The annual salary statistics of postsecondary psychology teachers in Louisville-Jefferson County, Kentucky is shown in Table 1. The wage statistics of postsecondary psychology teachers in Louisville-Jefferson County 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 | $49,930 |
| 25th Percentile Wage | $57,820 |
| 50th Percentile Wage | $57,820 |
| 75th Percentile Wage | $79,280 |
| 90th Percentile Wage | $93,850 |
Table 1 shows the average annual salary for postsecondary psychology teachers in Louisville-Jefferson County, Kentucky in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $93,850. The median (50th percentile) annual salary is $57,820. The average annual salary for the bottom 10 percent earners is $49,930.
The table and chart below show the trend of the median salary of postsecondary psychology teachers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $57,820 | 2.87% | -16.27% |
| 2021 | $56,160 | -29.01% | - |
| 2017 | $72,450 | -7.76% | - |
| 2016 | $78,070 | 7.28% | - |
| 2015 | $72,390 | 3.20% | - |
| 2014 | $70,070 | 3.62% | - |
| 2013 | $67,530 | 0.44% | - |
| 2012 | $67,230 | - | - |
From Table 3 we note that the median annual salary of $57,820 in Louisville-Jefferson County is in the middle of salary range for postsecondary psychology teachers in state of Kentucky. In comparison, the annual salary of postsecondary psychology teachers in Louisville-Jefferson County is 12.9 percent (12.9%) lower than that in the highest paying Lexington-Fayette and 11.5 percent (11.5%) higher than that in the lowest paying West 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 |