Average Business Teachers, Postsecondary Salary in Ithaca, NY
Business Teachers, Postsecondary in Ithaca, NY earn an average annual salary of $105,840, which is slightly below the national average of $108,950. This minor difference can be attributed to the specific economic drivers and demand within the Ithaca region for specialized academic roles. The local market dynamics play a crucial role in shaping compensation for educators in higher education.
Executive Summary
- Average Salary: $105,840 per year.
- Growth Trend: Salaries have shifted 26.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $172,690.
- Outlook: The job market for Business Teachers, Postsecondary in Ithaca, NY appears robust, with a total local workforce of 460 individuals in this role. The exceptionally high Location Quotient of 17.87 signifies a significant concentration of these professionals compared to the national average, indicating strong local demand and a specialized academic ecosystem.
Salary Overview
The average Business Teachers, Postsecondary in Ithaca, NY earns-2.9%below the national average.
$50.9
$2,035
$8,820
Business Teachers, Postsecondary Salary Trends (2020-2024)
While specific historical data for Ithaca is not provided, it is generally assumed that salaries for Business Teachers, Postsecondary have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for business education, and advancements in curriculum, leading to a consistent upward trajectory in compensation.
Business Teachers, Postsecondary Salary Distribution in Ithaca, NY
Career progression for Business Teachers, Postsecondary in Ithaca, NY, as elsewhere, is marked by increasing salary potential with experience. Entry-level positions typically command lower salaries, while senior faculty with extensive teaching, research, and administrative experience can earn significantly more. The salary distribution, with higher percentiles representing seasoned professionals, clearly illustrates this career advancement and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ProbationaryInitial licensure. Mentored by senior faculty. | 10% (Entry) | $48,980 | $23.5 |
| Tenured / ProProfessional status. Curriculum development. | 25% (Junior) | $79,380 | $38.2 |
| Senior EducatorDepartment chair. Mentors student teachers. | 50% (Median) | $96,220 | $46.3 |
| Lead SpecialistInstructional coach, reading specialist, or VP. | 75% (Senior) | $132,300 | $63.6 |
| AdministratorPrincipal, District Admin, or Consultant. | 90% (Expert) | $172,690 | $83 |
Detailed Business Teachers, Postsecondary Market Analysis
Relocation Context
Nominal Salary
$105,840
Gross Pay
Real Wage (Purchasing Power)
$105,840
Adjusted for COL (100)
The nominal average salary of $105,840 in Ithaca, 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 Ithaca is equivalent to the national average, making it a stable financial environment for professionals in this field.
Job Market Context
460
Total Jobs
9.477
Per 1K Jobs
17.87
Location Quotient
Ithaca, NY has 17.9x 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.
Ithaca, NY, exhibits a highly concentrated market for Business Teachers, Postsecondary, as evidenced by its Location Quotient of 17.87. This indicates that the area has a disproportionately large number of these professionals relative to the national average, suggesting a specialized demand or a strong presence of educational institutions focusing on business disciplines.
Nearby Job Markets
Nearby Cities for Business Teachers, Postsecondary
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Business Teachers, Postsecondary Salary | $124,890↑ 18% | 39 mi |
| Syracuse, NY Business Teachers, Postsecondary Salary | $109,750↑ 4% | 45 mi |
| Rochester, NY Business Teachers, Postsecondary Salary | $121,000↑ 14% | 75 mi |
| Utica-Rome, NY Business Teachers, Postsecondary Salary | $85,280↓ 19% | 79 mi |
Comparing salaries near Ithaca, NY
Hiring Business Teachers, Postsecondarys?
Frequently Asked Questions
How much does a Business Teachers, Postsecondary make in Ithaca, NY?
The median annual salary for a Business Teachers, Postsecondary in Ithaca, NY is $105,840. This typically ranges from $48,980 for entry-level positions to $172,690 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Ithaca, NY is 2.9% lower than the national median of $108,950.
Is Ithaca, NY a lucrative place for Business Teachers, Postsecondarys?
Yes, Ithaca, NY offers a competitive salary environment for Business Teachers, Postsecondary.With an average salary of $105,840 and a cost of living on par with the national average, professionals can maintain a strong standard of living. The high concentration of these roles further suggests a stable and potentially growing job market.
Is Ithaca, NY a good place to live for Business Teachers, Postsecondarys?
The Cost of Living Index in Ithaca, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Ithaca, NY?
Some top paying nearby cities include Binghamton, NY ($124,890) and Syracuse, NY.
How does Ithaca's salary for Business Teachers compare to the national average?
The average annual salary for Business Teachers, Postsecondary in Ithaca, NY is $105,840, which is slightly lower than the national average of $108,950.
What does the Location Quotient of 17.87 mean for Business Teachers in Ithaca?
A Location Quotient of 17.87 signifies that Business Teachers, Postsecondary are highly concentrated in Ithaca, NY, indicating a specialized local demand or a significant presence of academic institutions requiring these educators.
Is the cost of living in Ithaca, NY high for Business Teachers?
No, the cost of living in Ithaca, NY is exactly at the national average (100), meaning a salary of $105,840 provides purchasing power equivalent to the national average.
How many Business Teachers, Postsecondary are there in Ithaca, NY?
There are approximately 460 Business Teachers, Postsecondary employed in the Ithaca, NY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Ithaca, NY area with a job density of 9.477 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 Ithaca, NY