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Economics Teachers, Postsecondary Salary in Illinois

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

Last updated: 2024 data from the Bureau of Labor Statistics

$125,230
Median Annual Salary
$128,650
Mean Salary
$125,230
Median Salary
$60.21
Hourly Rate
520 people work as Economics Teachers, Postsecondary in Illinois

About This Job: Economics Teachers, Postsecondary

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

Top Skills

Speaking
4.12
Reading Comprehension
4.0
Active Listening
4.0
Writing
4.0
Instructing
4.0

Key Knowledge Areas

Mathematics
4.51
Education and Training
4.32
Economics and Accounting
4.23
English Language
4.13
Computers and Electronics
2.89
Typical Education: Doctoral Degree (80.8% of workers)

Source: O*NET OnLine, U.S. Department of Labor

Salary Range: Economics Teachers, Postsecondary in Illinois

Salaries for Economics Teachers, Postsecondary in Illinois range from $63,330 at the 10th percentile (entry level) to $202,830 at the 90th percentile (experienced). The middle 50% earn between $99,560 and $165,980.

Median $125,230
P10: $63,330 P25: $99,560 P75: $165,980 P90: $202,830
10th
$63,330
25th
$99,560
Median
$125,230
75th
$165,980
90th
$202,830
Percentile Annual Salary Hourly Rate Monthly
10th Percentile (Entry Level) $63,330 $30.45 $5,277
25th Percentile $99,560 $47.87 $8,296
Median (50th) $125,230 $60.21 $10,435
75th Percentile $165,980 $79.80 $13,831
90th Percentile (Experienced) $202,830 $97.51 $16,902

Note: The mean (average) salary of $128,650 differs from the median because salary distributions are typically skewed by high earners.

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What does this salary really buy? See Economics Teachers, Postsecondary salary in Illinois adjusted for cost of living →

Economics Teachers, Postsecondary Salary by State

Compare Economics Teachers, Postsecondary pay across states — sorted by highest median salary.

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Frequently Asked Questions

How much does a Economics Teachers, Postsecondary make in Illinois?
The median annual salary for a Economics Teachers, Postsecondary in Illinois is $125,230 as of 2024. The average (mean) salary is $128,650.
What is the salary range for a Economics Teachers, Postsecondary in Illinois?
Salaries for Economics Teachers, Postsecondary in Illinois range from $63,330 at the 10th percentile to $202,830 at the 90th percentile. The middle 50%% earn between $99,560 and $165,980.
What is the starting salary for a Economics Teachers, Postsecondary in Illinois?
Entry-level Economics Teachers, Postsecondary positions in Illinois typically start around $63,330 (10th percentile). With some experience, salaries rise to $99,560 (25th percentile).
How many people work as Economics Teachers, Postsecondary in Illinois?
According to 2024 BLS data, approximately 520 people are employed as Economics Teachers, Postsecondary in Illinois.
What is the hourly rate for a Economics Teachers, Postsecondary in Illinois?
Based on a standard 2,080-hour work year, the median hourly rate for a Economics Teachers, Postsecondary in Illinois is approximately $60.21 per hour.

Data Source & Methodology

Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2024 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.

Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.

Our Methodology · Data Sources · Source: BLS OEWS