Economics Teachers, Postsecondary salary in Chicago-Naperville-Elgin, IL-IN
Economics Teachers, Postsecondary in the Chicago-Naperville-Elgin, IL-IN metro area earn a median of $124,360 a year, based on BLS data for 260 workers.
Pay ranges from $59,010 for the lowest-paid 10% to $201,210 for the top 10%. That is about the same as the national median of $123,920. Pay here is about the same as the Illinois statewide median of $124,850. There are 0.06 economics teachers, postsecondary per 1,000 jobs here — the job is less common than nationally (location quotient 0.77). The average (mean) salary is $124,370, above the median because a few high earners pull it up.
Pay range for economics teachers, postsecondary in Chicago-Naperville-Elgin, IL-IN
| Pay level | Yearly |
|---|---|
| 10th percentile (entry level) | $59,010 |
| 25th percentile | $80,250 |
| Median | $124,360 |
| 75th percentile | $165,470 |
| 90th percentile (top earners) | $201,210 |
| Average (mean) | $124,370 |
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 | $10,363.33 |
| Semi-monthly (24 a year) | $5,181.67 |
| Biweekly (26 a year) | $4,783.08 |
| Weekly | $2,391.54 |
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.
Buying a home? On a $124,360 salary, see how much house you can afford in Illinois at today's mortgage rates, or work out a payment with the mortgage calculator.
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 |
See Economics Teachers, Postsecondary pay in every state or the Illinois statewide figures.
Related jobs in Chicago-Naperville-Elgin, IL-IN
More: Educational Instruction and Library Occupations · all salaries in Chicago-Naperville-Elgin, IL-IN
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 Chicago-Naperville-Elgin, IL-IN?
The median salary for economics teachers, postsecondary in the Chicago-Naperville-Elgin, IL-IN metro area is $124,360 a year. Pay ranges from $59,010 for the lowest-paid 10% to $201,210 for the top 10%.
How much do the highest-paid economics teachers, postsecondary make in Chicago-Naperville-Elgin, IL-IN?
The top 10% of economics teachers, postsecondary in the Chicago-Naperville-Elgin, IL-IN metro area earn at least $201,210 a year. The top 25% earn $165,470 or more.
What is the starting pay for economics teachers, postsecondary in Chicago-Naperville-Elgin, IL-IN?
Entry-level pay (the 10th percentile) is about $59,010 a year, and a quarter of economics teachers, postsecondary earn $80,250 or less.
How many economics teachers, postsecondary work in Chicago-Naperville-Elgin, IL-IN?
About 260 economics teachers, postsecondary are employed in the Chicago-Naperville-Elgin, IL-IN metro area, not counting the self-employed.