Occupational Employment Statistics

Occupational Employment and Wages, May 2015

25-1063 Economics Teachers, Postsecondary

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


National estimates for this occupation
Industry profile for this occupation
Geographic 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)
Mean wage
RSE (3)
13,580 1.7 % (4) $106,980 1.3 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Annual Wage (2) $45,220 $65,170 $94,000 $130,180 $184,240
(4)

Industry profile for this occupation: Top

Industries with the highest published employment and wages for this occupation are provided. For a list of all industries with employment in this occupation, see the Create Customized Tables function.

Industries with the highest levels of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Colleges, Universities, and Professional Schools 11,300 0.38 (4) $113,300
Junior Colleges 2,270 0.30 (4) $75,910

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Colleges, Universities, and Professional Schools 11,300 0.38 (4) $113,300
Junior Colleges 2,270 0.30 (4) $75,910

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Colleges, Universities, and Professional Schools 11,300 0.38 (4) $113,300
Junior Colleges 2,270 0.30 (4) $75,910


Geographic profile for this occupation: Top

States and areas with the highest published employment, location quotients, and wages for this occupation are provided. For a list of all areas with employment in this occupation, see the Create Customized Tables function.





States with the highest employment level in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 1,580 0.18 1.79 (4) $116,940
Pennsylvania 1,140 0.20 2.04 (4) $99,920
Texas 1,010 0.09 0.88 (4) $104,010
California 940 0.06 0.62 (4) $116,280
Massachusetts 770 0.23 2.31 (4) $132,820




States with the highest concentration of jobs and location quotients in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Vermont 130 0.44 4.44 (4) $77,570
District of Columbia 270 0.40 4.09 (4) $108,930
Massachusetts 770 0.23 2.31 (4) $132,820
Pennsylvania 1,140 0.20 2.04 (4) $99,920
Rhode Island 90 0.19 1.96 (8) (8)




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Massachusetts 770 0.23 2.31 (4) $132,820
Michigan 220 0.05 0.55 (4) $126,730
New Hampshire 110 0.17 1.78 (4) $126,370
New Jersey 350 0.09 0.90 (4) $125,420
Illinois 400 0.07 0.69 (4) $120,240





Metropolitan areas with the highest employment level in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 910 0.14 1.42 (4) $129,210
Philadelphia, PA Metropolitan Division 480 0.55 5.59 (4) $107,980
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 470 0.19 1.98 (4) $113,670
Boston-Cambridge-Newton, MA NECTA Division 460 0.26 2.63 (4) $158,570
Houston-The Woodlands-Sugar Land, TX 290 0.10 0.99 (4) $110,760
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 210 0.05 0.51 (4) $133,790
Pittsburgh, PA 200 0.18 1.83 (4) $100,180
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 200 0.06 0.58 (8) (8)
Atlanta-Sandy Springs-Roswell, GA 170 0.07 0.71 (4) $86,770
Durham-Chapel Hill, NC 170 0.59 5.95 (4) $161,040




Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Mankato-North Mankato, MN 30 0.65 6.62 (8) (8)
College Station-Bryan, TX 60 0.63 6.38 (4) $162,530
Tuscaloosa, AL 60 0.59 6.00 (4) $130,150
Durham-Chapel Hill, NC 170 0.59 5.95 (4) $161,040
Philadelphia, PA Metropolitan Division 480 0.55 5.59 (4) $107,980
Blacksburg-Christiansburg-Radford, VA 30 0.48 4.84 (8) (8)
Dutchess County-Putnam County, NY Metropolitan Division 60 0.46 4.70 (4) $98,380
Lynchburg, VA 30 0.32 3.27 (4) $99,460
Worcester, MA-CT 80 0.31 3.13 (4) $95,180
Albany-Schenectady-Troy, NY 140 0.31 3.18 (4) $76,130




Top paying metropolitan areas for this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
College Station-Bryan, TX 60 0.63 6.38 (4) $162,530
Durham-Chapel Hill, NC 170 0.59 5.95 (4) $161,040
Boston-Cambridge-Newton, MA NECTA Division 460 0.26 2.63 (4) $158,570
Rochester, NY 80 0.16 1.63 (4) $155,840
San Diego-Carlsbad, CA 90 0.07 0.70 (4) $137,790
Newark, NJ-PA Metropolitan Division 110 0.10 0.97 (4) $135,840
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 210 0.05 0.51 (4) $133,790
Tuscaloosa, AL 60 0.59 6.00 (4) $130,150
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 910 0.14 1.42 (4) $129,210
Allentown-Bethlehem-Easton, PA-NJ 80 0.24 2.43 (4) $127,670

Nonmetropolitan areas with the highest employment in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Central Kentucky nonmetropolitan area 40 0.24 2.41 (4) $87,680
Northeast Mississippi nonmetropolitan area 40 0.18 1.86 (4) $87,280
Southwest New York nonmetropolitan area 40 0.22 2.22 (4) $80,740
North Northeastern Ohio non-metropolitan area (non-contiguous) 40 0.11 1.11 (4) $88,490

Nonmetropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Central Kentucky nonmetropolitan area 40 0.24 2.41 (4) $87,680
Southwest New York nonmetropolitan area 40 0.22 2.22 (4) $80,740
Northeast Mississippi nonmetropolitan area 40 0.18 1.86 (4) $87,280
North Northeastern Ohio non-metropolitan area (non-contiguous) 40 0.11 1.11 (4) $88,490

Top paying nonmetropolitan areas for this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
North Northeastern Ohio non-metropolitan area (non-contiguous) 40 0.11 1.11 (4) $88,490
Central Kentucky nonmetropolitan area 40 0.24 2.41 (4) $87,680
Northeast Mississippi nonmetropolitan area 40 0.18 1.86 (4) $87,280
Southwest New York nonmetropolitan area 40 0.22 2.22 (4) $80,740
Western Pennsylvania nonmetropolitan area (8) (8) (8) (4) $78,980


About May 2015 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. 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 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) Wages for some occupations that do not generally work year-round, full time, are reported either as hourly wages or annual salaries depending on how they are typically paid.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OES estimates and related information:

May 2015 National Occupational Employment and Wage Estimates

May 2015 State Occupational Employment and Wage Estimates

May 2015 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2015 National Industry-Specific Occupational Employment and Wage Estimates

May 2015 Occupation Profiles

Technical Notes

Last Modified Date: March 30, 2016