The annual salary statistics of postsecondary economics teachers in Buffalo-Niagara Falls, New York is shown in Table 1. The wage statistics of postsecondary economics teachers in Buffalo-Niagara Falls 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 | $64,320 |
| 25th Percentile Wage | $84,360 |
| 50th Percentile Wage | $101,360 |
| 75th Percentile Wage | $130,450 |
| 90th Percentile Wage | $163,610 |
Table 1 shows the average annual salary for postsecondary economics teachers in Buffalo-Niagara Falls, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $163,610. The median (50th percentile) annual salary is $101,360. The average annual salary for the bottom 10 percent earners is $64,320.
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 | $101,360 | -0.76% | 7.07% |
| 2021 | $102,130 | 6.51% | - |
| 2020 | $95,480 | 3.31% | - |
| 2019 | $92,320 | 1.86% | - |
| 2018 | $90,600 | 8.50% | - |
| 2017 | $82,900 | 3.14% | - |
| 2016 | $80,300 | -3.91% | - |
| 2015 | $83,440 | -10.44% | - |
| 2014 | $92,150 | -0.41% | - |
| 2013 | $92,530 | -1.79% | - |
| 2012 | $94,190 | - | - |
From Table 3 we note that the median annual salary of $101,360 in Buffalo-Niagara Falls 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 Buffalo-Niagara Falls is 34.8 percent (34.8%) lower than that in the highest paying Rochester and 36.4 percent (36.4%) higher than that in the lowest paying Southwest New York nonmetropolitan area.