The annual salary statistics of postsecondary business teachers in Lexington-Fayette, Kentucky is shown in Table 1. The wage information of postsecondary business teachers in Lexington-Fayette 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 | $36,940 |
| 25th Percentile Wage | $59,260 |
| 50th Percentile Wage | $82,800 |
| 75th Percentile Wage | $114,550 |
| 90th Percentile Wage | $122,140 |
Table 1 shows the average annual salary for postsecondary business teachers in Lexington-Fayette, Kentucky in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $122,140. The median (50th percentile) annual salary is $82,800. The average annual salary for the bottom 10 percent earners is $36,940.
The table and chart below show the trend of the median salary of postsecondary business teachers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $82,800 | 9.03% | 17.17% |
| 2021 | $75,320 | 20.67% | - |
| 2020 | $59,750 | -78.01% | - |
| 2016 | $106,360 | 0.24% | - |
| 2015 | $106,100 | 14.30% | - |
| 2013 | $90,930 | 24.58% | - |
| 2012 | $68,580 | - | - |
From Table 3 we note that the median annual salary of $82,800 in Lexington-Fayette is in the middle of salary range for postsecondary business teachers in state of Kentucky. In comparison, the annual salary of postsecondary business teachers in Lexington-Fayette is 22.4 percent (22.4%) lower than that in the highest paying Evansville and 26.3 percent (26.3%) higher than that in the lowest paying East Kentucky nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Evansville | |
| Bowling Green | |
| Louisville-Jefferson County | |
| West Central Kentucky nonmetropolitan area | |
| Lexington-Fayette | |
| West Kentucky nonmetropolitan area | |
| Elizabethtown | |
| South Central Kentucky nonmetropolitan area | |
| East Kentucky nonmetropolitan area |