The annual salary statistics of postsecondary economics teachers in Raleigh-Cary, North Carolina is shown in Table 1. The wage data of postsecondary economics teachers in Raleigh-Cary 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 | $49,990 |
| 25th Percentile Wage | $60,370 |
| 50th Percentile Wage | $74,510 |
| 75th Percentile Wage | $91,680 |
| 90th Percentile Wage | $106,310 |
Table 1 shows the average annual salary for postsecondary economics teachers in Raleigh-Cary, North Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $106,310. The median (50th percentile) annual salary is $74,510. The average annual salary for the bottom 10 percent earners is $49,990.
The table and chart below show the trend of the median salary of postsecondary economics teachers from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $74,510 | 2.63% | -42.30% |
| 2018 | $72,550 | 0.92% | - |
| 2017 | $71,880 | -72.01% | - |
| 2016 | $123,640 | 3.34% | - |
| 2015 | $119,510 | 2.23% | - |
| 2014 | $116,840 | 5.79% | - |
| 2013 | $110,080 | 3.68% | - |
| 2012 | $106,030 | - | - |
From Table 3 we note that with a median annual salary of $74,510, Raleigh-Cary is the lowest paying city for postsecondary economics teachers in state of North Carolina, following city of Durham-Chapel Hill (median annual salary of $114,770). Also we note that in comparison, the annual salary of postsecondary economics teachers in Raleigh-Cary is about 35.1 percent (35.1%) lower than that of the highest paying city Durham-Chapel Hill.
| Cities/Areas | Median Annual Salary |
|---|---|
| Durham-Chapel Hill | |
| Greensboro-High Point | |
| Raleigh-Cary |