Working as an Economics Teacher

There is more than meets the eye when it comes to being an economics teacher. For example, did you know that they make an average of $52.43 an hour? That's $109,059 a year!

Between 2018 and 2028, the career is expected to grow 4% and produce 38,200 job opportunities across the U.S.

What Does an Economics Teacher Do

There are certain skills that many economics teachers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed patience, communication skills and resourcefulness.

When it comes to the most important skills required to be an economics teacher, we found that a lot of resumes listed 14.2% of economics teachers included classroom management, while 10.5% of resumes included professional development, and 10.3% of resumes included lesson plans. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

How To Become an Economics Teacher

If you're interested in becoming an economics teacher, one of the first things to consider is how much education you need. We've determined that 40.8% of economics teachers have a bachelor's degree. In terms of higher education levels, we found that 45.4% of economics teachers have master's degrees. Even though most economics teachers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an economics teacher. When we researched the most common majors for an economics teacher, we found that they most commonly earn master's degree degrees or bachelor's degree degrees. Other degrees that we often see on economics teacher resumes include doctoral degree degrees or diploma degrees.

You may find that experience in other jobs will help you become an economics teacher. In fact, many economics teacher jobs require experience in a role such as teacher. Meanwhile, many economics teachers also have previous career experience in roles such as social studies teacher or internship.

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Average Salary$109,059
Job Growth Rate4%

Economics Teacher Jobs

Economics Teacher Career Paths

Top Careers Before Economics Teacher
Teacher18.3 %
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Top Careers After Economics Teacher
Teacher16.7 %
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What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Economics Teacher

Economics Teachers in America make an average salary of $109,059 per year or $52 per hour. The top 10 percent makes over $165,000 per year, while the bottom 10 percent under $71,000 per year.
Average Salary
$109,059

Best Paying Cities

City
Average Salary

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Economics Teachers, Postsecondary
Economics Teachers, Postsecondary
Frostburg State University
Frostburg State University
04/08/2019
04/08/2019
$73,35004/08/2019
$73,350
Economics Teacher
Economics Teacher
University of Maryland College Park
University of Maryland College Park
04/05/2019
04/05/2019
$180,00004/05/2019
$180,000
Economics Teacher, Postsecondary
Economics Teacher, Postsecondary
California State University Long Beach
California State University Long Beach
03/05/2019
03/05/2019
$84,13203/05/2019
$84,132
Postsecondary Economics Teacher
Postsecondary Economics Teacher
University of Northern Colorado
University of Northern Colorado
05/25/2018
05/25/2018
$49,66005/25/2018
$49,660
Economics Teachers, Postsecondary
Economics Teachers, Postsecondary
Skidmore College
Skidmore College
07/18/2017
07/18/2017
$99,73007/18/2017
$99,730
See More Recent Salaries

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Economics Teacher Demographics

Gender

Male

54.4 %

Female

37.4 %

Unknown

8.2 %
Ethnicity

White

55.1 %

Hispanic or Latino

14.5 %

Black or African American

13.8 %
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Foreign Languages Spoken

Spanish

25.0 %

Chinese

15.9 %

French

13.6 %
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Economics Teacher Education

Schools

National University

7.1 %

Strayer University

7.1 %

Texas A&M University

7.1 %

Florida International University

7.1 %
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Majors

Economics

16.6 %

Business

16.1 %

Education

11.6 %

Elementary Education

7.0 %
Show More
Degrees

Masters

45.4 %

Bachelors

40.8 %

Certificate

6.3 %

Doctorate

3.8 %
Show More

Entry Level Jobs For Becoming An Economics Teacher

Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For an Economics Teacher

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 14.2% of economics teachers listed classroom management on their resume, but soft skills such as patience and communication skills are important as well.

Best States For an Economics Teacher

Some places are better than others when it comes to starting a career as an economics teacher. The best states for people in this position are California, Maryland, New York, and Illinois. Economics teachers make the most in California with an average salary of $109,672. Whereas in Maryland and New York, they would average $108,871 and $106,623, respectively. While economics teachers would only make an average of $105,164 in Illinois, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Illinois

Total Economics Teacher Jobs:
547
Highest 10% Earn:
$174,000
Location Quotient:
1.5
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Texas

Total Economics Teacher Jobs:
1,234
Highest 10% Earn:
$148,000
Location Quotient:
2.06
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Massachusetts

Total Economics Teacher Jobs:
266
Highest 10% Earn:
$167,000
Location Quotient:
1.05
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Economics Teacher Employers

1. University of California Press
4.1
Avg. Salary: 
$48,267
Economics Teachers Hired: 
28+
2. Boston College
4.5
Avg. Salary: 
$54,216
Economics Teachers Hired: 
15+
3. New York University
4.8
Avg. Salary: 
$58,034
Economics Teachers Hired: 
14+
4. Chapin Hall Center For Children
4.6
Avg. Salary: 
$55,382
Economics Teachers Hired: 
13+
5. Columbia University
4.7
Avg. Salary: 
$52,740
Economics Teachers Hired: 
13+
6. Harvard University
4.5
Avg. Salary: 
$52,551
Economics Teachers Hired: 
11+

Recently Added Economics Teacher Jobs

Updated October 2, 2020