Economics Teachers, Postsecondary Salary
In Richmond, VA, economics teachers, postsecondaries earn $128,470 at the median. The range runs from $64K at the entry level to $215K for experienced workers. Adjusted for local prices (RPP 97.86), that's roughly $131,279 in purchasing power. Rent on a 2-bedroom averages $1,655/month, or 21.2% of estimated take-home pay.
So what does $128K get you in Richmond?
Groceries, utilities, transportation, and healthcare scaled from national averages by Richmond’s Regional Price Parity (97.86). 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
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What this looks like in Richmond
Economics teachers, postsecondary pay in Richmond tracks closely to the national median, $128K locally vs. $124K nationwide, a 4% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,655/month, 21.7% of take-home, well inside the 30% guideline. Cost of living (RPP 97.86) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for economics teachers, postsecondaries in metros near Richmond, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Virginia Beach-Chesapeake-Norfolk | $129K | $132K |
| Washington-Arlington-Alexandria | $155K | $142K |
| Baltimore-Columbia-Towson | $134K | $128K |
| Nashville-Davidson--Murfreesboro--Franklin | $129K | $134K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Richmond, VA
Entry-level economics teachers, postsecondaries (10th percentile) start around $64K. Mid-career wages sit at $128K. Top earners bring in $215K or more, a $151K spread from bottom to top.
Economics Teachers, Postsecondary pay across states
Median income ranked highest to lowest, compared to the national figure
View Economics Teachers, Postsecondary salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New Hampshire | $202K | +63% | 80 |
| Massachusetts | $164K | +33% | 750 |
| District of Columbia | $162K | +31% | 220 |
| Connecticut | $156K | +26% | 300 |
| California | $137K | +11% | 770 |
| Arizona | $137K | +11% | 100 |
| Oregon | $136K | +10% | 180 |
| Vermont | $135K | +9% | 80 |
| Maryland | $134K | +8% | 200 |
| Louisiana | $133K | +7% | 70 |
| Nebraska | $131K | +6% | 90 |
| Michigan | $129K | +4% | 350 |
| Virginia | $129K | +4% | 460 |
| Utah | $128K | +4% | 150 |
| New York | $128K | +3% | 1,240 |
| Maine | $126K | +2% | 70 |
| Illinois | $125K | +1% | 460 |
| Texas | $119K | -4% | 770 |
| Pennsylvania | $118K | -5% | 610 |
| Georgia | $118K | -5% | 370 |
| Missouri | $117K | -6% | 150 |
| North Carolina | $114K | -8% | 490 |
| New Mexico | $110K | -11% | 60 |
| New Jersey | $110K | -11% | 410 |
| South Carolina | $109K | -12% | 110 |
| Minnesota | $108K | -12% | 250 |
| Oklahoma | $107K | -13% | 110 |
| Kentucky | $106K | -14% | 120 |
| Ohio | $106K | -15% | 410 |
| Indiana | $105K | -15% | 150 |
| Tennessee | $105K | -16% | 250 |
| Kansas | $103K | -16% | 130 |
| Alabama | $101K | -18% | 90 |
| Wisconsin | $100K | -19% | 310 |
| Colorado | $99K | -20% | 270 |
| Washington | $97K | -22% | 190 |
| West Virginia | $91K | -26% | 40 |
| Florida | $91K | -26% | 150 |
| Mississippi | $88K | -29% | 70 |
| South Dakota | $86K | -31% | 40 |
| Iowa | $85K | -31% | 80 |
| Arkansas | $77K | -38% | 40 |
Showing 1–10 of 42 states with published data
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 Richmond numbers change.
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Frequently asked questions
Can a economics teachers, postsecondary afford a 2BR apartment alone in Richmond?
Yes — at the median salary of $128K, rent takes 21.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,655/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for economics teachers, postsecondaries in Richmond?
The 10th-percentile wage — what new economics teachers, postsecondaries typically earn — is $64K/year. Take-home on that works out to about $3,841/month. At HUD’s $1,655/month FMR, rent would take 43% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is economics teachers, postsecondary a high-paying job in Richmond?
Pay here is roughly in line with the national average — $128K locally vs. $124K nationally, a 4% difference.
How does Richmond compare to the national average for economics teachers, postsecondaries?
Richmond pays $128K median vs. the U.S. average of $124K — that’s +4%. After adjusting for local cost of living (RPP 97.86), the purchasing-power equivalent is $131K — still ahead of the national median.
How much do economics teachers, postsecondaries make in Richmond, VA?
The median is $128,470 a year. But the range is wide: entry-level workers start around $64,010, and experienced economics teachers, postsecondaries can clear $214,720. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $128K enough to live in Richmond?
On that salary, you'd take home roughly $7,641/month after taxes. A 2-bedroom here rents for about $1,655/month, which eats 21.7% 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 Richmond?
Richmond has a Regional Price Parity of 97.86 (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 $131,279 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.