Occupational Employment Statistics

Occupational Employment and Wages, May 2004

25-1063 Economics Teachers, Postsecondary

Teach courses in economics. Include both teachers primarily engaged in teaching and those who do a combination of both teaching and research.

National estimates for this occupation
Industry profile for this occupation
State profile for this occupation
Metropolitan area profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
12,230 1.9 % (4) $73,280 1.5 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $35,180 $49,360 $67,520 $89,030 $118,220
(4)

Industry profile for this occupation: Top

Industries with the highest levels of employment in this occupation:

Industry Employment Hourly mean wage Annual mean wage
Colleges and universities 9,910 (4) $78,080
Junior colleges 2,270 (4) $52,660

Top paying industries for this occupation:

Industry Employment Hourly mean wage Annual mean wage
Colleges and universities 9,910 (4) $78,080
Junior colleges 2,270 (4) $52,660

State profile for this occupation: Top

States with the highest concentration of workers in this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment
District of Columbia 150 (4) $70,120 0.025%
Vermont 60 (4) $70,240 0.020%
Rhode Island 90 (4) $89,760 0.019%
North Dakota 60 (4) $64,490 0.019%
Massachusetts 590 (4) $89,750 0.019%

Top paying States for this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment
Connecticut 240 (4) $93,320 0.015%
Rhode Island 90 (4) $89,760 0.019%
Massachusetts 590 (4) $89,750 0.019%
New York 330 (4) $86,690 0.004%
Minnesota 250 (4) $85,890 0.010%

Metropolitan area profile for this occupation: Top

Metropolitan areas with the highest concentration of workers in this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Gainesville, FL MSA 110 (4) $96,840 0.091%
Worcester, MA-CT PMSA 70 (4) $68,960 0.031%
Springfield, MA MSA 70 (4) $75,270 0.028%
Raleigh-Durham-Chapel Hill, NC MSA 170 (4) $106,560 0.025%
Hartford, CT MSA 130 (4) $87,390 0.022%

Top paying Metropolitan areas for this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Raleigh-Durham-Chapel Hill, NC MSA 170 (4) $106,560 0.025%
Boston, MA-NH PMSA 350 (4) $98,430 0.018%
Gainesville, FL MSA 110 (4) $96,840 0.091%
Oakland, CA PMSA 200 (4) $94,890 0.020%
New York, NY PMSA 120 (4) $93,320 0.003%

About May 2004 National, State, and Metropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors in metropolitan and non-metropolitan areas in every State and the District of Columbia. The top five employment and wage figures are provided above. The complete list is available in the downloadable Excel files(XLS).

Percentile wage estimates show the percentage of workers in an occupation that earn less than a given wage and the percentage that earn more. The median wage is the 50th percentile wage estimate—50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly mean wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(4) Hourly wage rates for occupations where workers typically work fewer than 2,080 hours per year are not available.

All Education, Training, and Library Occupations

May 2004 National Occupational Employment and Wage Estimates

May 2004 State Occupational Employment and Wage Estimates

May 2004 Metropolitan Area Occupational Employment and Wage Estimates

May 2004 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2004 Occupational Employment and Wage Estimates in Zipped Excel files

Technical notes

Last Modified Date: June 02, 2005

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