Economics Teachers, Postsecondary Salary in Chicago-Naperville-Elgin, IL-IN
In Chicago-Naperville-Elgin, IL-IN, economics teachers, postsecondaries earn $124,770 at the median. The range runs from $62K at the entry level to $203K for experienced workers. Adjusted for local prices (RPP 103.59), that's roughly $120,446 in purchasing power. Rent on a 2-bedroom averages $1,781/month, or 23.5% of estimated take-home pay.
So what does $125K get you in Chicago-Naperville-Elgin?
Groceries, utilities, transportation, and healthcare scaled from national averages by Chicago-Naperville-Elgin’s Regional Price Parity (103.59). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About economics teachers, postsecondaries
Sponsored links — AffordMap may earn a commission at no cost to you. Learn more
Compensation breakdown
Annual earnings by percentile, Chicago-Naperville-Elgin, IL-IN
Entry-level economics teachers, postsecondaries (10th percentile) start around $62K. Mid-career wages sit at $125K. Top earners bring in $203K or more, a $141K spread from bottom to top.
Economics Teachers, Postsecondary pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New Hampshire | $155K | +29% | 90 |
| Connecticut | $137K | +14% | 310 |
| Massachusetts | $135K | +13% | 760 |
| District of Columbia | $135K | +12% | 180 |
| New York | $134K | +12% | 1,360 |
| California | $133K | +11% | 1,050 |
| Arizona | $132K | +10% | 90 |
| Maryland | $128K | +7% | 180 |
| Virginia | $127K | +6% | 460 |
| New Jersey | $127K | +6% | 350 |
| Illinois | $125K | +4% | 520 |
| Michigan | $124K | +3% | 340 |
| Texas | $122K | +1% | 850 |
| Pennsylvania | $120K | +0% | 620 |
| Maine | $118K | -2% | 70 |
| Alabama | $116K | -3% | 150 |
| North Carolina | $110K | -8% | 480 |
| Iowa | $108K | -10% | 70 |
| Kentucky | $108K | -10% | 130 |
| Georgia | $108K | -10% | 340 |
| Vermont | $107K | -11% | 80 |
| New Mexico | $106K | -12% | 70 |
| Tennessee | $105K | -13% | 280 |
| Minnesota | $104K | -13% | 240 |
| Wisconsin | $104K | -14% | 230 |
| Oregon | $104K | -14% | 130 |
| Oklahoma | $103K | -14% | 110 |
| Indiana | $103K | -14% | 240 |
| Utah | $103K | -14% | 160 |
| Idaho | $102K | -15% | 50 |
| Delaware | $102K | -15% | 60 |
| South Carolina | $101K | -16% | 170 |
| Arkansas | $100K | -17% | 60 |
| Kansas | $99K | -17% | 130 |
| Ohio | $97K | -19% | 280 |
| Mississippi | $95K | -20% | 70 |
| West Virginia | $86K | -28% | 50 |
| Washington | $86K | -29% | 230 |
| Florida | $57K | -53% | 510 |
Showing 1–10 of 39 states
BLS does not publish data for every state when sample sizes are too small
Track economics teachers, postsecondary salary changes
BLS updates this data quarterly. We'll email you when Chicago-Naperville-Elgin numbers change.
Related careers in Education
Frequently asked questions
How much do economics teachers, postsecondaries make in Chicago-Naperville-Elgin, IL-IN?
The median is $124,770 a year, that works out to about $0 an hour. But the range is wide: entry-level workers start around $61,890, and experienced economics teachers, postsecondaries can clear $202,840. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $125K enough to live in Chicago-Naperville-Elgin?
On that salary, you'd take home roughly $7,488/month after taxes. A 2-bedroom here rents for about $1,781/month, which eats 23.8% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a economics teachers, postsecondary salary go in Chicago-Naperville-Elgin?
Chicago-Naperville-Elgin has a Regional Price Parity of 103.59 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median economics teachers, postsecondary salary is worth about $120,446 in national-average purchasing power.
Where do economics teachers, postsecondaries get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.