The annual salary statistics of postsecondary economics teachers in Albany-Schenectady-Troy, New York is shown in Table 1. The wage statistics of postsecondary economics teachers in Albany-Schenectady-Troy 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 | $75,420 |
| 25th Percentile Wage | $78,490 |
| 50th Percentile Wage | $98,800 |
| 75th Percentile Wage | $126,190 |
| 90th Percentile Wage | $133,450 |
Table 1 shows the average annual salary for postsecondary economics teachers in Albany-Schenectady-Troy, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $133,450. The median (50th percentile) annual salary is $98,800. The average annual salary for the bottom 10 percent earners is $75,420.
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 | $98,800 | -1.09% | 11.23% |
| 2021 | $99,880 | -8.62% | - |
| 2020 | $108,490 | 16.56% | - |
| 2019 | $90,520 | 6.54% | - |
| 2018 | $84,600 | 37.16% | - |
| 2017 | $53,160 | -40.50% | - |
| 2016 | $74,690 | 6.16% | - |
| 2015 | $70,090 | -19.80% | - |
| 2014 | $83,970 | -3.10% | - |
| 2013 | $86,570 | -1.31% | - |
| 2012 | $87,700 | - | - |
From Table 3 we note that the median annual salary of $98,800 in Albany-Schenectady-Troy is in the middle of salary range for postsecondary economics teachers in state of New York. In comparison, the annual salary of postsecondary economics teachers in Albany-Schenectady-Troy is 36.5 percent (36.5%) lower than that in the highest paying Rochester and 34.7 percent (34.7%) higher than that in the lowest paying Southwest New York nonmetropolitan area.