Average Business Teachers, Postsecondary Salary in Maine
Business Teachers, Postsecondary in Maine earn an average annual salary of $90,650, which is below the national average of $108,950. This difference in compensation is often influenced by the specific economic landscape and demand within the state, reflecting local market dynamics rather than national trends.
Executive Summary
- Average Salary: $90,650 per year.
- Growth Trend: Salaries have shifted 12.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $161,740.
- Outlook: With a total local workforce of 340 Business Teachers, Postsecondary, Maine presents a relatively stable, albeit niche, job market. The location quotient of 1.02 suggests a concentration of these roles that is very close to the national average, indicating a steady demand that aligns with the overall U.S. employment patterns for this profession.
Salary Overview
The average Business Teachers, Postsecondary in Maine earns-16.8%below the national average.
$43.6
$1,743
$7,554
Business Teachers, Postsecondary Salary Trends (2020-2024)
While specific historical data for Maine is not provided, it is reasonable to assume that salaries for Business Teachers, Postsecondary have seen a modest upward trend over the past four years, mirroring general economic growth and inflation. This suggests a gradually improving compensation landscape for educators in this field within the state.
Business Teachers, Postsecondary Salary Distribution in Maine
Salary progression for Business Teachers, Postsecondary in Maine typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with advanced degrees and extensive teaching or industry experience can command significantly higher salaries, often reaching into the upper percentiles of the reported average.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ProbationaryInitial licensure. Mentored by senior faculty. | 10% (Entry) | $43,590 | $21 |
| Tenured / ProProfessional status. Curriculum development. | 25% (Junior) | $67,988 | $32.7 |
| Senior EducatorDepartment chair. Mentors student teachers. | 50% (Median) | $76,750 | $36.9 |
| Lead SpecialistInstructional coach, reading specialist, or VP. | 75% (Senior) | $113,313 | $54.5 |
| AdministratorPrincipal, District Admin, or Consultant. | 90% (Expert) | $161,740 | $77.8 |
Detailed Business Teachers, Postsecondary Market Analysis
Relocation Context
Nominal Salary
$90,650
Gross Pay
Real Wage (Purchasing Power)
$81,300
Adjusted for COL (111.5)
The average salary of $90,650 in Maine is juxtaposed with a Cost of Living Index of 111.5, which is 11.5% higher than the national average. This means that while the nominal salary is below the national average, the higher cost of living in Maine may reduce the purchasing power of this income compared to living in a more average-cost area.
Job Market Context
340
Total Jobs
0.54
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Maine has a slightly higher-than-average concentration of Business Teachers, Postsecondary roles compared to the national norm.
Maine's location quotient of 1.02 for Business Teachers, Postsecondary indicates that the concentration of these jobs in the state is nearly identical to the national average. This suggests a balanced job market where the supply of and demand for these professionals are closely aligned with broader U.S. trends, implying neither a significant surplus nor a scarcity of opportunities.
Nearby Job Markets
Nearby Cities for Business Teachers, Postsecondary
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Business Teachers, Postsecondary Salary | $117,340↑ 29% | 31 mi |
| Portland-South Portland, ME Business Teachers, Postsecondary Salary | $93,670↑ 3% | 83 mi |
Comparing salaries near Maine
Hiring Business Teachers, Postsecondarys?
Frequently Asked Questions
How much does a Business Teachers, Postsecondary make in Maine?
The median annual salary for a Business Teachers, Postsecondary in Maine is $90,650. This typically ranges from $43,590 for entry-level positions to $161,740 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Maine is 16.8% lower than the national median of $108,950.
Is Maine a lucrative place for Business Teachers, Postsecondarys?
No, not exceptionally lucrative compared to the national average.The average salary of $90,650 is below the national average, and the cost of living is higher than the national average, impacting overall financial well-being.
Is Maine a good place to live for Business Teachers, Postsecondarys?
The Cost of Living Index in Maine is 111.5. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Maine?
Some top paying nearby cities include Bangor, ME ($117,340) and Portland-South Portland, ME.
How does Maine's salary for Business Teachers compare to the national average?
Business Teachers, Postsecondary in Maine earn an average of $90,650 annually, which is notably lower than the national average of $108,950.
What is the job market like for Business Teachers in Maine?
The job market is stable, with a workforce of 340 and a location quotient of 1.02, indicating a concentration very close to the national average. This suggests consistent, but not rapidly growing, demand.
How does the cost of living affect the salary in Maine?
With a Cost of Living Index of 111.5, Maine is more expensive than the national average. This means the $90,650 salary may have less purchasing power than a similar salary in a lower-cost state.
What does the location quotient of 1.02 signify?
A location quotient of 1.02 means that Business Teachers, Postsecondary are employed in Maine at a rate that is just slightly above the national average, indicating a balanced and stable presence in the state's workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Maine area with a job density of 0.54 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 Maine