The annual salary statistics of postsecondary psychology teachers in Mankato-North Mankato, Minnesota is shown in Table 1. The wage information of postsecondary psychology teachers in Mankato-North Mankato 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 | $62,980 |
| 25th Percentile Wage | $63,140 |
| 50th Percentile Wage | $98,790 |
| 75th Percentile Wage | $130,620 |
| 90th Percentile Wage | $205,590 |
Table 1 shows the average annual salary for postsecondary psychology teachers in Mankato-North Mankato, Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $205,590. The median (50th percentile) annual salary is $98,790. The average annual salary for the bottom 10 percent earners is $62,980.
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 | 9-Year Growth |
|---|---|---|---|
| 2022 | $98,790 | 19.62% | 11.11% |
| 2021 | $79,410 | -10.58% | - |
| 2019 | $87,810 | 2.11% | - |
| 2018 | $85,960 | -2.15% | - |
| 2013 | $87,810 | - | - |
From Table 3 we note that with a median annual salary of $98,790, Mankato-North Mankato is the highest paying city for postsecondary psychology teachers in state of Minnesota, followed by Southeast Minnesota nonmetropolitan area (median annual salary $84,420). In comparison, the median annual salary of postsecondary psychology teachers in Mankato-North Mankato is 14.5 percent (14.5%) higher than that in Southeast Minnesota nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Mankato-North Mankato | |
| Southeast Minnesota nonmetropolitan area | |
| Northwest Minnesota nonmetropolitan area | |
| St Cloud |