The annual salary statistics of postsecondary economics teachers in Nashville-Davidson--Murfreesboro--Franklin, Tennessee is shown in Table 1. The wage data of postsecondary economics teachers in Nashville-Davidson--Murfreesboro--Franklin 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 | $45,420 |
| 25th Percentile Wage | $62,820 |
| 50th Percentile Wage | $100,680 |
| 75th Percentile Wage | $164,600 |
| 90th Percentile Wage | $113,520 |
Table 1 shows the average annual salary for postsecondary economics teachers in Nashville-Davidson--Murfreesboro--Franklin, Tennessee in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $113,520. The median (50th percentile) annual salary is $100,680. The average annual salary for the bottom 10 percent earners is $45,420.
The table and chart below show the trend of the median salary of postsecondary economics teachers from 2012 to 2020.
| Year | Median Salary | Yearly Growth | 8-Year Growth |
|---|---|---|---|
| 2020 | $100,680 | -12.87% | 17.30% |
| 2019 | $113,640 | -10.45% | - |
| 2018 | $125,520 | 8.63% | - |
| 2017 | $114,690 | 14.66% | - |
| 2015 | $97,880 | 17.95% | - |
| 2013 | $80,310 | -3.67% | - |
| 2012 | $83,260 | - | - |
From Table 3 we note that with a median annual salary of $100,680, Nashville-Davidson--Murfreesboro--Franklin is the second highest paying city for postsecondary economics teachers in state of Tennessee, following the highest paying city Knoxville (median annual salary of $132,060). Compared with Knoxville, the median annual salary of postsecondary economics teachers in Nashville-Davidson--Murfreesboro--Franklin is 23.8 percent (23.8%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Knoxville | |
| Nashville-Davidson--Murfreesboro--Franklin | |
| South Central Tennessee nonmetropolitan area | |
| Memphis |