Average Business Teachers, Postsecondary Salary in Albany-Schenectady-Troy, NY
Business Teachers, Postsecondary in the Albany-Schenectady-Troy, NY area earn an average annual salary of $87,160. This figure is notably below the national average of $108,950, suggesting localized market dynamics and potentially different demand-supply forces at play within this specific metropolitan region. Factors such as the local economic landscape and the concentration of educational institutions likely influence this salary differential.
Executive Summary
- Average Salary: $87,160 per year.
- Growth Trend: Salaries have shifted 1.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,460.
- Outlook: The Albany-Schenectady-Troy, NY region supports a workforce of 470 Business Teachers, Postsecondary. With a Location Quotient of 2.01, this indicates a significantly higher concentration of these professionals compared to the national average, suggesting a robust local demand or a specialized market for this role within the area. The presence of 1.064 jobs per 1,000 workers further underscores the established presence and ongoing need for these educators.
Salary Overview
The average Business Teachers, Postsecondary in Albany-Schenectady-Troy, NY earns-20.0%below the national average.
$41.9
$1,676
$7,263
Business Teachers, Postsecondary Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Business Teachers, Postsecondary in Albany-Schenectady-Troy, NY have experienced a gradual upward trend over the past four years, mirroring general economic growth and inflation. This progression is typical for specialized academic roles, driven by increasing demand for business education and the need to attract and retain qualified faculty in a competitive academic environment.
Business Teachers, Postsecondary Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Business Teachers, Postsecondary typically involves a significant salary increase from entry-level to senior positions. While specific percentile data is unavailable, the gap between starting salaries and those earned by seasoned professionals with extensive experience and specialized knowledge is expected to be substantial. This reflects the value placed on advanced degrees, research contributions, and years of pedagogical expertise in higher education.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ProbationaryInitial licensure. Mentored by senior faculty. | 10% (Entry) | $39,010 | $18.8 |
| Tenured / ProProfessional status. Curriculum development. | 25% (Junior) | $65,370 | $31.4 |
| Senior EducatorDepartment chair. Mentors student teachers. | 50% (Median) | $81,370 | $39.1 |
| Lead SpecialistInstructional coach, reading specialist, or VP. | 75% (Senior) | $108,950 | $52.4 |
| AdministratorPrincipal, District Admin, or Consultant. | 90% (Expert) | $135,460 | $65.1 |
Detailed Business Teachers, Postsecondary Market Analysis
Relocation Context
Nominal Salary
$87,160
Gross Pay
Real Wage (Purchasing Power)
$87,160
Adjusted for COL (100)
The nominal average salary of $87,160 in Albany-Schenectady-Troy, NY aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Business Teacher's salary in this region is equivalent to the national average. Therefore, the salary offers a comparable standard of living to what one might expect elsewhere in the country, without the added financial pressure of a higher cost of living.
Job Market Context
470
Total Jobs
1.064
Per 1K Jobs
2.01
Location Quotient
Albany-Schenectady-Troy, NY has 2.0x the national concentration of Business Teachers, Postsecondary jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.01 for Business Teachers, Postsecondary in Albany-Schenectady-Troy, NY signifies that this profession is more than twice as concentrated in this area compared to the national average. This suggests a highly specialized and potentially competitive job market, where demand for these educators is relatively strong, or the supply of qualified individuals is particularly abundant, creating a unique employment landscape.
Nearby Job Markets
Nearby Cities for Business Teachers, Postsecondary
| City | Salary | Dist. |
|---|---|---|
| Southwest New York nonmetropolitan area Business Teachers, Postsecondary Salary | $70,440↓ 19% | 68 mi |
| Central East New York nonmetropolitan area Business Teachers, Postsecondary Salary | $73,380↓ 16% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Business Teachers, Postsecondarys?
Frequently Asked Questions
How much does a Business Teachers, Postsecondary make in Albany-Schenectady-Troy, NY?
The median annual salary for a Business Teachers, Postsecondary in Albany-Schenectady-Troy, NY is $87,160. This typically ranges from $39,010 for entry-level positions to $135,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 20.0% lower than the national median of $108,950.
Is Albany-Schenectady-Troy, NY a lucrative place for Business Teachers, Postsecondarys?
No, but it offers average cost of living.While the average salary of $87,160 is below the national average, the Cost of Living Index of 100 indicates that your earnings will have average purchasing power. The high concentration of these roles suggests a stable, albeit not exceptionally high-paying, job market.
Is Albany-Schenectady-Troy, NY a good place to live for Business Teachers, Postsecondarys?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Southwest New York nonmetropolitan area ($70,440) and Central East New York nonmetropolitan area.
How does the Albany-Schenectady-Troy, NY salary compare to the national average?
The average annual salary for Business Teachers, Postsecondary in Albany-Schenectady-Troy, NY is $87,160, which is lower than the national average of $108,950.
What is the concentration of Business Teachers, Postsecondary in this region?
The region has a Location Quotient of 2.01, indicating that Business Teachers, Postsecondary are more than twice as concentrated here compared to the national average.
Does the Cost of Living affect the salary's value?
No, the Cost of Living Index is 100, which is the national average, meaning the $87,160 salary has average purchasing power.
How many Business Teachers, Postsecondary work in Albany-Schenectady-Troy, NY?
There are approximately 470 Business Teachers, Postsecondary employed in the Albany-Schenectady-Troy, NY metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 470 employees in the Albany-Schenectady-Troy, NY area with a job density of 1.064 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Business Teachers, Postsecondary • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY