Average Economics Teachers, Postsecondary Salary in Albany-Schenectady-Troy, NY
The average salary for a Economics Teachers, Postsecondary in Albany-Schenectady-Troy, NY is $132,120. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Albany-Schenectady-Troy, NY is a key hub for this profession, with a job concentration 2.93x higher than average.
Executive Summary
- Average Salary: $132,120 per year.
- Growth Trend: Salaries have shifted 7.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $174,630.
- Outlook: The current demand for Economics Teachers, Postsecondarys is stable, with a local workforce of approximately 100 professionals. This role remains a specialized component of the broader Albany-Schenectady-Troy, NY economy.
Salary Overview
The average Economics Teachers, Postsecondary in Albany-Schenectady-Troy, NY earns-9.5%below the national average.
$63.5
$2,541
$11,010
Economics Teachers, Postsecondary Salary Trends (2020-2024)
Over the past 4 years, Economics Teachers, Postsecondary salaries in Albany-Schenectady-Troy, NY have remained stable with a modest increase of 7.0%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Economics Teachers, Postsecondary Salary Distribution in Albany-Schenectady-Troy, NY
The earning potential for Economics Teachers, Postsecondarys in Albany-Schenectady-Troy, NY varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $77,430, while highly experienced professionals can command wages upwards of $174,630.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ProbationaryInitial licensure. Mentored by senior faculty. | 10% (Entry) | $77,430 | $37.2 |
| Tenured / ProProfessional status. Curriculum development. | 25% (Junior) | $99,090 | $47.6 |
| Senior EducatorDepartment chair. Mentors student teachers. | 50% (Median) | $124,640 | $59.9 |
| Lead SpecialistInstructional coach, reading specialist, or VP. | 75% (Senior) | $165,150 | $79.4 |
| AdministratorPrincipal, District Admin, or Consultant. | 90% (Expert) | $174,630 | $84 |
Detailed Economics Teachers, Postsecondary Market Analysis
Relocation Context
Nominal Salary
$132,120
Gross Pay
Real Wage (Purchasing Power)
$132,120
Adjusted for COL (100)
In Albany-Schenectady-Troy, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $132,120 to $132,120.
Job Market Context
100
Total Jobs
0.236
Per 1K Jobs
2.93
Location Quotient
Albany-Schenectady-Troy, NY has 2.9x the national concentration of Economics Teachers, Postsecondary jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
100 people work as Economics Teachers, Postsecondary in Albany-Schenectady-Troy, NY.
Only 0.236 out of every 1,000 local jobs are Economics Teachers, Postsecondary roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Economics Teachers, Postsecondary
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Economics Teachers, Postsecondary Salary | $114,420↓ 13% | 31 mi |
| Central East New York nonmetropolitan area Economics Teachers, Postsecondary Salary | $93,380↓ 29% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Economics Teachers, Postsecondarys?
Frequently Asked Questions
How much does a Economics Teachers, Postsecondary make in Albany-Schenectady-Troy, NY?
The median annual salary for a Economics Teachers, Postsecondary in Albany-Schenectady-Troy, NY is $132,120. This typically ranges from $77,430 for entry-level positions to $174,630 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 9.5% lower than the national median of $145,950.
Is Albany-Schenectady-Troy, NY a good place for Economics Teachers, Postsecondarys?
Yes, Albany-Schenectady-Troy, NY is highly recommended due to strong job demand. While salaries are competitive ($132,120), the area is particularly notable for its high job density for Economics Teachers, Postsecondarys. See distinct detailed breakdown below.
Is Albany-Schenectady-Troy, NY a good place to live for Economics 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 Pittsfield, MA ($114,420) and Central East New York nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 100 employees in the Albany-Schenectady-Troy, NY area with a job density of 0.236 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Economics Teachers, Postsecondary • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY