Occupational Employment and Wages, May 2016

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)
13,060 1.9 % (4) $111,520 1.4 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $47,560 $67,190 $95,770 $134,280 $195,730
  (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 11,080 0.37 (4) $117,750
Junior Colleges 1,970 0.26 (4) $76,770

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 11,080 0.37 (4) $117,750
Junior Colleges 1,970 0.26 (4) $76,770

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 11,080 0.37 (4) $117,750
Junior Colleges 1,970 0.26 (4) $76,770


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 1,480 0.16 1.75 (4) $119,170
Texas 1,050 0.09 0.96 (4) $105,800
Pennsylvania 990 0.17 1.85 (4) $102,440
California 880 0.06 0.59 (4) $124,300
Massachusetts 800 0.23 2.49 (4) $137,990




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)
Vermont 130 0.41 4.42 (4) $76,760
District of Columbia 250 0.36 3.83 (4) $106,560
Massachusetts 800 0.23 2.49 (4) $137,990
Rhode Island 100 0.21 2.21 (8) (8)
Idaho 120 0.18 1.98 (4) $76,730




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 110 0.17 1.83 (4) $147,560
Illinois 430 0.07 0.78 (4) $142,350
Massachusetts 800 0.23 2.49 (4) $137,990
Indiana 310 0.10 1.11 (4) $133,790
Michigan 230 0.05 0.59 (4) $126,720





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 760 0.12 1.24 (4) $132,790
Boston-Cambridge-Newton, MA NECTA Division 490 0.27 2.93 (4) $159,120
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 440 0.18 1.89 (4) $111,780
Philadelphia, PA Metropolitan Division 430 0.48 5.21 (4) $110,830
Houston-The Woodlands-Sugar Land, TX 280 0.10 1.04 (4) $112,660
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 280 0.08 0.83 (4) $158,050
Durham-Chapel Hill, NC 230 0.78 8.36 (4) $140,690
Dallas-Plano-Irving, TX Metropolitan Division 190 0.08 0.84 (8) (8)
Pittsburgh, PA 180 0.16 1.72 (4) $103,490
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 180 0.04 0.46 (4) $135,410




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 230 0.78 8.36 (4) $140,690
College Station-Bryan, TX 70 0.67 7.22 (4) $157,970
Mankato-North Mankato, MN 30 0.64 6.91 (8) (8)
Dutchess County-Putnam County, NY Metropolitan Division 80 0.55 5.87 (4) $108,760
Philadelphia, PA Metropolitan Division 430 0.48 5.21 (4) $110,830
Utica-Rome, NY 40 0.36 3.84 (4) $89,470
Tuscaloosa, AL 30 0.31 3.31 (4) $170,130
Albany-Schenectady-Troy, NY 130 0.30 3.26 (4) $86,500
Boston-Cambridge-Newton, MA NECTA Division 490 0.27 2.93 (4) $159,120
Springfield, MA-CT 80 0.26 2.80 (4) $105,150




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)
Tuscaloosa, AL 30 0.31 3.31 (4) $170,130
Rochester, NY 90 0.17 1.79 (4) $159,390
Boston-Cambridge-Newton, MA NECTA Division 490 0.27 2.93 (4) $159,120
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 280 0.08 0.83 (4) $158,050
College Station-Bryan, TX 70 0.67 7.22 (4) $157,970
Santa Maria-Santa Barbara, CA 40 0.20 2.18 (4) $149,010
Durham-Chapel Hill, NC 230 0.78 8.36 (4) $140,690
Sacramento--Roseville--Arden-Arcade, CA 80 0.08 0.91 (4) $137,120
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 180 0.04 0.46 (4) $135,410
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 760 0.12 1.24 (4) $132,790

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 nonmetropolitan area 60 0.21 2.23 (4) $94,530
Central Kentucky nonmetropolitan area 40 0.20 2.19 (4) $94,440
Southeast Minnesota nonmetropolitan area 40 0.23 2.44 (4) $102,550
Northeast Mississippi nonmetropolitan area 30 0.15 1.64 (4) $91,880

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)
Southeast Minnesota nonmetropolitan area 40 0.23 2.44 (4) $102,550
North Texas nonmetropolitan area 60 0.21 2.23 (4) $94,530
Central Kentucky nonmetropolitan area 40 0.20 2.19 (4) $94,440
Northeast Mississippi nonmetropolitan area 30 0.15 1.64 (4) $91,880

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)
Southeast Minnesota nonmetropolitan area 40 0.23 2.44 (4) $102,550
North Texas nonmetropolitan area 60 0.21 2.23 (4) $94,530
Central Kentucky nonmetropolitan area 40 0.20 2.19 (4) $94,440
Northeast Mississippi nonmetropolitan area 30 0.15 1.64 (4) $91,880


About May 2016 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 2016 National Occupational Employment and Wage Estimates

May 2016 State Occupational Employment and Wage Estimates

May 2016 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2016 National Industry-Specific Occupational Employment and Wage Estimates

May 2016 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2017