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

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

Washington is 9.8% pricier than the US average

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

Nominal Salary
$85,630
Median annual (2024)
-8.9%
Real Purchasing Power
$77,987
COL-adjusted (RPP=109.8)

Washington Cost of Living Index

Washington's Regional Price Parity (RPP) is 109.8, meaning prices are 9.8% higher the national average. A Economics Teachers, Postsecondary earning $85,630 in Washington has the equivalent purchasing power of $77,987 in an average-cost US state.

WA: 109.8
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 Washington's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $61,840 $56,320 $-5,519
25th Percentile (P25) $76,820 $69,963 $-6,856
Median (P50) $85,630 $77,987 $-7,642
75th Percentile (P75) $106,180 $96,703 $-9,476
90th Percentile (P90) $162,850 $148,315 $-14,534
Key Insight

While $85,630 sounds high, Washington's elevated cost of living erases 9% of that salary's purchasing power. Your real buying power is $77,987. Consider whether the higher pay offsets the higher costs.

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

Washington ranks #38 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 Washington after cost of living?

A Economics Teachers, Postsecondary in Washington earns a median salary of $85,630 per year. After adjusting for Washington's cost of living (RPP=109.8), the real purchasing power is $77,987 — a -8.9% difference.

Is Washington expensive to live in?

Washington's cost of living is 9.8% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Washington is 109.8 (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 Washington: $85,630 x (100 / 109.8) = $77,987. This represents what the salary would be worth in a state with average living costs.

Does the high cost of living in Washington offset the salary?

Partially — a Economics Teachers, Postsecondary's nominal salary of $85,630 in Washington has 8.9% less purchasing power due to higher living costs. The real value is $77,987. However, Washington may offer better career opportunities, networking, and industry access.

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