Average Economics Teachers, Postsecondary Salary in Boston-Cambridge-Newton, MA-NH
Economics Teachers, Postsecondary in the Boston-Cambridge-Newton, MA-NH area command an impressive average annual salary of $168,810, significantly outpacing the national average of $145,950. This elevated compensation is largely driven by the region's robust academic ecosystem and the high demand for specialized economic expertise within its numerous prestigious institutions.
Executive Summary
- Average Salary: $168,810 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $253,215.
- Outlook: The job market for Economics Teachers, Postsecondary in Boston-Cambridge-Newton appears robust, with a total local workforce of 550 individuals. The Location Quotient of 2.52 indicates a concentration of these roles that is more than double the national average, suggesting a strong and sustained demand for educators in this field within the region.
Salary Overview
The average Economics Teachers, Postsecondary in Boston-Cambridge-Newton, MA-NH earns+15.7%above the national average.
$81.2
$3,246
$14,068
Economics Teachers, Postsecondary Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the demand for skilled Economics Teachers, Postsecondary in a hub like Boston-Cambridge-Newton has led to consistent salary growth over the past four years, mirroring national trends of increasing compensation for specialized academic roles.
Economics Teachers, Postsecondary Salary Distribution in Boston-Cambridge-Newton, MA-NH
Salary progression for Economics Teachers, Postsecondary typically scales with experience. Entry-level positions may start closer to the lower percentiles, while senior faculty with extensive research and teaching experience can command salaries at the higher end of the spectrum, often exceeding $200,000. The percentile gaps clearly signify significant career progression opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ProbationaryInitial licensure. Mentored by senior faculty. | 10% (Entry) | $78,920 | $37.9 |
| Tenured / ProProfessional status. Curriculum development. | 25% (Junior) | $126,608 | $60.9 |
| Senior EducatorDepartment chair. Mentors student teachers. | 50% (Median) | $162,050 | $77.9 |
| Lead SpecialistInstructional coach, reading specialist, or VP. | 75% (Senior) | $211,013 | $101.4 |
| AdministratorPrincipal, District Admin, or Consultant. | 90% (Expert) | $253,215 | $121.7 |
Detailed Economics Teachers, Postsecondary Market Analysis
Relocation Context
Nominal Salary
$168,810
Gross Pay
Real Wage (Purchasing Power)
$168,810
Adjusted for COL (100)
The nominal average annual salary of $168,810 in Boston-Cambridge-Newton aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is substantially higher than the national average, the purchasing power of that salary is effectively on par with the national average, indicating that the higher pay is balanced by the local cost of living.
Job Market Context
550
Total Jobs
0.203
Per 1K Jobs
2.52
Location Quotient
Boston-Cambridge-Newton, MA-NH has 2.5x 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.
With a Location Quotient of 2.52, the Boston-Cambridge-Newton area exhibits a significantly higher concentration of Economics Teachers, Postsecondary compared to the national average. This suggests a competitive market where institutions actively seek specialized talent, potentially leading to higher salary offers to attract and retain qualified educators.
Nearby Job Markets
Nearby Cities for Economics Teachers, Postsecondary
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Economics Teachers, Postsecondary Salary | $117,420↓ 30% | 37 mi |
| Providence-Warwick, RI-MA Economics Teachers, Postsecondary Salary | $168,160↓ 0% | 38 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
Hiring Economics Teachers, Postsecondarys?
Frequently Asked Questions
How much does a Economics Teachers, Postsecondary make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Economics Teachers, Postsecondary in Boston-Cambridge-Newton, MA-NH is $168,810. This typically ranges from $78,920 for entry-level positions to $253,215 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 15.7% higher than the national median of $145,950.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Economics Teachers, Postsecondarys?
Yes, it is a highly lucrative place for Economics Teachers, Postsecondary.The average salary of $168,810 is substantially higher than the national average, and the strong concentration of these roles indicates high demand.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Economics Teachers, Postsecondarys?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Worcester, MA ($117,420) and Providence-Warwick, RI-MA.
How does the local salary compare to the national average?
The average annual salary for Economics Teachers, Postsecondary in Boston-Cambridge-Newton is $168,810, which is $22,860 higher than the national average of $145,950.
What is the concentration of Economics Teachers, Postsecondary in this area?
The Location Quotient is 2.52, meaning there are more than twice the number of Economics Teachers, Postsecondary per worker in Boston-Cambridge-Newton compared to the national average.
How does the Cost of Living affect the salary?
The Cost of Living Index in Boston-Cambridge-Newton is 100, which is the national average. Therefore, the higher nominal salary effectively translates to average purchasing power.
What is the total number of Economics Teachers, Postsecondary in the local workforce?
There are approximately 550 Economics Teachers, Postsecondary employed within the Boston-Cambridge-Newton, MA-NH 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 550 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 0.203 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 Boston-Cambridge-Newton, MA-NH