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Average Economics Teachers, Postsecondary Salary in Pennsylvania

Economics Teachers, Postsecondary in Pennsylvania earn an average annual salary of $125,860. This figure is notably below the national average of $145,950, suggesting that while the demand is present, specific market dynamics or regional economic factors in Pennsylvania may influence compensation levels for this specialized academic role.

Executive Summary

  • Average Salary: $125,860 per year.
  • Growth Trend: Salaries have shifted 6.6% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $208,500.
  • Outlook: With a total local workforce of 620 professionals, Pennsylvania demonstrates a solid presence of Economics Teachers, Postsecondary. The location quotient of 1.29 indicates a concentration of these roles that is 29% higher than the national average, signaling a robust and potentially growing demand within the state's educational institutions.
2024 Market Data

Salary Overview

$125,860

The average Economics Teachers, Postsecondary in Pennsylvania earns-13.8%below the national average.

BreakdownBased on 40h/week
Hourly

$60.5

Weekly

$2,420

Monthly

$10,488

Economics Teachers, Postsecondary Salary Distribution in Pennsylvania

Salary progression for Economics Teachers, Postsecondary in Pennsylvania typically scales significantly with experience. Entry-level positions may start at a lower percentile, but seasoned professionals with advanced degrees and extensive research or teaching experience can command salaries in the upper percentiles, reflecting their specialized knowledge and contributions to higher education.

Experience LevelMarket PercentileAnnual WageHourly Rate
ProbationaryInitial licensure. Mentored by senior faculty.10% (Entry)$62,570$30.1
Tenured / ProProfessional status. Curriculum development.25% (Junior)$94,395$45.4
Senior EducatorDepartment chair. Mentors student teachers.50% (Median)$120,010$57.7
Lead SpecialistInstructional coach, reading specialist, or VP.75% (Senior)$157,325$75.6
AdministratorPrincipal, District Admin, or Consultant.90% (Expert)$208,500$100.2

Detailed Economics Teachers, Postsecondary Market Analysis

Relocation Context

Nominal Salary

$125,860

Gross Pay

Real Wage (Purchasing Power)

$127,131

Adjusted for COL (99)

The average annual salary of $125,860 in Pennsylvania aligns closely with the national average cost of living index of 99. This means that the purchasing power of an Economics Teacher's salary in Pennsylvania is very similar to the national average, offering a stable financial environment for professionals in the state.

Job Market Context

620

Total Jobs

0.104

Per 1K Jobs

1.29

Location Quotient

Above Average

With a location quotient of 1.29, Pennsylvania has a slightly higher-than-average concentration of Economics Teachers, Postsecondary roles compared to the national norm.

A location quotient of 1.29 signifies that Pennsylvania has a higher concentration of Economics Teachers, Postsecondary compared to the national average. This suggests a more specialized and potentially competitive market within the state, where institutions may actively seek out these educators, but also implies a dedicated pool of talent available for recruitment.

Nearby Job Markets

Hiring Economics Teachers, Postsecondarys?

Frequently Asked Questions

How much does a Economics Teachers, Postsecondary make in Pennsylvania?

The median annual salary for a Economics Teachers, Postsecondary in Pennsylvania is $125,860. This typically ranges from $62,570 for entry-level positions to $208,500 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Pennsylvania is 13.8% lower than the national median of $145,950.

Is Pennsylvania a lucrative place for Economics Teachers, Postsecondarys?

Yes, with a strong concentration and near-average cost of living.Pennsylvania offers a robust job market for Economics Teachers, Postsecondary, evidenced by a location quotient above the national average. The salary is competitive when considering the cost of living, which is also at the national average.

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

With a Cost of Living Index of 99 (lower than the national average of 100), your salary goes further here.

How does the Pennsylvania salary compare to the national average?

The average salary for Economics Teachers, Postsecondary in Pennsylvania is $125,860, which is $20,090 less than the national average of $145,950.

What is the concentration of Economics Teachers, Postsecondary in Pennsylvania?

Pennsylvania has a location quotient of 1.29 for Economics Teachers, Postsecondary, indicating a concentration that is 29% higher than the national average.

How does the cost of living in Pennsylvania affect salary perception?

With a cost of living index of 99, Pennsylvania's cost of living is virtually identical to the national average, meaning the $125,860 salary offers comparable purchasing power.

What is the total number of Economics Teachers, Postsecondary in Pennsylvania?

There are approximately 620 Economics Teachers, Postsecondary employed within Pennsylvania.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 620 employees in the Pennsylvania area with a job density of 0.104 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 Pennsylvania