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Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2023

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)
12,210 1.4 % (4) $ 133,650 0.7 %

Percentile wage estimates for Economics Teachers, Postsecondary:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $ 58,060 $ 82,110 $ 115,300 $ 168,240 $ 221,170
  (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 10,830 0.35 (4) $ 138,470
Junior Colleges 1,360 0.22 (4) $ 96,110

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 10,830 0.35 (4) $ 138,470
Junior Colleges 1,360 0.22 (4) $ 96,110

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 10,830 0.35 (4) $ 138,470
Junior Colleges 1,360 0.22 (4) $ 96,110


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 2023


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 1,560 0.17 2.06 (4) $ 146,190
California 980 0.05 0.68 (4) $ 158,130
Massachusetts 790 0.22 2.71 (4) $ 157,840
Texas 740 0.05 0.67 (4) $ 121,780
Pennsylvania 640 0.11 1.33 (4) $ 136,020


Map of location quotient of economics teachers, postsecondary by state, May 2023


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)
Vermont 80 0.27 3.36 (4) $ 116,340
Massachusetts 790 0.22 2.71 (4) $ 157,840
District of Columbia 150 0.21 2.60 (4) $ 152,780
Rhode Island 90 0.19 2.34 (8) (8)
Delaware 80 0.17 2.11 (4) $ 114,560


Map of annual mean wages of economics teachers, postsecondary by state, May 2023


Top paying states for Economics Teachers, Postsecondary:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Connecticut 260 0.15 1.92 (4) $ 201,460
New Hampshire 100 0.14 1.80 (4) $ 169,190
Maryland 160 0.06 0.76 (4) $ 161,920
Missouri 170 0.06 0.74 (4) $ 160,530
California 980 0.05 0.68 (4) $ 158,130



Map of employment of economics teachers, postsecondary by area, May 2023


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 1,220 0.13 1.59 (4) $ 155,940
Boston-Cambridge-Nashua, MA-NH 540 0.20 2.44 (4) $ 172,590
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 390 0.14 1.70 (4) $ 129,670
Chicago-Naperville-Elgin, IL-IN-WI 330 0.07 0.92 (4) $ 127,330
Los Angeles-Long Beach-Anaheim, CA 310 0.05 0.62 (4) $ 150,440
Washington-Arlington-Alexandria, DC-VA-MD-WV 260 0.08 1.06 (4) $ 149,430
Atlanta-Sandy Springs-Roswell, GA 170 0.06 0.77 (4) $ 142,140
Minneapolis-St. Paul-Bloomington, MN-WI 170 0.09 1.12 (4) $ 130,360
Dallas-Fort Worth-Arlington, TX 170 0.04 0.53 (4) $ 110,830
San Francisco-Oakland-Hayward, CA 150 0.06 0.77 (4) $ 172,380


Map of location quotient of economics teachers, postsecondary by area, May 2023


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)
Tuscaloosa, AL 60 0.53 6.63 (4) $ 163,830
Springfield, MA-CT 140 0.43 5.39 (4) $ 136,500
Athens-Clarke County, GA 40 0.39 4.91 (4) $ 80,110
Albany-Schenectady-Troy, NY 130 0.30 3.73 (4) $ 123,490
Fayetteville, NC 40 0.28 3.54 (4) $ 100,910
Boston-Cambridge-Nashua, MA-NH 540 0.20 2.44 (4) $ 172,590
Worcester, MA-CT 50 0.19 2.41 (4) $ 112,770
Rochester, NY 80 0.17 2.13 (4) $ 147,870
Greenville-Anderson-Mauldin, SC 70 0.17 2.10 (4) $ 117,660
Providence-Warwick, RI-MA 90 0.16 2.04 (8) (8)


Map of annual mean wages of economics teachers, postsecondary by area, May 2023


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)
Madison, WI 60 0.15 1.91 (4) $ 219,760
Boston-Cambridge-Nashua, MA-NH 540 0.20 2.44 (4) $ 172,590
San Francisco-Oakland-Hayward, CA 150 0.06 0.77 (4) $ 172,380
Austin-Round Rock, TX 110 0.09 1.14 (4) $ 172,030
Riverside-San Bernardino-Ontario, CA 50 0.03 0.40 (4) $ 164,210
Tuscaloosa, AL 60 0.53 6.63 (4) $ 163,830
Sacramento--Roseville--Arden-Arcade, CA 80 0.07 0.93 (4) $ 160,570
San Jose-Sunnyvale-Santa Clara, CA 110 0.10 1.19 (4) $ 160,140
Phoenix-Mesa-Scottsdale, AZ 70 0.03 0.39 (4) $ 158,130
Allentown-Bethlehem-Easton, PA-NJ 30 0.09 1.13 (4) $ 156,570

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)
Northeast Mississippi nonmetropolitan area 60 0.25 3.16 (4) $ 97,440
Balance of Lower Peninsula of Michigan nonmetropolitan area 40 0.14 1.71 (4) $ 114,560

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)
Northeast Mississippi nonmetropolitan area 60 0.25 3.16 (4) $ 97,440
Balance of Lower Peninsula of Michigan nonmetropolitan area 40 0.14 1.71 (4) $ 114,560

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)
Balance of Lower Peninsula of Michigan nonmetropolitan area 40 0.14 1.71 (4) $ 114,560
Massachusetts nonmetropolitan area (8) (8) (8) (4) $ 114,170
Northeast Mississippi nonmetropolitan area 60 0.25 3.16 (4) $ 97,440


About May 2023 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.

(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 2023 National Occupational Employment and Wage Estimates

May 2023 State Occupational Employment and Wage Estimates

May 2023 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2023 National Industry-Specific Occupational Employment and Wage Estimates

May 2023 Occupation Profiles

Technical Notes

 

Last Modified Date: April 3, 2024