Annual Salary, Salary Range, and Highest Paying States and Industries
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Economics Professors
Economics Professors teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
Table of contents
- Average salary
- Starting salary
- Salary rank
- Salary range
- Highest paying states
- Highest paying industries
Average salary
Starting salary
Entry-level Postsecondary Economics Teachers with little to no experience can expect to make anywhere between $53,860 to $75,710 per year. Similar to any other job, their salary will increase as they gain experience.
Salary rank
We wanted to make it easy for our readers to compare the salary of Postsecondary Economics Teachers to all the other careers out there. So we created Salary Rank. We compared the salary of all careers then we gave them a rank of A, B, C, or D depending on where their average salary sit in comparison to other careers.
Salary range
| Level | Hourly | Annual |
|---|---|---|
| Highest (Top 10%) | $* | $208,000+ |
| Senior (Top 25%) | $* | $152,110 |
| Middle (Mid 50%) | $* | $107,260 |
| Junior (Bottom 25%) | $* | $75,710 |
| No experience (Bottom 10%) | $* | $53,860 |
Highest paying states
| State | Hourly | Annual |
|---|---|---|
| RI | $* | $183,130 |
| NH | $* | $169,030 |
| IN | $* | $166,780 |
| DC | $* | $148,680 |
| CA | $* | $140,490 |
| MA | $* | $139,020 |
| NY | $* | $137,290 |
| PA | $* | $134,700 |
| AL | $* | $134,070 |
| IL | $* | $128,020 |
* Postsecondary Economics Teachers are generally paid on an annual basis not hourly.
Another simple way to increase your salary as a Postsecondary Economics Teacher is to move to a higher paying state. However moving to a higher paying state like RI doesn’t guarantee that you will make more because the expenses at RI might be much higher than where you are currently living at right now.
According to BLS, the highest paid Economics Professors are in the states of RI, NH, IN, DC and CA.
Highest paying industries
| Salary by industry | Annual | Hourly |
|---|---|---|
| Colleges, Universities, and Professional Schools | $128050 | $* |
| Junior Colleges | $93290 | $* |
| Technical and Trade Schools | $92620 | $* |
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