The annual salary statistics of postsecondary economics teachers in Grand Rapids-Wyoming, Michigan is shown in Table 1. The wage data of postsecondary economics 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 | $32,560 |
| 25th Percentile Wage | $61,700 |
| 50th Percentile Wage | $98,740 |
| 75th Percentile Wage | $135,640 |
| 90th Percentile Wage | $166,120 |
Table 1 shows the average annual salary for postsecondary economics 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 $166,120. The median (50th percentile) annual salary is $98,740. The average annual salary for the bottom 10 percent earners is $32,560.
The table and chart below show the trend of the median salary of postsecondary economics teachers from 2012 to 2022. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 2-Year Growth |
|---|---|---|---|
| 2022 | $98,740 | -0.37% | 8.35% |
| 2021 | $99,110 | 8.69% | - |
| 2020 | $90,500 | - | - |
From Table 3 we note that the median annual salary of $98,740 in Grand Rapids-Wyoming 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 Grand Rapids-Wyoming is 35.7 percent (35.7%) lower than that in the highest paying Ann Arbor and 19.8 percent (19.8%) 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 |