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Occupational Employment and Wage Statistics
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Occupational Employment and Wages, May 2021

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)
11,790 0.6 % (4) $ 124,090 0.4 %

Percentile wage estimates for Economics Teachers, Postsecondary:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $ 58,330 $ 78,400 $ 104,940 $ 157,320 (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 10,250 0.34 (4) $ 128,030
Junior Colleges 1,490 0.24 (4) $ 97,980

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 10,250 0.34 (4) $ 128,030
Junior Colleges 1,490 0.24 (4) $ 97,980

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 10,250 0.34 (4) $ 128,030
Junior Colleges 1,490 0.24 (4) $ 97,980


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.



Map of employment of economics teachers, postsecondary by state, May 2021


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 1,620 0.19 2.23 (4) $ 135,050
Texas 890 0.07 0.87 (4) $ 108,980
California 700 0.04 0.51 (4) $ 165,280
Pennsylvania 620 0.11 1.32 (4) $ 130,890
Massachusetts 540 0.16 1.91 (4) $ 150,030


Map of location quotient of economics teachers, postsecondary by state, May 2021


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 170 0.26 3.06 (4) $ 156,490
Rhode Island 110 0.25 2.96 (8) (8)
Vermont 60 0.21 2.53 (4) $ 84,560
New York 1,620 0.19 2.23 (4) $ 135,050
Massachusetts 540 0.16 1.91 (4) $ 150,030


Map of annual mean wages of economics teachers, postsecondary by state, May 2021


Top paying states for Economics Teachers, Postsecondary:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New Hampshire 70 0.10 1.24 (4) $ 168,400
Montana (8) (8) (8) (4) $ 167,320
California 700 0.04 0.51 (4) $ 165,280
Indiana 260 0.09 1.03 (4) $ 164,810
District of Columbia 170 0.26 3.06 (4) $ 156,490



Map of employment of economics teachers, postsecondary by area, May 2021


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 1,300 0.15 1.78 (4) $ 137,380
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 370 0.14 1.65 (4) $ 128,780
Boston-Cambridge-Nashua, MA-NH 350 0.14 1.64 (4) $ 166,870
Washington-Arlington-Alexandria, DC-VA-MD-WV 310 0.10 1.26 (4) $ 143,710
Chicago-Naperville-Elgin, IL-IN-WI 310 0.07 0.87 (4) $ 131,750
Los Angeles-Long Beach-Anaheim, CA 290 0.05 0.61 (4) $ 172,600
Dallas-Fort Worth-Arlington, TX 220 0.06 0.73 (4) $ 111,330
Houston-The Woodlands-Sugar Land, TX 200 0.07 0.84 (4) $ 113,770
Minneapolis-St. Paul-Bloomington, MN-WI 180 0.10 1.17 (4) $ 121,110
Seattle-Tacoma-Bellevue, WA 160 0.09 1.02 (4) $ 130,020


Map of location quotient of economics teachers, postsecondary by area, May 2021


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)
Blacksburg-Christiansburg-Radford, VA 40 0.56 6.65 (4) $ 121,800
New Haven, CT 120 0.44 5.26 (4) $ 115,850
Lincoln, NE 70 0.41 4.89 (4) $ 121,670
Springfield, MA-CT 110 0.36 4.29 (4) $ 120,820
Fargo, ND-MN 40 0.32 3.83 (4) $ 109,140
Trenton, NJ 70 0.30 3.54 (4) $ 131,780
Syracuse, NY 80 0.29 3.43 (8) (8)
Albany-Schenectady-Troy, NY 100 0.25 2.93 (4) $ 106,060
Providence-Warwick, RI-MA 120 0.21 2.57 (8) (8)
Buffalo-Cheektowaga-Niagara Falls, NY 80 0.15 1.83 (4) $ 110,140


Map of annual mean wages of economics teachers, postsecondary by area, May 2021


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)
Sacramento--Roseville--Arden-Arcade, CA 40 0.04 0.54 (4) $ 180,550
San Diego-Carlsbad, CA 100 0.08 0.90 (4) $ 180,490
Los Angeles-Long Beach-Anaheim, CA 290 0.05 0.61 (4) $ 172,600
Boston-Cambridge-Nashua, MA-NH 350 0.14 1.64 (4) $ 166,870
San Francisco-Oakland-Hayward, CA 90 0.04 0.50 (4) $ 161,620
Riverside-San Bernardino-Ontario, CA 30 0.02 0.26 (4) $ 146,530
Washington-Arlington-Alexandria, DC-VA-MD-WV 310 0.10 1.26 (4) $ 143,710
Allentown-Bethlehem-Easton, PA-NJ 40 0.13 1.51 (4) $ 138,700
Tucson, AZ 40 0.11 1.30 (4) $ 137,670
New York-Newark-Jersey City, NY-NJ-PA 1,300 0.15 1.78 (4) $ 137,380

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 50 0.30 3.59 (4) $ 85,470
East South Dakota nonmetropolitan area 40 0.30 3.57 (4) $ 94,660
Eastern Washington nonmetropolitan area 30 0.32 3.82 (4) $ 127,720

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)
Eastern Washington nonmetropolitan area 30 0.32 3.82 (4) $ 127,720
Central East New York nonmetropolitan area 50 0.30 3.59 (4) $ 85,470
East South Dakota nonmetropolitan area 40 0.30 3.57 (4) $ 94,660

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)
Eastern Washington nonmetropolitan area 30 0.32 3.82 (4) $ 127,720
East South Dakota nonmetropolitan area 40 0.30 3.57 (4) $ 94,660
Central East New York nonmetropolitan area 50 0.30 3.59 (4) $ 85,470


About May 2021 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 2021 National Occupational Employment and Wage Estimates

May 2021 State Occupational Employment and Wage Estimates

May 2021 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2021 National Industry-Specific Occupational Employment and Wage Estimates

May 2021 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2022