The salary statistics of postsecondary economics teachers are shown in Table 1. In the next few tables we compare the average salaries of postsecondary economics teachers within different industry sectors and in the 50 states of the United States. The postsecondary economics teachers annual salary statistics are from 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 | $51,480 |
| 25th Percentile Wage | $76,580 |
| 50th Percentile Wage | $103,930 |
| 75th Percentile Wage | $144,980 |
| 90th Percentile Wage | $213,680 |
Table 1 shows the average annual salary for postsecondary economics teachers. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) postsecondary economics teachers is $213,680. The median annual salary (50th percentile) is $103,930. The average annual salary for the bottom 10 percent is $51,480. Notice that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 315% higher than that of the bottom 10 percent.
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 | $103,930 | -0.97% | 15.38% |
| 2021 | $104,940 | -2.21% | - |
| 2020 | $107,260 | 2.69% | - |
| 2019 | $104,370 | 2.77% | - |
| 2018 | $101,480 | 3.08% | - |
| 2017 | $98,350 | 2.62% | - |
| 2016 | $95,770 | 1.85% | - |
| 2015 | $94,000 | 3.33% | - |
| 2014 | $90,870 | 0.88% | - |
| 2013 | $90,070 | 2.35% | - |
| 2012 | $87,950 | - | - |
The average salaries of postsecondary economics teachers in 1 major industry sectors are shown in Table 2.
| Industry Sector | Median Annual Salary |
|---|---|
| Educational Services |
From the above tables we note that not only postsecondary economics teachers salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of postsecondary economics teachers in all 50 states of the United States. We note that the median annual salaries range from $49,640 to $148,520. The highest paying state for postsecondary economics teachers is Rhode Island with a median annual salary of $148,520. The lowest paying state is Florida with a median annual salary of $49,640. For more salary information of postsecondary economics teachers profession in a specific state, use the links in the table.