Average Economics Teachers, Postsecondary Salary in Florida
Economics Teachers, Postsecondary in Florida earn an average annual salary of $64,660. This figure is notably lower than the national average of $145,950, suggesting that regional economic factors and demand dynamics significantly influence compensation within the state. The specific pay rates in Florida are shaped by the local job market's needs and the overall economic landscape of the Sunshine State.
Executive Summary
- Average Salary: $64,660 per year.
- Growth Trend: Salaries have shifted 40.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $87,970.
- Outlook: With a total local workforce of 510 Economics Teachers, Postsecondary, Florida presents a modest but stable employment base. The Location Quotient of 0.64 indicates that this profession is less concentrated in Florida compared to the national average, implying a potentially less saturated market for specialized economics educators. While not a high-concentration field, the existing workforce suggests a consistent, albeit niche, demand for these roles.
Salary Overview
The average Economics Teachers, Postsecondary in Florida earns-55.7%below the national average.
$31.1
$1,243
$5,388
Economics Teachers, Postsecondary Salary Trends (2020-2024)
While specific historical data for Florida's postsecondary economics teachers isn't provided, it's reasonable to assume a general upward trend in salaries over the past four years, mirroring national patterns of wage growth in specialized academic fields. Economic shifts and increased demand for economic expertise likely contribute to gradual salary increases, aiming to keep pace with inflation and attract qualified educators.
Economics Teachers, Postsecondary Salary Distribution in Florida
Salary progression for Economics Teachers, Postsecondary in Florida typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while senior faculty with extensive research, teaching experience, and advanced degrees can command significantly higher salaries. The percentile gaps in earnings reflect this career trajectory, with experienced professionals occupying the higher salary brackets.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ProbationaryInitial licensure. Mentored by senior faculty. | 10% (Entry) | $50,330 | $24.2 |
| Tenured / ProProfessional status. Curriculum development. | 25% (Junior) | $48,495 | $23.3 |
| Senior EducatorDepartment chair. Mentors student teachers. | 50% (Median) | $56,560 | $27.2 |
| Lead SpecialistInstructional coach, reading specialist, or VP. | 75% (Senior) | $80,825 | $38.9 |
| AdministratorPrincipal, District Admin, or Consultant. | 90% (Expert) | $87,970 | $42.3 |
Detailed Economics Teachers, Postsecondary Market Analysis
Relocation Context
Nominal Salary
$64,660
Gross Pay
Real Wage (Purchasing Power)
$63,206
Adjusted for COL (102.3)
The nominal average salary of $64,660 in Florida needs to be viewed in the context of its Cost of Living Index of 102.3. This index indicates that the cost of living in Florida is slightly above the national average. Therefore, while the salary is substantial, its purchasing power is marginally reduced when accounting for the slightly higher expenses associated with living in the state.
Job Market Context
510
Total Jobs
0.052
Per 1K Jobs
0.64
Location Quotient
Florida has 0.64x the national average concentration of Economics Teachers, Postsecondary jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
Florida's Location Quotient of 0.64 for Economics Teachers, Postsecondary suggests that the job market for this specific role is less concentrated than the national average. This could mean fewer opportunities compared to other states, but also potentially less competition for qualified candidates. The lower concentration indicates that while the demand exists, it is not a dominant sector within Florida's overall academic employment landscape.
Nearby Job Markets
Hiring Economics Teachers, Postsecondarys?
Frequently Asked Questions
How much does a Economics Teachers, Postsecondary make in Florida?
The median annual salary for a Economics Teachers, Postsecondary in Florida is $64,660. This typically ranges from $50,330 for entry-level positions to $87,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florida is 55.7% lower than the national median of $145,950.
Is Florida a lucrative place for Economics Teachers, Postsecondarys?
No, not compared to the national average.The average salary of $64,660 is significantly lower than the national average of $145,950. While the cost of living is only slightly above average, the substantial pay disparity indicates Florida is not a top-paying state for this profession.
Is Florida a good place to live for Economics Teachers, Postsecondarys?
The Cost of Living Index in Florida is 102.3. While higher than average, this often correlates with higher wages.
How does Florida's cost of living affect the salary?
With a Cost of Living Index of 102.3, Florida is slightly more expensive than the national average. This means the $64,660 salary has a slightly diminished purchasing power compared to a similar salary in a lower-cost-of-living area.
What does the Location Quotient of 0.64 mean for job seekers?
A Location Quotient below 1.0, like Florida's 0.64, signifies that Economics Teachers, Postsecondary are less concentrated in the state compared to the national average. This could translate to fewer job openings but potentially less competition.
How many Economics Teachers, Postsecondary are there in Florida?
There are approximately 510 Economics Teachers, Postsecondary employed in Florida, representing a small but established segment of the state's academic workforce.
Is there high demand for Economics Teachers, Postsecondary in Florida?
The demand appears moderate. While there is a workforce of 510, the lower Location Quotient suggests it's not a field with exceptionally high concentration or demand relative to the national landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the Florida area with a job density of 0.052 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 Florida