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Average Economics Teachers, Postsecondary Salary in New York

Postsecondary Economics Teachers in New York earn an impressive average annual salary of $146,720, slightly surpassing the national average of $145,950. This elevated compensation reflects New York's robust academic landscape and high demand for specialized economic educators, driving salaries above the national benchmark.

Executive Summary

  • Average Salary: $146,720 per year.
  • Growth Trend: Salaries have shifted 6.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $225,300.
  • Outlook: With a local workforce of 1,360 Economics Teachers, Postsecondary, and a Location Quotient of 1.77, New York demonstrates a significant concentration of these professionals compared to the national average. This indicates a strong and potentially growing demand for economics educators within the state's higher education institutions.
2024 Market Data

Salary Overview

$146,720

The average Economics Teachers, Postsecondary in New York earns+0.5%above the national average.

BreakdownBased on 40h/week
Hourly

$70.5

Weekly

$2,822

Monthly

$12,227

Economics Teachers, Postsecondary Salary Distribution in New York

Salary progression for Economics Teachers, Postsecondary in New York typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive research, teaching, and publication records can command salaries in the upper percentiles. These percentile gaps clearly signify substantial career advancement opportunities and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
ProbationaryInitial licensure. Mentored by senior faculty.10% (Entry)$69,570$33.4
Tenured / ProProfessional status. Curriculum development.25% (Junior)$110,040$52.9
Senior EducatorDepartment chair. Mentors student teachers.50% (Median)$134,480$64.7
Lead SpecialistInstructional coach, reading specialist, or VP.75% (Senior)$183,400$88.2
AdministratorPrincipal, District Admin, or Consultant.90% (Expert)$225,300$108.3

Detailed Economics Teachers, Postsecondary Market Analysis

Relocation Context

Nominal Salary

$146,720

Gross Pay

Real Wage (Purchasing Power)

$117,282

Adjusted for COL (125.1)

The nominal average salary of $146,720 in New York presents a mixed picture when considering the local Cost of Living Index of 125.1. While the salary is robust, the cost of living is approximately 25% higher than the national average, meaning the purchasing power of this salary may be somewhat diminished compared to living in a lower-cost area.

Job Market Context

1,360

Total Jobs

0.143

Per 1K Jobs

1.77

Location Quotient

Major Hub

New York has 1.8x 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 1.77 signifies that Postsecondary Economics Teachers are more than 75% more concentrated in New York than the national average. This suggests a highly developed market for these educators, potentially indicating strong competition for positions but also a rich environment for academic collaboration and career specialization.

Nearby Job Markets

Nearby Cities for Economics Teachers, Postsecondary

CitySalaryDist.
Albany-Schenectady-Troy, NY Economics Teachers, Postsecondary Salary$132,120↓ 10%68 mi

Comparing salaries near New York

Hiring Economics Teachers, Postsecondarys?

Frequently Asked Questions

How much does a Economics Teachers, Postsecondary make in New York?

The median annual salary for a Economics Teachers, Postsecondary in New York is $146,720. This typically ranges from $69,570 for entry-level positions to $225,300 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New York is 0.5% higher than the national median of $145,950.

Is New York a lucrative place for Economics Teachers, Postsecondarys?

Yes, New York is a lucrative place for Economics Teachers, Postsecondarys.The average salary of $146,720 significantly exceeds the national average, indicating strong earning potential despite a higher cost of living.

Is New York a good place to live for Economics Teachers, Postsecondarys?

The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New York?

Some top paying nearby cities include Albany-Schenectady-Troy, NY ($132,120) and others.

How does the New York salary compare to the national average?

The average annual salary for Postsecondary Economics Teachers in New York is $146,720, which is slightly higher than the national average of $145,950.

What is the concentration of Economics Teachers, Postsecondary in New York?

New York has a Location Quotient of 1.77 for this profession, meaning the concentration of these teachers is 77% higher than the national average.

How does the cost of living affect the salary in New York?

With a Cost of Living Index of 125.1, New York is about 25% more expensive than the national average, which impacts the real value of the $146,720 salary.

What does the job market look like for this role in New York?

The market is robust, with a substantial local workforce of 1,360 and a high concentration (LQ 1.77), suggesting strong demand and a developed academic environment for economics educators.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,360 employees in the New York area with a job density of 0.143 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Economics Teachers, Postsecondary • Data source: BLS OEWS 2024 •Jobs in New York