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Economics Teachers, Postsecondary Salary in Pennsylvania: Cost of Living Adjusted (2024)

What does a Economics Teachers, Postsecondary salary really buy you in Pennsylvania?

Pennsylvania is 3.8% cheaper than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$120,010
Median annual (2024)
+4.0%
Real Purchasing Power
$124,750
COL-adjusted (RPP=96.2)

Pennsylvania Cost of Living Index

Pennsylvania's Regional Price Parity (RPP) is 96.2, meaning prices are 3.8% lower the national average. A Economics Teachers, Postsecondary earning $120,010 in Pennsylvania has the equivalent purchasing power of $124,750 in an average-cost US state.

PA: 96.2
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Pennsylvania's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $62,570 $65,041 +$2,471
25th Percentile (P25) $80,040 $83,201 +$3,161
Median (P50) $120,010 $124,750 +$4,740
75th Percentile (P75) $162,090 $168,492 +$6,402
90th Percentile (P90) $208,500 $216,735 +$8,235
Key Insight

A Economics Teachers, Postsecondary in Pennsylvania earns $120,010 on paper, but low living costs mean your money goes 4% further — like earning $124,750 in an average-cost state. This makes Pennsylvania one of the best value states for this occupation.

Best States for Economics Teachers, Postsecondary (After Cost of Living)

Where does Economics Teachers, Postsecondary salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$143,903
RPP 107.6
$132,591
RPP 93.4
3. Alabama
$132,334
RPP 87.8
4. Arizona
$131,841
RPP 99.9
$128,411
RPP 106.4
$124,981
RPP 107.6
$124,799
RPP 102.1
$124,750
RPP 96.2
9. Texas
$124,728
RPP 97.5
10. Illinois
$123,622
RPP 101.3

Pennsylvania ranks #8 out of 39 states for Economics Teachers, Postsecondary after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Economics Teachers, Postsecondary in Pennsylvania after cost of living?

A Economics Teachers, Postsecondary in Pennsylvania earns a median salary of $120,010 per year. After adjusting for Pennsylvania's cost of living (RPP=96.2), the real purchasing power is $124,750 — a +4.0% difference.

Is Pennsylvania expensive to live in?

Pennsylvania's cost of living is 3.8% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Pennsylvania is 96.2 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Economics Teachers, Postsecondary in Pennsylvania: $120,010 x (100 / 96.2) = $124,750. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Economics Teachers, Postsecondary in Pennsylvania financially?

From a purchasing power perspective, yes. A Economics Teachers, Postsecondary in Pennsylvania enjoys 4.0% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.

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