Economics Teachers, Postsecondary salary in Illinois
Economics Teachers, Postsecondary in Illinois earn a median of $124,850 a year, based on BLS data for 460 workers.
Pay ranges from $59,090 for the lowest-paid 10% to $202,490 for the top 10%. That is 1% higher than the national median of $123,920. Illinois ranks 17th of 42 states for economics teachers, postsecondary pay. There are 0.07 economics teachers, postsecondary per 1,000 jobs here — close to the national average. The average (mean) salary is $128,760, above the median because a few high earners pull it up.
Pay range for economics teachers, postsecondary in Illinois
| Pay level | Yearly |
|---|---|
| 10th percentile (entry level) | $59,090 |
| 25th percentile | $86,890 |
| Median | $124,850 |
| 75th percentile | $166,630 |
| 90th percentile (top earners) | $202,490 |
| Average (mean) | $128,760 |
Half of economics teachers, postsecondary earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $10,404.17 |
| Semi-monthly (24 a year) | $5,202.08 |
| Biweekly (26 a year) | $4,801.92 |
| Weekly | $2,400.96 |
BLS publishes only yearly pay for this job, because economics teachers, postsecondary are usually paid a salary and may not work a full 2,080-hour year. Convert any amount with the hourly to salary converter.
Economics Teachers, Postsecondary salary in cities in Illinois
| Metro area | Median salary | Workers |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN | $124,360 | 260 |
Highest-paying states for economics teachers, postsecondary
| State | Median salary |
|---|---|
| New Hampshire | $201,610 |
| Massachusetts | $164,410 |
| District of Columbia | $161,860 |
| Connecticut | $155,950 |
| California | $137,360 |
| Arizona | $137,250 |
| Oregon | $136,450 |
| Vermont | $134,850 |
| Maryland | $133,540 |
| Louisiana | $132,670 |
Related jobs in Illinois
More: Educational Instruction and Library Occupations · all salaries in Illinois
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 25-1063. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a economics teachers, postsecondary make in Illinois?
The median salary for economics teachers, postsecondary in Illinois is $124,850 a year. Pay ranges from $59,090 for the lowest-paid 10% to $202,490 for the top 10%.
How much do the highest-paid economics teachers, postsecondary make in Illinois?
The top 10% of economics teachers, postsecondary in Illinois earn at least $202,490 a year. The top 25% earn $166,630 or more.
What is the starting pay for economics teachers, postsecondary in Illinois?
Entry-level pay (the 10th percentile) is about $59,090 a year, and a quarter of economics teachers, postsecondary earn $86,890 or less.
How many economics teachers, postsecondary work in Illinois?
About 460 economics teachers, postsecondary are employed in Illinois, not counting the self-employed.