The annual salary statistics of postsecondary business teachers in Akron, Ohio is shown in Table 1. The wage data of postsecondary business teachers in Akron 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 | $38,540 |
| 25th Percentile Wage | $64,030 |
| 50th Percentile Wage | $98,830 |
| 75th Percentile Wage | $157,540 |
| 90th Percentile Wage | $199,170 |
Table 1 shows the average annual salary for postsecondary business teachers in Akron, Ohio in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $199,170. The median (50th percentile) annual salary is $98,830. The average annual salary for the bottom 10 percent earners is $38,540.
The table and chart below show the trend of the median salary of postsecondary business teachers from 2012 to 2021.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2021 | $98,830 | 14.01% | 33.69% |
| 2018 | $84,980 | 3.41% | - |
| 2017 | $82,080 | 20.16% | - |
| 2016 | $65,530 | -1.66% | - |
| 2015 | $66,620 | 2.07% | - |
| 2014 | $65,240 | -0.44% | - |
| 2012 | $65,530 | - | - |
From Table 3 we note that with a median annual salary of $98,830, Akron is the second highest paying city for postsecondary business teachers in state of Ohio, following the highest paying city Southern Ohio nonmetropolitan area (median annual salary of $105,770). Compared with Southern Ohio nonmetropolitan area, the median annual salary of postsecondary business teachers in Akron is 6.6 percent (6.6%) lower.