Occupational Employment and Wages, May 2014

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)
13,710 1.8 % (4) $102,120 1.3 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $43,420 $63,750 $90,870 $126,780 $174,610
  (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 11,360 0.39 (4) $108,220
Junior Colleges 2,300 0.30 (4) $72,890

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 11,360 0.39 (4) $108,220
Junior Colleges 2,300 0.30 (4) $72,890

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 11,360 0.39 (4) $108,220
Junior Colleges 2,300 0.30 (4) $72,890


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 1,610 0.18 1.80 (4) $117,530
Pennsylvania 1,180 0.21 2.06 (4) $96,340
Texas 950 0.08 0.83 (4) $102,600
California 900 0.06 0.59 (4) $109,470
Massachusetts 680 0.21 2.02 (4) $129,580



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 320 0.47 4.63 (4) $113,380
Vermont 120 0.41 4.00 (4) $78,700
Rhode Island 100 0.21 2.07 (4) $119,380
Pennsylvania 1,180 0.21 2.06 (4) $96,340
Massachusetts 680 0.21 2.02 (4) $129,580



Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Massachusetts 680 0.21 2.02 (4) $129,580
New Hampshire 100 0.16 1.61 (4) $125,710
New Jersey 440 0.11 1.12 (4) $119,880
Rhode Island 100 0.21 2.07 (4) $119,380
New York 1,610 0.18 1.80 (4) $117,530




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-White Plains-Wayne, NY-NJ Metropolitan Division 840 0.16 1.53 (4) $127,420
Philadelphia, PA Metropolitan Division 560 0.30 2.96 (4) $103,820
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 520 0.22 2.14 (4) $113,000
Boston-Cambridge-Quincy, MA NECTA Division 370 0.20 2.00 (4) $151,310
Chicago-Joliet-Naperville, IL Metropolitan Division 260 0.07 0.67 (4) $70,300
Houston-Sugar Land-Baytown, TX 220 0.08 0.76 (4) $109,900
Pittsburgh, PA 200 0.18 1.75 (4) $96,730
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 200 0.05 0.48 (4) $121,580
Newark-Union, NJ-PA Metropolitan Division 190 0.20 2.00 (4) $126,160
Atlanta-Sandy Springs-Marietta, GA 170 0.07 0.70 (4) $97,290



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)
Ithaca, NY 120 2.49 24.53 (4) $160,860
Blacksburg-Christiansburg-Radford, VA 60 0.90 8.86 (8) (8)
Tuscaloosa, AL 60 0.62 6.09 (4) $129,060
College Station-Bryan, TX 60 0.60 5.96 (4) $148,250
Durham-Chapel Hill, NC 120 0.43 4.27 (4) $153,390
Ann Arbor, MI 80 0.38 3.73 (4) $179,370
Worcester, MA-CT 90 0.35 3.43 (4) $107,990
Allentown-Bethlehem-Easton, PA-NJ 120 0.35 3.49 (4) $89,480
Syracuse, NY 100 0.34 3.33 (4) $107,920
Waco, TX 30 0.32 3.19 (4) $98,040



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)
Ann Arbor, MI 80 0.38 3.73 (4) $179,370
Ithaca, NY 120 2.49 24.53 (4) $160,860
Durham-Chapel Hill, NC 120 0.43 4.27 (4) $153,390
Boston-Cambridge-Quincy, MA NECTA Division 370 0.20 2.00 (4) $151,310
College Station-Bryan, TX 60 0.60 5.96 (4) $148,250
Rochester, NY 90 0.19 1.83 (4) $129,070
Tuscaloosa, AL 60 0.62 6.09 (4) $129,060
New York-White Plains-Wayne, NY-NJ Metropolitan Division 840 0.16 1.53 (4) $127,420
Newark-Union, NJ-PA Metropolitan Division 190 0.20 2.00 (4) $126,160
Edison-New Brunswick, NJ Metropolitan Division 90 0.09 0.88 (4) $126,130

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)
Far Western Pennsylvania nonmetropolitan area 50 0.28 2.76 (4) $88,990
West Central Kentucky nonmetropolitan area 40 0.28 2.76 (4) $82,350
Southwest New York nonmetropolitan area 40 0.22 2.18 (4) $77,980
Northeast Mississippi nonmetropolitan area 40 0.19 1.84 (4) $81,910
Northwestern Virginia nonmetropolitan area 40 0.33 3.25 (4) $96,390

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)
Northwestern Virginia nonmetropolitan area 40 0.33 3.25 (4) $96,390
Far Western Pennsylvania nonmetropolitan area 50 0.28 2.76 (4) $88,990
West Central Kentucky nonmetropolitan area 40 0.28 2.76 (4) $82,350
South Central Tennessee nonmetropolitan area 30 0.25 2.46 (4) $78,490
Southwest New York nonmetropolitan area 40 0.22 2.18 (4) $77,980

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 (8) (8) (8) (4) $108,500
Northwestern Virginia nonmetropolitan area 40 0.33 3.25 (4) $96,390
Far Western Pennsylvania nonmetropolitan area 50 0.28 2.76 (4) $88,990
Other Ohio nonmetropolitan area 40 0.14 1.36 (4) $84,790
East Central Pennsylvania nonmetropolitan area 40 0.15 1.46 (4) $83,150


About May 2014 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 mean 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 2014 National Occupational Employment and Wage Estimates

May 2014 State Occupational Employment and Wage Estimates

May 2014 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2014 National Industry-Specific Occupational Employment and Wage Estimates

May 2014 Occupation Profiles

Technical Notes

 

Last Modified Date: March 25, 2015