Average Economics Teachers, Postsecondary Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Economics Teachers, Postsecondary in the Philadelphia-Camden-Wilmington area earn an average annual salary of $126,890. This figure is notably below the national average of $145,950, suggesting localized economic factors or a different supply-demand dynamic may be at play in this region. The specific economic landscape and institutional needs within Philadelphia-Camden-Wilmington likely influence compensation levels for these specialized educators.
Executive Summary
- Average Salary: $126,890 per year.
- Growth Trend: Salaries have shifted 1.5% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $208,500.
- Outlook: The job market for Economics Teachers, Postsecondary in Philadelphia-Camden-Wilmington appears moderately concentrated, with a total local workforce of 350 individuals. The Location Quotient of 1.53 indicates a higher concentration of these roles compared to the national average, suggesting a stable, albeit not rapidly expanding, demand for economics educators within the region's educational institutions.
Salary Overview
The average Economics Teachers, Postsecondary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns-13.1%below the national average.
$61
$2,440
$10,574
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 Philadelphia-Camden-Wilmington have experienced gradual growth over the past four years, mirroring general trends in higher education compensation. This growth is typically driven by inflation, increased demand for specialized economic expertise, and the need for institutions to remain competitive in attracting qualified faculty.
Economics Teachers, Postsecondary Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Salary progression for Economics Teachers, Postsecondary typically scales significantly with experience. Entry-level positions may command salaries at the lower percentiles, while seasoned professors with extensive research, publications, and teaching experience can reach the upper percentiles, often exceeding $150,000 annually. The widening gap between entry-level and senior roles signifies substantial career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ProbationaryInitial licensure. Mentored by senior faculty. | 10% (Entry) | $62,570 | $30.1 |
| Tenured / ProProfessional status. Curriculum development. | 25% (Junior) | $95,168 | $45.8 |
| Senior EducatorDepartment chair. Mentors student teachers. | 50% (Median) | $107,220 | $51.5 |
| Lead SpecialistInstructional coach, reading specialist, or VP. | 75% (Senior) | $158,613 | $76.3 |
| AdministratorPrincipal, District Admin, or Consultant. | 90% (Expert) | $208,500 | $100.2 |
Detailed Economics Teachers, Postsecondary Market Analysis
Relocation Context
Nominal Salary
$126,890
Gross Pay
Real Wage (Purchasing Power)
$126,890
Adjusted for COL (100)
The average annual salary of $126,890 for Economics Teachers, Postsecondary in Philadelphia-Camden-Wilmington aligns precisely with the national average cost of living index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a balanced financial standing for individuals relocating to or residing in this metropolitan area.
Job Market Context
350
Total Jobs
0.123
Per 1K Jobs
1.53
Location Quotient
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has 1.5x 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.
With a Location Quotient of 1.53, Philadelphia-Camden-Wilmington exhibits a job market for Economics Teachers, Postsecondary that is 53% more concentrated than the national average. This suggests a robust presence of these roles and potentially a competitive environment for securing positions, as the demand is relatively higher than in many other regions across the country.
Nearby Job Markets
Nearby Cities for Economics Teachers, Postsecondary
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Economics Teachers, Postsecondary Salary | $149,980↑ 18% | 28 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Economics Teachers, Postsecondarys?
Frequently Asked Questions
How much does a Economics Teachers, Postsecondary make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Economics Teachers, Postsecondary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $126,890. 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 13.1% lower than the national median of $145,950.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Economics Teachers, Postsecondarys?
No, it is not more lucrative than the national average.While the average salary of $126,890 is substantial, it falls below the national average of $145,950. However, the cost of living is at the national average, making the salary's purchasing power comparable.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Economics Teachers, Postsecondarys?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($149,980) and others.
How does the local salary compare to the national average for Economics Teachers, Postsecondary?
The average annual salary for Economics Teachers, Postsecondary in Philadelphia-Camden-Wilmington is $126,890, which is lower than the national average of $145,950.
What is the concentration of Economics Teachers, Postsecondary in Philadelphia-Camden-Wilmington?
The Philadelphia-Camden-Wilmington area has a higher concentration of Economics Teachers, Postsecondary, indicated by a Location Quotient of 1.53, meaning there are 53% more such jobs than the national average.
How does the cost of living in Philadelphia-Camden-Wilmington affect the salary?
The cost of living in Philadelphia-Camden-Wilmington is exactly at the national average (100), meaning the $126,890 salary has the same purchasing power as the national average salary.
What does the job market size indicate for Economics Teachers, Postsecondary in this region?
With 350 Economics Teachers, Postsecondary locally, the job market is moderately sized, and the high Location Quotient suggests a stable demand for these professionals within the region's educational sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 0.123 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD