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Occupational Employment Statistics
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Occupational Employment and Wages, May 2018

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)
12,750 2.0 % (4) $117,180 1.4 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $51,070 $72,430 $101,480 $141,690 $202,460
  (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 11,130 0.37 (4) $122,460
Junior Colleges 1,610 0.22 (4) $80,940

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 11,130 0.37 (4) $122,460
Junior Colleges 1,610 0.22 (4) $80,940

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 11,130 0.37 (4) $122,460
Junior Colleges 1,610 0.22 (4) $80,940


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 1,650 0.18 2.00 (4) $129,370
Texas 1,020 0.08 0.96 (4) $115,240
Massachusetts 870 0.24 2.77 (4) $125,120
Pennsylvania 710 0.12 1.37 (4) $131,060
California 700 0.04 0.47 (4) $139,050




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 0.32 3.65 (4) $110,350
Massachusetts 870 0.24 2.77 (4) $125,120
Rhode Island 100 0.22 2.45 (4) $156,620
New York 1,650 0.18 2.00 (4) $129,370
South Dakota 60 0.14 1.62 (4) $86,280




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New Hampshire 80 0.13 1.42 (4) $161,830
Rhode Island 100 0.22 2.45 (4) $156,620
California 700 0.04 0.47 (4) $139,050
Iowa 150 0.10 1.10 (4) $133,600
Pennsylvania 710 0.12 1.37 (4) $131,060





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-Newark-Jersey City, NY-NJ-PA 1,130 0.12 1.35 (4) $127,110
Boston-Cambridge-Nashua, MA-NH 560 0.20 2.32 (4) $128,110
Washington-Arlington-Alexandria, DC-VA-MD-WV 400 0.13 1.46 (4) $119,030
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 390 0.14 1.54 (4) $139,500
Chicago-Naperville-Elgin, IL-IN-WI 380 0.08 0.92 (4) $131,800
Dallas-Fort Worth-Arlington, TX 270 0.08 0.87 (4) $97,460
Los Angeles-Long Beach-Anaheim, CA 220 0.04 0.42 (4) $132,240
Houston-The Woodlands-Sugar Land, TX 200 0.07 0.78 (4) $127,530
Durham-Chapel Hill, NC 180 0.58 6.60 (4) $140,610
Minneapolis-St. Paul-Bloomington, MN-WI 170 0.09 0.99 (4) $121,070




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)
College Station-Bryan, TX 110 0.99 11.21 (4) $176,330
Durham-Chapel Hill, NC 180 0.58 6.60 (4) $140,610
Springfield, MA-CT 170 0.50 5.71 (4) $117,440
Syracuse, NY 100 0.33 3.80 (4) $121,540
Lincoln, NE 60 0.32 3.66 (4) $104,550
Albany-Schenectady-Troy, NY 140 0.30 3.46 (4) $89,810
Worcester, MA-CT 80 0.29 3.35 (8) (8)
Boston-Cambridge-Nashua, MA-NH 560 0.20 2.32 (4) $128,110
Greensboro-High Point, NC 70 0.20 2.29 (4) $83,040
Providence-Warwick, RI-MA 110 0.18 2.08 (4) $157,010




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)
College Station-Bryan, TX 110 0.99 11.21 (4) $176,330
Rochester, NY (8) (8) (8) (4) $159,220
Sacramento--Roseville--Arden-Arcade, CA 50 0.05 0.55 (4) $158,960
Providence-Warwick, RI-MA 110 0.18 2.08 (4) $157,010
Allentown-Bethlehem-Easton, PA-NJ 60 0.17 1.89 (4) $156,930
San Francisco-Oakland-Hayward, CA 100 0.04 0.49 (4) $151,330
San Diego-Carlsbad, CA 110 0.07 0.83 (4) $147,900
Nashville-Davidson--Murfreesboro--Franklin, TN 100 0.10 1.12 (4) $142,570
Austin-Round Rock, TX 80 0.08 0.93 (4) $142,410
Durham-Chapel Hill, NC 180 0.58 6.60 (4) $140,610

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 Texas Region of Texas nonmetropolitan area 60 0.21 2.34 (4) $88,970
Northwest Virginia nonmetropolitan area 60 0.85 9.62 (4) $106,790
Central Kentucky nonmetropolitan area 50 0.30 3.36 (4) $96,100
Central East New York nonmetropolitan area 50 0.28 3.19 (4) $78,580
Southwest Maine nonmetropolitan area 40 0.21 2.43 (4) $96,730

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)
Northwest Virginia nonmetropolitan area 60 0.85 9.62 (4) $106,790
Central Kentucky nonmetropolitan area 50 0.30 3.36 (4) $96,100
Central East New York nonmetropolitan area 50 0.28 3.19 (4) $78,580
North Texas Region of Texas nonmetropolitan area 60 0.21 2.34 (4) $88,970
Capital/Northern New York nonmetropolitan area 30 0.21 2.37 (4) $86,410

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)
Northwest Virginia nonmetropolitan area 60 0.85 9.62 (4) $106,790
Northeast Mississippi nonmetropolitan area 40 0.15 1.73 (4) $96,820
Southwest Maine nonmetropolitan area 40 0.21 2.43 (4) $96,730
Central Kentucky nonmetropolitan area 50 0.30 3.36 (4) $96,100
North Texas Region of Texas nonmetropolitan area 60 0.21 2.34 (4) $88,970


About May 2018 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 OES estimates and related information:

May 2018 National Occupational Employment and Wage Estimates

May 2018 State Occupational Employment and Wage Estimates

May 2018 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2018 National Industry-Specific Occupational Employment and Wage Estimates

May 2018 Occupation Profiles

Technical Notes

 

Last Modified Date: March 29, 2019