Occupational Employment and Wages, May 2010

25-1063 Economics Teachers, Postsecondary

Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.


National estimates for this occupation
Industry profile for this occupation
Geographic profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Mean wage
RSE (3)
13,020 1.6 % (4) $92,870 1.4 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $41,260 $60,290 $83,370 $113,670 $153,100
  (4)

Industry profile for this occupation: Top

Industries with the highest published employment and wages for this occupation are provided. For a list of all industries with employment in this occupation, see the Create Customized Tables function.

Industries with the highest levels of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Colleges, Universities, and Professional Schools 10,710 0.38 (4) $97,730
Junior Colleges 2,290 0.30 (4) $70,030

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Colleges, Universities, and Professional Schools 10,710 0.38 (4) $97,730
Junior Colleges 2,290 0.30 (4) $70,030

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Colleges, Universities, and Professional Schools 10,710 0.38 (4) $97,730
Junior Colleges 2,290 0.30 (4) $70,030


Geographic profile for this occupation: Top

States and areas with the highest published employment, location quotients, and wages for this occupation are provided. For a list of all areas with employment in this occupation, see the Create Customized Tables function.

States with the highest employment level in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 1,050 0.13 1.22 (4) $100,040
California 950 0.07 0.66 (4) $99,600
Texas 910 0.09 0.88 (4) $95,160
Pennsylvania 870 0.16 1.55 (4) $100,300
Massachusetts 730 0.24 2.29 (4) $119,820




States with the highest concentration of jobs and location quotients in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
District of Columbia 230 0.36 3.51 (4) $84,060
Massachusetts 730 0.24 2.29 (4) $119,820
Rhode Island 90 0.20 1.91 (4) $130,990
Connecticut 310 0.19 1.86 (4) $89,380
Maine 100 0.17 1.68 (4) $95,220




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Rhode Island 90 0.20 1.91 (4) $130,990
Arizona 100 0.04 0.42 (4) $129,960
Massachusetts 730 0.24 2.29 (4) $119,820
New Hampshire 80 0.14 1.33 (4) $117,670
New Jersey 270 0.07 0.69 (4) $115,120

Metropolitan areas with the highest employment level in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-White Plains-Wayne, NY-NJ Metropolitan Division 590 0.12 1.15 (4) $102,100
Boston-Cambridge-Quincy, MA NECTA Division 460 0.28 2.68 (4) $140,700
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 360 0.16 1.53 (4) $79,510
Philadelphia, PA Metropolitan Division 320 0.18 1.74 (4) $107,880
Chicago-Naperville-Joliet, IL Metropolitan Division 320 0.09 0.88 (4) $46,220
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 320 0.08 0.81 (4) $108,120
Atlanta-Sandy Springs-Marietta, GA 190 0.09 0.85 (4) $85,610
Minneapolis-St. Paul-Bloomington, MN-WI 170 0.10 1.00 (4) $77,660
Baltimore-Towson, MD 160 0.13 1.27 (4) $88,600
San Diego-Carlsbad-San Marcos, CA 150 0.12 1.16 (4) $92,190




Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Lexington-Fayette, KY 80 0.32 3.09 (4) $86,480
Boston-Cambridge-Quincy, MA NECTA Division 460 0.28 2.68 (4) $140,700
Springfield, MA-CT 80 0.27 2.62 (4) $79,340
Provo-Orem, UT 40 0.26 2.53 (4) $96,690
Allentown-Bethlehem-Easton, PA-NJ 80 0.24 2.35 (4) $107,050
Columbia, SC 80 0.23 2.27 (4) $72,820
Poughkeepsie-Newburgh-Middletown, NY 50 0.22 2.19 (4) $92,580
Rochester, NY 100 0.20 1.97 (4) $138,760
New Haven, CT 50 0.19 1.89 (4) $95,550
Toledo, OH 50 0.19 1.89 (4) $78,110




Top paying metropolitan areas for this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Boston-Cambridge-Quincy, MA NECTA Division 460 0.28 2.68 (4) $140,700
Rochester, NY 100 0.20 1.97 (4) $138,760
Phoenix-Mesa-Scottsdale, AZ 60 0.03 0.32 (4) $132,610
Providence-Fall River-Warwick, RI-MA (8) (8) (8) (4) $130,990
Nashville-Davidson--Murfreesboro--Franklin, TN 80 0.12 1.14 (4) $122,440
Riverside-San Bernardino-Ontario, CA 50 0.04 0.41 (4) $115,590
Newark-Union, NJ-PA Metropolitan Division 130 0.14 1.37 (4) $115,110
Raleigh-Cary, NC 40 0.09 0.83 (4) $113,890
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 320 0.08 0.81 (4) $108,120
Philadelphia, PA Metropolitan Division 320 0.18 1.74 (4) $107,880

Nonmetropolitan areas with the highest employment in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
North Central Massachusetts nonmetropolitan area 70 3.05 29.81 (4) $97,290
Balance of Lower Peninsula of Michigan nonmetropolitan area 50 0.18 1.74 (4) $106,090
West Central Kentucky nonmetropolitan area 40 0.26 2.58 (4) $82,800
Kansas nonmetropolitan area 40 0.10 0.99 (4) $62,770
Far Western Pennsylvania nonmetropolitan area 40 0.23 2.29 (4) $87,280

Nonmetropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
North Central Massachusetts nonmetropolitan area 70 3.05 29.81 (4) $97,290
West Central Kentucky nonmetropolitan area 40 0.26 2.58 (4) $82,800
Far Western Pennsylvania nonmetropolitan area 40 0.23 2.29 (4) $87,280
Southeast Minnesota nonmetropolitan area 40 0.21 2.02 (4) $89,090
Central Missouri nonmetropolitan area 30 0.20 1.99 (8) (8)

Top paying nonmetropolitan areas for this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southwest Maine nonmetropolitan area 30 0.17 1.63 (4) $106,670
Balance of Lower Peninsula of Michigan nonmetropolitan area 50 0.18 1.74 (4) $106,090
North Central Massachusetts nonmetropolitan area 70 3.05 29.81 (4) $97,290
Southeast Minnesota nonmetropolitan area 40 0.21 2.02 (4) $89,090
Far Western Pennsylvania nonmetropolitan area 40 0.23 2.29 (4) $87,280


About May 2010 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The median wage is the 50th percentile wage estimate--50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly mean wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(4) Wages for some occupations that do not generally work year-round, full time, are reported either as hourly wages or annual salaries depending on how they are typically paid.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OES estimates and related information:

May 2010 National Occupational Employment and Wage Estimates

May 2010 State Occupational Employment and Wage Estimates

May 2010 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2010 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2010 Occupational Employment and Wage Estimates in Zipped XLS files

Technical Notes

 

Last Modified Date: May 17, 2011