Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2022

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)
11,640 0.6 % (4) $ 122,750 0.6 %

Percentile wage estimates for Economics Teachers, Postsecondary:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $ 51,480 $ 76,580 $ 103,930 $ 144,980 $ 213,680
  (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) $ 127,410
Junior Colleges 1,350 0.22 (4) $ 88,190

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) $ 127,410
Junior Colleges 1,350 0.22 (4) $ 88,190

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) $ 127,410
Junior Colleges 1,350 0.22 (4) $ 88,190


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 2022


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 1,530 0.17 2.13 (4) $ 138,100
Texas 920 0.07 0.90 (4) $ 117,140
Massachusetts 600 0.17 2.14 (4) $ 152,400
Pennsylvania 590 0.10 1.29 (4) $ 122,200
California 540 0.03 0.39 (4) $ 145,020


Map of location quotient of economics teachers, postsecondary by state, May 2022


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 120 0.40 5.05 (4) $ 104,250
District of Columbia 140 0.21 2.64 (4) $ 142,590
Rhode Island 100 0.21 2.64 (8) (8)
Massachusetts 600 0.17 2.14 (4) $ 152,400
New York 1,530 0.17 2.13 (4) $ 138,100


Map of annual mean wages of economics teachers, postsecondary by state, May 2022


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 230 0.14 1.80 (4) $ 187,610
Massachusetts 600 0.17 2.14 (4) $ 152,400
New Hampshire 100 0.16 2.00 (4) $ 148,580
California 540 0.03 0.39 (4) $ 145,020
District of Columbia 140 0.21 2.64 (4) $ 142,590



Map of employment of economics teachers, postsecondary by area, May 2022


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 1,260 0.14 1.75 (4) $ 143,020
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 400 0.14 1.81 (4) $ 118,250
Boston-Cambridge-Nashua, MA-NH 380 0.14 1.80 (4) $ 173,280
Dallas-Fort Worth-Arlington, TX 280 0.07 0.94 (4) $ 112,300
Washington-Arlington-Alexandria, DC-VA-MD-WV 260 0.09 1.10 (4) $ 134,720
Chicago-Naperville-Elgin, IL-IN-WI 250 0.06 0.73 (4) $ 112,320
Minneapolis-St. Paul-Bloomington, MN-WI 200 0.11 1.35 (4) $ 118,350
Los Angeles-Long Beach-Anaheim, CA 190 0.03 0.40 (4) $ 138,000
Houston-The Woodlands-Sugar Land, TX 160 0.05 0.68 (4) $ 105,700
Baltimore-Columbia-Towson, MD 150 0.12 1.47 (4) $ 111,800


Map of location quotient of economics teachers, postsecondary by area, May 2022


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 50 0.55 6.97 (4) $ 154,610
Springfield, MA-CT 120 0.37 4.68 (4) $ 123,150
Trenton, NJ 60 0.27 3.39 (4) $ 133,370
Albany-Schenectady-Troy, NY 110 0.25 3.16 (4) $ 104,730
Providence-Warwick, RI-MA 100 0.18 2.30 (8) (8)
Madison, WI 70 0.17 2.17 (4) $ 174,700
Worcester, MA-CT 50 0.17 2.12 (4) $ 105,390
Greenville-Anderson-Mauldin, SC 70 0.16 2.06 (4) $ 111,750
Rochester, NY 70 0.15 1.86 (8) (8)
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 400 0.14 1.81 (4) $ 118,250


Map of annual mean wages of economics teachers, postsecondary by area, May 2022


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)
San Diego-Carlsbad, CA 80 0.06 0.71 (4) $ 176,360
Madison, WI 70 0.17 2.17 (4) $ 174,700
Boston-Cambridge-Nashua, MA-NH 380 0.14 1.80 (4) $ 173,280
St. Louis, MO-IL 120 0.09 1.12 (4) $ 166,480
Austin-Round Rock, TX 100 0.09 1.08 (4) $ 163,240
San Francisco-Oakland-Hayward, CA 80 0.03 0.44 (4) $ 157,270
Tuscaloosa, AL 50 0.55 6.97 (4) $ 154,610
Allentown-Bethlehem-Easton, PA-NJ 30 0.09 1.13 (4) $ 144,230
New York-Newark-Jersey City, NY-NJ-PA 1,260 0.14 1.75 (4) $ 143,020
Des Moines-West Des Moines, IA (8) (8) (8) (4) $ 139,680

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 50 0.23 2.90 (4) $ 92,660
Southeast Minnesota nonmetropolitan area 40 0.28 3.52 (4) $ 107,560
Balance of Lower Peninsula of Michigan nonmetropolitan area 40 0.14 1.80 (4) $ 97,590
Eastern Washington nonmetropolitan area 30 0.34 4.34 (4) $ 123,910

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 0.34 4.34 (4) $ 123,910
Southeast Minnesota nonmetropolitan area 40 0.28 3.52 (4) $ 107,560
Northeast Mississippi nonmetropolitan area 50 0.23 2.90 (4) $ 92,660
Balance of Lower Peninsula of Michigan nonmetropolitan area 40 0.14 1.80 (4) $ 97,590

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 0.34 4.34 (4) $ 123,910
Southeast Minnesota nonmetropolitan area 40 0.28 3.52 (4) $ 107,560
Balance of Lower Peninsula of Michigan nonmetropolitan area 40 0.14 1.80 (4) $ 97,590
Northeast Mississippi nonmetropolitan area 50 0.23 2.90 (4) $ 92,660


About May 2022 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 2022 National Occupational Employment and Wage Estimates

May 2022 State Occupational Employment and Wage Estimates

May 2022 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2022 National Industry-Specific Occupational Employment and Wage Estimates

May 2022 Occupation Profiles

Technical Notes

 

Last Modified Date: April 25, 2023