The annual salary statistics of postsecondary economics teachers in Detroit-Warren-Livonia, Michigan is shown in Table 1. The wage data of postsecondary economics teachers in Detroit-Warren-Livonia 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 | $60,190 |
| 25th Percentile Wage | $98,220 |
| 50th Percentile Wage | $103,880 |
| 75th Percentile Wage | $125,460 |
| 90th Percentile Wage | $151,990 |
Table 1 shows the average annual salary for postsecondary economics teachers in Detroit-Warren-Livonia, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $151,990. The median (50th percentile) annual salary is $103,880. The average annual salary for the bottom 10 percent earners is $60,190.
The table and chart below show the trend of the median salary of postsecondary economics teachers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $103,880 | -16.45% | 20.66% |
| 2021 | $120,970 | 9.12% | - |
| 2020 | $109,940 | 10.04% | - |
| 2019 | $98,900 | 2.89% | - |
| 2018 | $96,040 | 8.28% | - |
| 2017 | $88,090 | -4.28% | - |
| 2016 | $91,860 | 3.30% | - |
| 2015 | $88,830 | 9.01% | - |
| 2014 | $80,830 | -3.96% | - |
| 2013 | $84,030 | 1.92% | - |
| 2012 | $82,420 | - | - |
From Table 3 we note that the median annual salary of $103,880 in Detroit-Warren-Livonia is in the middle of salary range for postsecondary economics teachers in state of Michigan. In comparison, the annual salary of postsecondary economics teachers in Detroit-Warren-Livonia is 32.4 percent (32.4%) lower than that in the highest paying Ann Arbor and 23.8 percent (23.8%) higher than that in the lowest paying Warren-Troy-Farmington Hills.
| Cities/Areas | Median Annual Salary |
|---|---|
| Ann Arbor | |
| Lansing-East Lansing | |
| Balance of Lower Peninsula of Michigan nonmetropolitan area | |
| Detroit-Warren-Livonia | |
| Grand Rapids-Wyoming | |
| Detroit-Livonia-Dearborn | |
| Warren-Troy-Farmington Hills |