The annual salary statistics of postsecondary economics teachers in Columbia, South Carolina is shown in Table 1. The wage data of postsecondary economics teachers in Columbia 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 | $19,200 |
| 25th Percentile Wage | $57,890 |
| 50th Percentile Wage | $80,320 |
| 75th Percentile Wage | $104,170 |
| 90th Percentile Wage | $134,250 |
Table 1 shows the average annual salary for postsecondary economics teachers in Columbia, South Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $134,250. The median (50th percentile) annual salary is $80,320. The average annual salary for the bottom 10 percent earners is $19,200.
The table and chart below show the trend of the median salary of postsecondary economics teachers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $80,320 | 7.73% | 7.73% |
| 2016 | $74,110 | 9.85% | - |
| 2015 | $66,810 | -5.97% | - |
| 2014 | $70,800 | -5.14% | - |
| 2013 | $74,440 | 0.44% | - |
| 2012 | $74,110 | - | - |
From Table 3 we note that the median annual salary of $80,320 in Columbia is in the middle of salary range for postsecondary economics teachers in state of South Carolina. In comparison, the annual salary of postsecondary economics teachers in Columbia is 25.5 percent (25.5%) lower than that in the highest paying Greenville-Mauldin-Easley and 16.9 percent (16.9%) higher than that in the lowest paying Spartanburg.
| Cities/Areas | Median Annual Salary |
|---|---|
| Greenville-Mauldin-Easley | |
| Charlotte-Gastonia-Rock Hill | |
| Columbia | |
| Charleston-North Charleston-Summerville | |
| Spartanburg |