Economics Teachers, Postsecondary Salary Trend (2011–2024)
Historical salary and employment data from the U.S. Bureau of Labor Statistics.
Median Salary in 2024
$119,980
↑ 40.6% since 2011
Median Salary Over Time
Economics Teachers, Postsecondary — Median Annual Salary
Employment Over Time
Economics Teachers, Postsecondary — Total Employment
Key Insights
📈Salaries grew 40.6% since 2011 ($85,310 → $119,980)
🏆Peak year: 2024 at $119,980
🦠COVID impact: Salary rose 2.8% from 2019 to 2020, likely reflecting workforce composition changes.
💰After inflation (~3%/yr), real growth is approximately -4%
Year-by-Year Salary Data
| Year | Median Salary | YoY Change |
|---|---|---|
| 2024 | $119,980 | +4.1% |
| 2023 | $115,300 | +10.9% |
| 2022 | $103,930 | -1.0% |
| 2021 | $104,940 | -2.2% |
| 2020 | $107,260 | +2.8% |
| 2019 | $104,370 | +2.8% |
| 2018 | $101,480 | +3.2% |
| 2017 | $98,350 | +2.7% |
| 2016 | $95,770 | +1.9% |
| 2015 | $94,000 | +3.4% |
| 2014 | $90,870 | +0.9% |
| 2013 | $90,070 | +2.4% |
| 2012 | $87,950 | +3.1% |
| 2011 | $85,310 | — |
Data Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), 2011–2024. All figures are annual median wages in nominal dollars.