The annual salary statistics of postsecondary psychology teachers in Lexington-Fayette, Kentucky is shown in Table 1. The wage information of postsecondary psychology 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 | $47,510 |
| 25th Percentile Wage | $54,980 |
| 50th Percentile Wage | $66,360 |
| 75th Percentile Wage | $77,100 |
| 90th Percentile Wage | $97,340 |
Table 1 shows the average annual salary for postsecondary psychology 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 $97,340. The median (50th percentile) annual salary is $66,360. The average annual salary for the bottom 10 percent earners is $47,510.
The table and chart below show the trend of the median salary of postsecondary psychology teachers from 2012 to 2021. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 7-Year Growth |
|---|---|---|---|
| 2021 | $66,360 | 13.74% | -15.46% |
| 2016 | $57,240 | -40.67% | - |
| 2015 | $80,520 | 4.84% | - |
| 2014 | $76,620 | - | - |
From Table 3 we note that with a median annual salary of $66,360, Lexington-Fayette is the highest paying city for postsecondary psychology teachers in state of Kentucky, followed by West Central Kentucky nonmetropolitan area (median annual salary $61,350). In comparison, the median annual salary of postsecondary psychology teachers in Lexington-Fayette is 7.5 percent (7.5%) higher than that in West Central Kentucky nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Lexington-Fayette | |
| West Central Kentucky nonmetropolitan area | |
| South Central Kentucky nonmetropolitan area | |
| Louisville-Jefferson County | |
| West Kentucky nonmetropolitan area |