The annual salary statistics of postsecondary business teachers in Grand Rapids-Wyoming, Michigan is shown in Table 1. The wage information of postsecondary business teachers in Grand Rapids-Wyoming 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 | $31,850 |
| 25th Percentile Wage | $49,320 |
| 50th Percentile Wage | $81,780 |
| 75th Percentile Wage | $134,660 |
| 90th Percentile Wage | $175,670 |
Table 1 shows the average annual salary for postsecondary business teachers in Grand Rapids-Wyoming, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $175,670. The median (50th percentile) annual salary is $81,780. The average annual salary for the bottom 10 percent earners is $31,850.
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 | 7-Year Growth |
|---|---|---|---|
| 2022 | $81,780 | 5.31% | 5.65% |
| 2021 | $77,440 | 11.40% | - |
| 2020 | $68,610 | 8.57% | - |
| 2019 | $62,730 | -49.59% | - |
| 2018 | $93,840 | 3.51% | - |
| 2017 | $90,550 | -14.03% | - |
| 2016 | $103,250 | 25.27% | - |
| 2015 | $77,160 | - | - |
From Table 3 we note that the median annual salary of $81,780 in Grand Rapids-Wyoming is in the middle of salary range for postsecondary business teachers in state of Michigan. In comparison, the annual salary of postsecondary business teachers in Grand Rapids-Wyoming is 54.2 percent (54.2%) lower than that in the highest paying Ann Arbor and 48.7 percent (48.7%) higher than that in the lowest paying Warren-Troy-Farmington Hills.
| Cities/Areas | Median Annual Salary |
|---|---|
| Ann Arbor | |
| Lansing-East Lansing | |
| Upper Peninsula of Michigan nonmetropolitan area | |
| Balance of Lower Peninsula of Michigan nonmetropolitan area | |
| Detroit-Warren-Livonia | |
| Detroit-Livonia-Dearborn | |
| Kalamazoo-Portage | |
| Flint | |
| Grand Rapids-Wyoming | |
| South Bend-Mishawaka | |
| Warren-Troy-Farmington Hills |