Average Economics Teachers, Postsecondary Salary in Massachusetts
Economics Teachers, Postsecondary professionals in Massachusetts earn an impressive average annual salary of $157,350, significantly surpassing the national average of $145,950. This elevated compensation is likely driven by the state's robust educational infrastructure, high demand for specialized economic expertise, and a concentration of higher learning institutions that necessitate top-tier faculty.
Executive Summary
- Average Salary: $157,350 per year.
- Growth Trend: Salaries have shifted 13.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $236,025.
- Outlook: With a local workforce of 760 Economics Teachers, Postsecondary, Massachusetts demonstrates a substantial presence in this field. The Location Quotient of 2.6 indicates a significantly higher concentration of these professionals compared to the national average, suggesting strong and sustained demand within the state's academic sector.
Salary Overview
The average Economics Teachers, Postsecondary in Massachusetts earns+7.8%above the national average.
$75.6
$3,026
$13,113
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 Massachusetts have experienced consistent 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 Massachusetts
Salary progression for Economics Teachers, Postsecondary typically scales with experience. Entry-level positions will command lower salaries, while seasoned professionals with extensive research, teaching, and publication records can expect to reach the higher percentiles. The widening gap between entry-level and senior salaries signifies clear career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ProbationaryInitial licensure. Mentored by senior faculty. | 10% (Entry) | $78,010 | $37.5 |
| Tenured / ProProfessional status. Curriculum development. | 25% (Junior) | $118,013 | $56.7 |
| Senior EducatorDepartment chair. Mentors student teachers. | 50% (Median) | $135,070 | $64.9 |
| Lead SpecialistInstructional coach, reading specialist, or VP. | 75% (Senior) | $196,688 | $94.6 |
| AdministratorPrincipal, District Admin, or Consultant. | 90% (Expert) | $236,025 | $113.5 |
Detailed Economics Teachers, Postsecondary Market Analysis
Relocation Context
Nominal Salary
$157,350
Gross Pay
Real Wage (Purchasing Power)
$106,031
Adjusted for COL (148.4)
The nominal average salary of $157,350 in Massachusetts must be considered alongside its Cost of Living Index of 148.4. While the salary is substantially higher than the national average, the cost of living is also considerably elevated, meaning the purchasing power of this salary may be somewhat moderated compared to lower-cost states with similar nominal wages.
Job Market Context
760
Total Jobs
0.21
Per 1K Jobs
2.6
Location Quotient
Massachusetts has 2.6x 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.
A Location Quotient of 2.6 for Economics Teachers, Postsecondary in Massachusetts signifies a market that is more than twice as concentrated as the national average. This suggests a highly competitive environment for new entrants but also indicates a mature and robust job market with ample opportunities for experienced professionals within the state's academic institutions.
Nearby Job Markets
Nearby Cities for Economics Teachers, Postsecondary
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Economics Teachers, Postsecondary Salary | $117,420↓ 25% | 14 mi |
| Boston-Cambridge-Newton, MA-NH Economics Teachers, Postsecondary Salary | $168,810↑ 7% | 24 mi |
| Providence-Warwick, RI-MA Economics Teachers, Postsecondary Salary | $168,160↑ 7% | 29 mi |
| Amherst Town-Northampton, MA Economics Teachers, Postsecondary Salary | $142,720↓ 9% | 52 mi |
Comparing salaries near Massachusetts
Hiring Economics Teachers, Postsecondarys?
Frequently Asked Questions
How much does a Economics Teachers, Postsecondary make in Massachusetts?
The median annual salary for a Economics Teachers, Postsecondary in Massachusetts is $157,350. This typically ranges from $78,010 for entry-level positions to $236,025 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Massachusetts is 7.8% higher than the national median of $145,950.
Is Massachusetts a lucrative place for Economics Teachers, Postsecondarys?
Yes, Massachusetts is a highly lucrative state for Economics Teachers, Postsecondary.The average salary significantly exceeds the national average, and the high concentration of these professionals indicates strong demand within the state's educational institutions.
Is Massachusetts a good place to live for Economics Teachers, Postsecondarys?
The Cost of Living Index in Massachusetts is 148.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Massachusetts?
Some top paying nearby cities include Worcester, MA ($117,420) and Boston-Cambridge-Newton, MA-NH.
How does the number of Economics Teachers in Massachusetts compare nationally?
Massachusetts employs 760 Economics Teachers, Postsecondary, and with a Location Quotient of 2.6, the concentration of these professionals is more than double the national average, indicating a significant presence.
What is the cost of living impact on an Economics Teacher's salary in Massachusetts?
While the average salary is high at $157,350, the Cost of Living Index is also high at 148.4, meaning the real purchasing power of the salary is somewhat reduced compared to lower-cost regions.
Are there many job opportunities for Economics Teachers in Massachusetts?
The Location Quotient of 2.6 suggests a strong demand and a higher concentration of jobs relative to the national average, indicating a robust market for these educators.
How does Massachusetts' average salary for Economics Teachers compare to the national average?
Economics Teachers, Postsecondary in Massachusetts earn an average of $157,350 annually, which is $11,400 more than the national average of $145,950.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 760 employees in the Massachusetts area with a job density of 0.21 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 Massachusetts