Occupational Employment and Wages, May 2017

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)
12,770 1.8 % (4) $114,820 1.5 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $48,610 $68,860 $98,350 $139,400 $201,980
  (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 11,040 0.37 (4) $120,750
Junior Colleges 1,730 0.23 (4) $77,060

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 11,040 0.37 (4) $120,750
Junior Colleges 1,730 0.23 (4) $77,060

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 11,040 0.37 (4) $120,750
Junior Colleges 1,730 0.23 (4) $77,060


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 1,660 0.18 2.02 (4) $124,970
Texas 910 0.08 0.86 (4) $105,510
Massachusetts 820 0.23 2.60 (4) $133,410
Pennsylvania 790 0.14 1.53 (4) $111,290
California 710 0.04 0.47 (4) $133,850




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 180 0.25 2.81 (4) $105,650
Massachusetts 820 0.23 2.60 (4) $133,410
Rhode Island 110 0.22 2.48 (4) $149,720
New York 1,660 0.18 2.02 (4) $124,970
New Hampshire 110 0.17 1.90 (4) $146,610




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Rhode Island 110 0.22 2.48 (4) $149,720
New Hampshire 110 0.17 1.90 (4) $146,610
Illinois 530 0.09 1.00 (4) $137,920
California 710 0.04 0.47 (4) $133,850
Massachusetts 820 0.23 2.60 (4) $133,410



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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-Jersey City-White Plains, NY-NJ Metropolitan Division 820 0.12 1.36 (4) $133,450
Boston-Cambridge-Newton, MA NECTA Division 400 0.22 2.43 (4) $158,960
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 340 0.14 1.53 (4) $112,310
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 330 0.09 1.01 (4) $147,810
Durham-Chapel Hill, NC 290 0.98 10.88 (4) $145,350
Philadelphia, PA Metropolitan Division 270 0.30 3.33 (4) $130,920
Houston-The Woodlands-Sugar Land, TX 240 0.08 0.90 (4) $116,810
Springfield, MA-CT 190 0.57 6.41 (4) $107,540
Rochester, NY 180 0.35 3.90 (4) $161,660
Minneapolis-St. Paul-Bloomington, MN-WI 160 0.08 0.91 (4) $123,340


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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)
Durham-Chapel Hill, NC 290 0.98 10.88 (4) $145,350
Springfield, MA-CT 190 0.57 6.41 (4) $107,540
College Station-Bryan, TX 40 0.40 4.48 (4) $175,580
Rochester, NY 180 0.35 3.90 (4) $161,660
Lincoln, NE 60 0.34 3.75 (4) $102,100
Albany-Schenectady-Troy, NY 150 0.34 3.80 (4) $80,820
Syracuse, NY 90 0.30 3.33 (4) $98,640
Philadelphia, PA Metropolitan Division 270 0.30 3.33 (4) $130,920
Worcester, MA-CT 80 0.27 3.03 (8) (8)
Boston-Cambridge-Newton, MA NECTA Division 400 0.22 2.43 (4) $158,960


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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)
Madison, WI 40 0.12 1.29 (4) $177,450
College Station-Bryan, TX 40 0.40 4.48 (4) $175,580
Rochester, NY 180 0.35 3.90 (4) $161,660
Boston-Cambridge-Newton, MA NECTA Division 400 0.22 2.43 (4) $158,960
Sacramento--Roseville--Arden-Arcade, CA 50 0.06 0.64 (4) $157,270
Providence-Warwick, RI-MA 110 0.19 2.13 (4) $149,500
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 330 0.09 1.01 (4) $147,810
Durham-Chapel Hill, NC 290 0.98 10.88 (4) $145,350
Allentown-Bethlehem-Easton, PA-NJ 60 0.17 1.92 (4) $143,040
Nashville-Davidson--Murfreesboro--Franklin, TN 90 0.10 1.10 (4) $136,120

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 50 0.18 2.06 (4) $94,590
Central Kentucky nonmetropolitan area 50 0.27 2.98 (4) $92,070
Southwest Maine nonmetropolitan area 40 0.19 2.12 (4) $97,060
Northeast Mississippi nonmetropolitan area 40 0.15 1.69 (4) $93,820
Southeast Minnesota nonmetropolitan area 30 0.20 2.25 (4) $94,960

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)
Central Kentucky nonmetropolitan area 50 0.27 2.98 (4) $92,070
Southeast Minnesota nonmetropolitan area 30 0.20 2.25 (4) $94,960
Southwest Maine nonmetropolitan area 40 0.19 2.12 (4) $97,060
North Texas Region of Texas nonmetropolitan area 50 0.18 2.06 (4) $94,590
Northeast Mississippi nonmetropolitan area 40 0.15 1.69 (4) $93,820

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 (8) (8) (8) (4) $103,550
Southwest Maine nonmetropolitan area 40 0.19 2.12 (4) $97,060
Southeast Minnesota nonmetropolitan area 30 0.20 2.25 (4) $94,960
North Texas Region of Texas nonmetropolitan area 50 0.18 2.06 (4) $94,590
Northeast Mississippi nonmetropolitan area 40 0.15 1.69 (4) $93,820


About May 2017 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 2017 National Occupational Employment and Wage Estimates

May 2017 State Occupational Employment and Wage Estimates

May 2017 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2017 National Industry-Specific Occupational Employment and Wage Estimates

May 2017 Occupation Profiles

Technical Notes

 

Last Modified Date: March 30, 2018