As of March 01, 2026, the average salary for a College Instructor - Economics in the United States is $64,000 per year, which breaks down to an hourly rate of $31.
However, a College Instructor - Economics's salary can vary significantly. Here’s a look at the typical salary range:
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A College Instructor - Economics's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a College Instructor - Economics's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| College Instructor - Economics | 0-0 years | $63,915 |
| College Assistant Professor - Economics | 0-0 years | $86,257 |
| College Associate Professor - Economics | 0-0 years | $93,274 |
| College Professor - Economics | 0-0 years | $125,205 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract College Instructor - Economics. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Commitment | 12.88% |
| Tutoring | 2.21% |
| First Aid | 1.45% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Pediatric
|
$78,720 |
23%
|
|
Patient Care
|
$75,520 |
18%
|
|
Programming
|
$70,400 |
10%
|
|
Organizational Skills
|
$68,480 |
7%
|
|
Facilitation
|
$67,840 |
6%
|
|
Chemistry
|
$67,200 |
5%
|
Your level of education can impact your salary potential. While many College Instructor - Economics enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a College Instructor - Economics with a Bachelor's Degree is between $61,188 and $68,933).
College Instructor - Economics Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 5.9% |
| High School | 88.2% |
| Associates | 5.9% |
| Bachelors | 0.0% |
| Masters | 88.2% |
| Doctorate | 5.9% |
Understanding how a College Instructor - Economics's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on March 01, 2026Promotions are the fastest way to increase your earnings. As a College Instructor - Economics, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| College Assistant Professor - Architecture | $72,300 | 13% |
| College Assistant Professor - Biology | $71,100 | 11% |
| College Assistant Professor - Chemical Engineering | $96,100 | 50% |
| College Assistant Professor - Civil Engineering | $90,400 | 41% |
Salaries for a College Instructor - Economics can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $55,867 in 2023 to around $53,962 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of College Instructor - Economics salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $55,867 |
| 2024 | $55,153 |
| 2025 | $53,962 |
| 2026 |
View More
|
| 2027 |
View More
|
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PhD professors in the US can earn varying salaries based on their field and experience. For College Instructors in Economics, salaries range from a minimum of $55,400 to a mid-level of $66,100, with top earners making up to $89,400 annually. This reflects the diverse compensation landscape for academic professionals.
The job market for economics professors can be competitive, particularly for tenure-track roles at research universities. While demand exists, the number of available positions may be limited due to the high number of candidates with advanced degrees. Salaries for college instructors in economics typically range from $55,400 to $89,400, with a median of $66,100.
College instructors in economics typically earn between $55,400 and $89,400 annually, with a mid-salary of $66,100. For part-time instructors, pay can average around $1,700 per unit per semester. Therefore, teaching a typical four-unit class could yield approximately $6,800 per semester, aligning with the overall salary range for full-time positions.
Becoming an economics professor can be challenging, as most positions require a PhD. While some colleges may hire those with a master's degree, advancement typically necessitates further education. Strong research skills are essential, as professors spend time conducting research in addition to teaching. Salaries for economics instructors range from $55,400 to $89,400, with a median of $66,100.
The estimated total pay range for a College Instructor in Economics is between $55,400 and $89,400 per year, with a mid-salary of $66,100. This range reflects base salary and potential additional compensation, providing a comprehensive view of earnings in this role.
Economics professors generally earn competitive salaries. For college instructors, the salary ranges from a minimum of $55,400 to a maximum of $89,400, with a mid-salary of $66,100. While these figures may vary by institution and experience, they reflect a solid compensation for educators in the field of economics.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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