The annual salary statistics of postsecondary business teachers in Virginia Beach-Norfolk-Newport News, Virginia is shown in Table 1. The wage data of postsecondary business teachers in Virginia Beach-Norfolk-Newport News 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 | $50,660 |
| 25th Percentile Wage | $62,180 |
| 50th Percentile Wage | $80,660 |
| 75th Percentile Wage | $128,860 |
| 90th Percentile Wage | $163,090 |
Table 1 shows the average annual salary for postsecondary business teachers in Virginia Beach-Norfolk-Newport News, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $163,090. The median (50th percentile) annual salary is $80,660. The average annual salary for the bottom 10 percent earners is $50,660.
The table and chart below show the trend of the median salary of postsecondary business teachers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $80,660 | -0.97% | 31.40% |
| 2021 | $81,440 | 3.27% | - |
| 2020 | $78,780 | 5.52% | - |
| 2019 | $74,430 | 1.16% | - |
| 2018 | $73,570 | 6.52% | - |
| 2017 | $68,770 | 6.99% | - |
| 2016 | $63,960 | 1.53% | - |
| 2015 | $62,980 | 4.51% | - |
| 2014 | $60,140 | 5.27% | - |
| 2013 | $56,970 | 2.88% | - |
| 2012 | $55,330 | - | - |
From Table 3 we note that the median annual salary of $80,660 in Virginia Beach-Norfolk-Newport News is in the middle of salary range for postsecondary business teachers in state of Virginia. In comparison, the annual salary of postsecondary business teachers in Virginia Beach-Norfolk-Newport News is 23.0 percent (23.0%) lower than that in the highest paying Blacksburg-Christiansburg-Radford and 47.4 percent (47.4%) higher than that in the lowest paying Southwestern Virginia nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Blacksburg-Christiansburg-Radford | |
| Northwestern Virginia nonmetropolitan area | |
| Richmond | |
| Virginia Beach-Norfolk-Newport News | |
| Southside Virginia nonmetropolitan area | |
| Kingsport-Bristol-Bristol | |
| Roanoke | |
| Lynchburg | |
| Harrisonburg | |
| Southwestern Virginia nonmetropolitan area |