Economics Teachers, Postsecondary Salary in Memphis, TN-MS-AR
In Memphis, TN-MS-AR, economics teachers, postsecondarys earn $125,790 at the median. The range runs from $65K at the entry level to $158K for experienced workers. Cost of living is below average (RPP 92.18), which stretches that salary to about $136,461 in buying power. Rent on a 2-bedroom averages $1,274/month, or 15.7% of estimated take-home pay.
AffordMap analysis of BLS Occupational Employment and Wage Statistics (latest release, May 2024)
So what does $126K get you in Memphis?
About economics teachers, postsecondarys
Compensation breakdown
Annual earnings by percentile, Memphis, TN-MS-AR
Entry-level economics teachers, postsecondarys (10th percentile) start around $65K. Mid-career wages sit at $126K.Top earners bring in $158K or more - a $93K 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 |
Track economics teachers, postsecondary salary changes
BLS updates this data quarterly. We'll email you when Memphis numbers change.
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Frequently asked questions
How much do economics teachers, postsecondarys make in Memphis, TN-MS-AR?
The median is $125,790 a year. The range is wide: entry-level workers start around $65,130, and experienced economics teachers, postsecondarys can clear $157,960. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $126K enough to live in Memphis?
On that salary, you'd take home roughly $8,061/month after taxes. A 2-bedroom here rents for about $1,274/month (HUD Fair Market Rent), which eats 15.8% 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 Memphis?
Memphis has a Regional Price Parity of 92.18 (100 is the national average). That's below average - your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median economics teachers, postsecondary salary is worth about $136,461 in national-average purchasing power.
Where do economics teachers, postsecondarys 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.