The average annual salaries for postsecondary economics teachers in the state of Ohio are shown in Table 1. The comparison of the salary statistics of postsecondary economics teachers among Ohio areas is shown in Table 2. The salary statistics are 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 | $37,030 |
| 25th Percentile Wage | $51,400 |
| 50th Percentile Wage | $87,660 |
| 75th Percentile Wage | $111,170 |
| 90th Percentile Wage | $157,040 |
Table 1 shows the average annual salary for postsecondary economics teachers in Ohio in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $157,040. The median (50th percentile) annual salary is $87,660. The average annual salary for the bottom 10 percent is $37,030.
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 | $87,660 | -12.74% | 1.51% |
| 2021 | $98,830 | -5.38% | - |
| 2020 | $104,150 | 0.34% | - |
| 2019 | $103,800 | 3.74% | - |
| 2018 | $99,920 | 3.06% | - |
| 2017 | $96,860 | 2.91% | - |
| 2016 | $94,040 | 0.30% | - |
| 2015 | $93,760 | -0.71% | - |
| 2014 | $94,430 | 2.12% | - |
| 2013 | $92,430 | 6.59% | - |
| 2012 | $86,340 | - | - |
Table 3 shows the median annual salary of postsecondary economics teachers in some Ohio cities and metropolitan areas. We note that the median annual salary of postsecondary economics teachers in state of Ohio ranges from $74,430 to $106,180. The highest paying area for postsecondary economics teachers in Ohio is Other Ohio nonmetropolitan area with a median annual salary of $106,180. The second highest paying city/area in Ohio State is Columbus (mean annual salary $104,220). The lowest paying area is Dayton with a median annual salary of $74,430.
| Cities/Areas | Median Annual Salary |
|---|---|
| Other Ohio nonmetropolitan area | |
| Columbus | |
| Cincinnati-Middletown | |
| Cleveland-Elyria-Mentor | |
| Southern Ohio nonmetropolitan area | |
| Toledo | |
| Dayton |