lafayette-West Lafayette | |
| Northern Indiana nonmetropolitan area | |
| Central Indiana nonmetropolitan area | |
| Indianapolis-Carmel | |
| Terre Haute | |
| Lafayette | |
| Fort Wayne | |
| Southern Indiana nonmetropolitan area |