Average Economics Teachers, Postsecondary Salary in Connecticut
Economics Teachers, Postsecondary in Connecticut command an impressive average annual salary of $196,450, significantly surpassing the national average of $145,950. This substantial difference is largely dictated by Connecticut's robust economy and a higher cost of living, necessitating greater compensation to attract and retain specialized academic talent in this field.
Executive Summary
- Average Salary: $196,450 per year.
- Growth Trend: Salaries have shifted 106.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $294,675.
- Outlook: The job market for Economics Teachers, Postsecondary in Connecticut appears robust, evidenced by a total local workforce of 310 individuals. While this number represents a niche segment, the Location Quotient of 2.27 strongly suggests a concentration of these roles significantly above the national average, indicating a healthy demand relative to the national distribution.
Salary Overview
The average Economics Teachers, Postsecondary in Connecticut earns+34.6%above the national average.
$94.4
$3,778
$16,371
Economics Teachers, Postsecondary Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Economics Teachers, Postsecondary in Connecticut have experienced steady growth over the past four years, mirroring national trends of increasing compensation for specialized academic roles, particularly in high-demand fields like economics.
Economics Teachers, Postsecondary Salary Distribution in Connecticut
Career progression for Economics Teachers, Postsecondary in Connecticut typically involves a significant salary increase with experience. Entry-level positions will naturally fall below the $196,450 average, while seasoned professionals with extensive research, publication, and teaching experience can expect to earn considerably more, with higher salary percentiles reflecting this advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ProbationaryInitial licensure. Mentored by senior faculty. | 10% (Entry) | $77,100 | $37.1 |
| Tenured / ProProfessional status. Curriculum development. | 25% (Junior) | $147,338 | $70.8 |
| Senior EducatorDepartment chair. Mentors student teachers. | 50% (Median) | $136,630 | $65.7 |
| Lead SpecialistInstructional coach, reading specialist, or VP. | 75% (Senior) | $245,563 | $118.1 |
| AdministratorPrincipal, District Admin, or Consultant. | 90% (Expert) | $294,675 | $141.7 |
Detailed Economics Teachers, Postsecondary Market Analysis
Relocation Context
Nominal Salary
$196,450
Gross Pay
Real Wage (Purchasing Power)
$173,696
Adjusted for COL (113.1)
The nominal average salary of $196,450 in Connecticut must be considered alongside its Cost of Living Index of 113.1. While the salary is considerably higher than the national average, the 13.1% above-average cost of living means that the purchasing power of this salary is somewhat tempered, though still likely offers a strong standard of living compared to national benchmarks.
Job Market Context
310
Total Jobs
0.183
Per 1K Jobs
2.27
Location Quotient
Connecticut has 2.3x 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.
Connecticut's Location Quotient of 2.27 for Economics Teachers, Postsecondary signifies a market where these professionals are more than twice as concentrated as the national average. This indicates a competitive yet abundant job market, suggesting that while opportunities exist, employers may be actively seeking specialized talent due to the higher regional demand.
Nearby Job Markets
Nearby Cities for Economics Teachers, Postsecondary
| City | Salary | Dist. |
|---|---|---|
| Hartford-West Hartford-East Hartford, CT Economics Teachers, Postsecondary Salary | $128,080↓ 35% | 12 mi |
| Bridgeport-Stamford-Danbury, CT Economics Teachers, Postsecondary Salary | $145,410↓ 26% | 36 mi |
Comparing salaries near Connecticut
Hiring Economics Teachers, Postsecondarys?
Frequently Asked Questions
How much does a Economics Teachers, Postsecondary make in Connecticut?
The median annual salary for a Economics Teachers, Postsecondary in Connecticut is $196,450. This typically ranges from $77,100 for entry-level positions to $294,675 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Connecticut is 34.6% higher than the national median of $145,950.
Is Connecticut a lucrative place for Economics Teachers, Postsecondarys?
Yes, Connecticut is a highly lucrative state for Economics Teachers, Postsecondary.The average salary of $196,450 is substantially higher than the national average, and the strong Location Quotient indicates a concentrated demand for these specialized roles.
Is Connecticut a good place to live for Economics Teachers, Postsecondarys?
The Cost of Living Index in Connecticut is 113.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Connecticut?
Some top paying nearby cities include Hartford-West Hartford-East Hartford, CT ($128,080) and Bridgeport-Stamford-Danbury, CT.
How does Connecticut's cost of living affect the salary?
Connecticut's Cost of Living Index is 113.1, meaning expenses are about 13.1% higher than the national average. While the $196,450 salary is high, this increased cost of living should be factored into the overall financial picture.
What does the Location Quotient of 2.27 mean?
A Location Quotient of 2.27 indicates that Economics Teachers, Postsecondary are more than twice as concentrated in Connecticut compared to the national average. This suggests a higher demand and potentially more job opportunities relative to other states.
How many Economics Teachers, Postsecondary are in Connecticut?
There are approximately 310 Economics Teachers, Postsecondary employed in Connecticut, representing a significant portion of the specialized academic workforce in the state.
Is the job market for Economics Teachers, Postsecondary growing in Connecticut?
While specific growth rates are not provided, the high Location Quotient and above-average salary suggest a stable to growing demand for Economics Teachers, Postsecondary in Connecticut.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Connecticut area with a job density of 0.183 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 Connecticut