The annual salary statistics of postsecondary economics teachers in Lynchburg, Virginia is shown in Table 1. The wage data of postsecondary economics teachers in Lynchburg 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 | $36,320 |
| 25th Percentile Wage | $50,270 |
| 50th Percentile Wage | $76,850 |
| 75th Percentile Wage | $120,770 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for postsecondary economics teachers in Lynchburg, Virginia in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $120,770. The median (50th percentile) annual salary is $76,850. The average annual salary for the bottom 10 percent earners is $36,320.
The table and chart below show the trend of the median salary of postsecondary economics teachers from 2012 to 2015. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 3-Year Growth |
|---|---|---|---|
| 2015 | $76,850 | 0.00% | 0.00% |
| 2012 | $76,850 | - | - |
From Table 3 we note that with a median annual salary of $76,850, Lynchburg is the lowest paying city for postsecondary economics teachers in state of Virginia, following city of Northwestern Virginia nonmetropolitan area (median annual salary of $110,460). Compared with the highest paying city Northwestern Virginia nonmetropolitan area, the median annual salary of postsecondary economics teachers in Lynchburg is 30.4 percent (30.4%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Northwestern Virginia nonmetropolitan area | |
| Richmond | |
| Blacksburg-Christiansburg-Radford | |
| Virginia Beach-Norfolk-Newport News | |
| Lynchburg |