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Occupational Employment Statistics
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Occupational Employment and Wages, May 2019

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)
13,270 2.3 % (4) $119,160 1.4 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $51,090 $73,330 $104,370 $146,270 $206,150
  (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 11,620 0.38 (4) $123,290
Junior Colleges 1,600 0.22 (4) $90,030

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 11,620 0.38 (4) $123,290
Junior Colleges 1,600 0.22 (4) $90,030

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 11,620 0.38 (4) $123,290
Junior Colleges 1,600 0.22 (4) $90,030


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 2,080 0.22 2.41 (4) $135,000
Massachusetts 880 0.24 2.68 (4) $125,090
Texas 860 0.07 0.77 (4) $111,010
Pennsylvania 710 0.12 1.34 (4) $131,250
California 690 0.04 0.44 (4) $146,410




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 0.31 3.45 (4) $113,500
Massachusetts 880 0.24 2.68 (4) $125,090
Rhode Island 110 0.23 2.59 (4) $161,180
New York 2,080 0.22 2.41 (4) $135,000
Nebraska 160 0.16 1.82 (4) $96,590




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 0.12 1.37 (4) $168,130
Rhode Island 110 0.23 2.59 (4) $161,180
California 690 0.04 0.44 (4) $146,410
Indiana 260 0.08 0.93 (4) $139,490
New York 2,080 0.22 2.41 (4) $135,000





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 1,520 0.16 1.74 (4) $136,150
Boston-Cambridge-Nashua, MA-NH 560 0.20 2.21 (4) $128,500
Washington-Arlington-Alexandria, DC-VA-MD-WV 380 0.12 1.34 (4) $120,530
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 360 0.12 1.38 (4) $129,320
Los Angeles-Long Beach-Anaheim, CA 330 0.05 0.59 (4) $161,460
Chicago-Naperville-Elgin, IL-IN-WI 320 0.07 0.76 (4) $128,570
Dallas-Fort Worth-Arlington, TX 210 0.06 0.64 (4) $101,130
Rochester, NY 210 0.40 4.39 (4) $160,430
Houston-The Woodlands-Sugar Land, TX 190 0.06 0.67 (4) $117,540
Minneapolis-St. Paul-Bloomington, MN-WI 170 0.09 0.96 (4) $125,460




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 100 0.90 9.95 (4) $169,320
Durham-Chapel Hill, NC 160 0.52 5.78 (8) (8)
Springfield, MA-CT 170 0.51 5.62 (4) $116,150
Lincoln, NE 80 0.43 4.71 (4) $115,230
Syracuse, NY 130 0.42 4.63 (4) $114,850
Rochester, NY 210 0.40 4.39 (4) $160,430
Worcester, MA-CT 90 0.32 3.59 (8) (8)
Providence-Warwick, RI-MA 120 0.20 2.21 (4) $158,730
Boston-Cambridge-Nashua, MA-NH 560 0.20 2.21 (4) $128,500
Huntsville, AL 50 0.20 2.21 (4) $109,110




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)
College Station-Bryan, TX 100 0.90 9.95 (4) $169,320
San Diego-Carlsbad, CA 90 0.06 0.64 (4) $162,330
Los Angeles-Long Beach-Anaheim, CA 330 0.05 0.59 (4) $161,460
Rochester, NY 210 0.40 4.39 (4) $160,430
Providence-Warwick, RI-MA 120 0.20 2.21 (4) $158,730
Baton Rouge, LA (8) (8) (8) (4) $158,090
Sacramento--Roseville--Arden-Arcade, CA 50 0.04 0.49 (4) $157,230
Pittsburgh, PA 130 0.11 1.20 (4) $156,660
Allentown-Bethlehem-Easton, PA-NJ 60 0.17 1.88 (4) $148,990
Tucson, AZ 40 0.12 1.29 (4) $146,440

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)
Central Kentucky nonmetropolitan area 50 0.30 3.33 (4) $94,870
Northwest Virginia nonmetropolitan area 50 0.77 8.49 (4) $106,820
Central East New York nonmetropolitan area 40 0.28 3.08 (4) $81,680
Southwest Maine nonmetropolitan area 40 0.21 2.35 (4) $103,300
Capital/Northern New York nonmetropolitan area 40 0.24 2.68 (4) $93,260

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 50 0.77 8.49 (4) $106,820
Central Kentucky nonmetropolitan area 50 0.30 3.33 (4) $94,870
Central East New York nonmetropolitan area 40 0.28 3.08 (4) $81,680
Capital/Northern New York nonmetropolitan area 40 0.24 2.68 (4) $93,260
Southwest Maine nonmetropolitan area 40 0.21 2.35 (4) $103,300

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 50 0.77 8.49 (4) $106,820
North Northeastern Ohio non-metropolitan area (non-contiguous) 30 0.09 1.02 (4) $105,760
Southwest Maine nonmetropolitan area 40 0.21 2.35 (4) $103,300
Central Kentucky nonmetropolitan area 50 0.30 3.33 (4) $94,870
Capital/Northern New York nonmetropolitan area 40 0.24 2.68 (4) $93,260


About May 2019 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 2019 National Occupational Employment and Wage Estimates

May 2019 State Occupational Employment and Wage Estimates

May 2019 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2019 National Industry-Specific Occupational Employment and Wage Estimates

May 2019 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2020