The annual salary statistics of postsecondary economics teachers in Utica-Rome, New York is shown in Table 1. The wage data of postsecondary economics teachers in Utica-Rome 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 | $46,120 |
| 25th Percentile Wage | $56,000 |
| 50th Percentile Wage | $73,940 |
| 75th Percentile Wage | $115,930 |
| 90th Percentile Wage | $150,020 |
Table 1 shows the average annual salary for postsecondary economics teachers in Utica-Rome, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $150,020. The median (50th percentile) annual salary is $73,940. The average annual salary for the bottom 10 percent earners is $46,120.
The table and chart below show the trend of the median salary of postsecondary economics teachers from 2012 to 2016.
| Year | Median Salary | Yearly Growth | 4-Year Growth |
|---|---|---|---|
| 2016 | $73,940 | -34.31% | -33.24% |
| 2015 | $99,310 | -0.23% | - |
| 2014 | $99,540 | -6.02% | - |
| 2013 | $105,530 | 6.64% | - |
| 2012 | $98,520 | - | - |
From Table 3 we note that the median annual salary of $73,940 in Utica-Rome 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 Utica-Rome is 52.5 percent (52.5%) lower than that in the highest paying Rochester and 12.8 percent (12.8%) higher than that in the lowest paying Southwest New York nonmetropolitan area.