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Occupational Employment and Wage Statistics
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Occupational Employment and Wages, May 2020

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 Economics Teachers, Postsecondary
Industry profile for Economics Teachers, Postsecondary
Geographic profile for Economics Teachers, Postsecondary

National estimates for Economics Teachers, Postsecondary:

Employment estimate and mean wage estimates for Economics Teachers, Postsecondary:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Mean wage
RSE (3)
13,080 2.2 % (4) $ 123,720 1.3 %

Percentile wage estimates for Economics Teachers, Postsecondary:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $ 53,860 $ 75,710 $ 107,260 $ 152,110 (5)
  (4)

Industry profile for Economics Teachers, Postsecondary:

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

Industries with the highest levels of employment in Economics Teachers, Postsecondary:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Colleges, Universities, and Professional Schools 11,430 0.38 (4) $ 128,050
Junior Colleges 1,590 0.23 (4) $ 93,290
Technical and Trade Schools 30 0.02 (4) $ 92,620

Industries with the highest concentration of employment in Economics Teachers, Postsecondary:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Colleges, Universities, and Professional Schools 11,430 0.38 (4) $ 128,050
Junior Colleges 1,590 0.23 (4) $ 93,290
Technical and Trade Schools 30 0.02 (4) $ 92,620

Top paying industries for Economics Teachers, Postsecondary:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Colleges, Universities, and Professional Schools 11,430 0.38 (4) $ 128,050
Junior Colleges 1,590 0.23 (4) $ 93,290
Technical and Trade Schools 30 0.02 (4) $ 92,620


Geographic profile for Economics Teachers, Postsecondary:

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





States with the highest employment level in Economics Teachers, Postsecondary:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 2,050 0.24 2.51 (4) $ 137,290
Texas 950 0.08 0.84 (4) $ 111,790
Massachusetts 800 0.24 2.54 (4) $ 139,020
Pennsylvania 720 0.13 1.39 (4) $ 134,700
California 690 0.04 0.45 (4) $ 140,490




States with the highest concentration of jobs and location quotients in Economics Teachers, Postsecondary:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
District of Columbia 230 0.34 3.61 (4) $ 148,680
Massachusetts 800 0.24 2.54 (4) $ 139,020
Rhode Island 100 0.24 2.52 (4) $ 183,130
New York 2,050 0.24 2.51 (4) $ 137,290
Vermont 70 0.23 2.46 (4) $ 85,970




Top paying states for Economics Teachers, Postsecondary:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Rhode Island 100 0.24 2.52 (4) $ 183,130
New Hampshire 80 0.14 1.44 (4) $ 169,030
Indiana 240 0.08 0.89 (4) $ 166,780
District of Columbia 230 0.34 3.61 (4) $ 148,680
California 690 0.04 0.45 (4) $ 140,490





Metropolitan areas with the highest employment level in Economics Teachers, Postsecondary:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-Newark-Jersey City, NY-NJ-PA 1,710 0.19 2.05 (4) $ 136,580
Boston-Cambridge-Nashua, MA-NH 510 0.20 2.09 (4) $ 147,070
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 380 0.14 1.50 (8) (8)
Washington-Arlington-Alexandria, DC-VA-MD-WV 360 0.12 1.27 (4) $ 143,850
Los Angeles-Long Beach-Anaheim, CA 300 0.05 0.54 (4) $ 164,310
Dallas-Fort Worth-Arlington, TX 290 0.08 0.87 (4) $ 103,680
Chicago-Naperville-Elgin, IL-IN-WI 290 0.07 0.70 (4) $ 132,260
Houston-The Woodlands-Sugar Land, TX 240 0.08 0.86 (4) $ 111,930
Minneapolis-St. Paul-Bloomington, MN-WI 200 0.11 1.15 (4) $ 112,020
Springfield, MA-CT 160 0.52 5.56 (4) $ 130,400




Metropolitan areas with the highest concentration of jobs and location quotients in Economics Teachers, Postsecondary:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
College Station-Bryan, TX 100 0.91 9.63 (4) $ 170,880
Blacksburg-Christiansburg-Radford, VA 40 0.55 5.82 (4) $ 115,930
Springfield, MA-CT 160 0.52 5.56 (4) $ 130,400
Boulder, CO 70 0.36 3.85 (8) (8)
Syracuse, NY 100 0.35 3.68 (4) $ 123,640
Fargo, ND-MN 40 0.31 3.27 (4) $ 98,540
Worcester, MA-CT 80 0.29 3.07 (4) $ 115,920
Albany-Schenectady-Troy, NY 100 0.25 2.64 (4) $ 123,520
Huntsville, AL 50 0.20 2.16 (4) $ 111,380
Providence-Warwick, RI-MA 110 0.20 2.15 (4) $ 180,450




Top paying metropolitan areas for Economics Teachers, Postsecondary:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Providence-Warwick, RI-MA 110 0.20 2.15 (4) $ 180,450
Rochester, NY 90 0.20 2.12 (4) $ 175,010
Pittsburgh, PA 120 0.11 1.19 (4) $ 171,450
San Diego-Carlsbad, CA 90 0.07 0.70 (4) $ 171,260
College Station-Bryan, TX 100 0.91 9.63 (4) $ 170,880
Los Angeles-Long Beach-Anaheim, CA 300 0.05 0.54 (4) $ 164,310
Baton Rouge, LA (8) (8) (8) (4) $ 156,420
Allentown-Bethlehem-Easton, PA-NJ 60 0.16 1.71 (4) $ 155,320
Boston-Cambridge-Nashua, MA-NH 510 0.20 2.09 (4) $ 147,070
Washington-Arlington-Alexandria, DC-VA-MD-WV 360 0.12 1.27 (4) $ 143,850

Nonmetropolitan areas with the highest employment in Economics Teachers, Postsecondary:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Central East New York nonmetropolitan area 40 0.29 3.10 (4) $ 86,320
Northeastern Wisconsin nonmetropolitan area 30 0.18 1.90 (4) $ 74,750
Southern Ohio nonmetropolitan area 30 0.22 2.37 (4) $ 85,380
North Northeastern Ohio nonmetropolitan area (noncontiguous) 30 0.10 1.04 (4) $ 125,160

Nonmetropolitan areas with the highest concentration of jobs and location quotients in Economics Teachers, Postsecondary:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Central East New York nonmetropolitan area 40 0.29 3.10 (4) $ 86,320
Southern Ohio nonmetropolitan area 30 0.22 2.37 (4) $ 85,380
Northeastern Wisconsin nonmetropolitan area 30 0.18 1.90 (4) $ 74,750
North Northeastern Ohio nonmetropolitan area (noncontiguous) 30 0.10 1.04 (4) $ 125,160

Top paying nonmetropolitan areas for Economics Teachers, Postsecondary:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
North Northeastern Ohio nonmetropolitan area (noncontiguous) 30 0.10 1.04 (4) $ 125,160
Southeast Minnesota nonmetropolitan area (8) (8) (8) (4) $ 92,040
Central East New York nonmetropolitan area 40 0.29 3.10 (4) $ 86,320
Southern Ohio nonmetropolitan area 30 0.22 2.37 (4) $ 85,380
Northeastern Wisconsin nonmetropolitan area 30 0.18 1.90 (4) $ 74,750


About May 2020 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 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.

(5) This wage is equal to or greater than $100.00 per hour or $208,000 per year.

(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 OEWS estimates and related information:

May 2020 National Occupational Employment and Wage Estimates

May 2020 State Occupational Employment and Wage Estimates

May 2020 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2020 National Industry-Specific Occupational Employment and Wage Estimates

May 2020 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2021