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The average salary for an Assistant Professor of Economics is $100,665 per year, with a typical hourly rate of about $48. Salaries can vary widely based on factors including geographic location, the type of institution (public vs. private), and the academic's level of experience. For instance, professors in metropolitan areas or prestigious universities often command higher salaries.
Different states offer varying compensation packages for Assistant Professors of Economics. For example, states such as California, New York, and Massachusetts are known to provide some of the highest salaries in this field. Conversely, regions with lower living costs may offer less. Researching state averages can help potential candidates identify the best locations for their career.
In addition to state variations, specific institutions may offer more competitive salaries. Positions at research universities or those with strong funding for economics departments tend to provide better salary packages. Candidates are encouraged to explore job listings and connect with academic networks to uncover these opportunities.
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The average assistant professor of economics salary in New Hampshire, Rhode Island, and Delaware are the highest in the U.S. The lowest average assistant professor of economics salary states are Wyoming, Kentucky, and Georgia.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Rhode Island | $139,249 | $66.95 |
| 2 | Alaska | $125,554 | $60.36 |
| 3 | Vermont | $116,510 | $56.01 |
| 4 | New York | $122,911 | $59.09 |
| 5 | District of Columbia | $136,593 | $65.67 |
| 6 | Pennsylvania | $107,487 | $51.68 |
| 7 | Massachusetts | $118,665 | $57.05 |
| 8 | New Hampshire | $140,889 | $67.74 |
| 9 | Maine | $110,321 | $53.04 |
| 10 | Delaware | $138,262 | $66.47 |
| 11 | Virginia | $108,643 | $52.23 |
| 12 | Indiana | $107,882 | $51.87 |
| 13 | New Jersey | $105,898 | $50.91 |
| 14 | Nevada | $122,876 | $59.08 |
| 15 | Michigan | $98,039 | $47.13 |
| 16 | Oregon | $94,491 | $45.43 |
| 17 | Alabama | $94,074 | $45.23 |
| 18 | Utah | $94,864 | $45.61 |
| 19 | Louisiana | $88,090 | $42.35 |
| 20 | Illinois | $98,776 | $47.49 |
| 21 | Arizona | $95,193 | $45.77 |
| 22 | Texas | $85,178 | $40.95 |
| 23 | Maryland | $99,481 | $47.83 |
| 24 | California | $107,856 | $51.85 |
| 25 | Mississippi | $78,743 | $37.86 |
| 26 | North Carolina | $90,107 | $43.32 |
| 27 | Idaho | $92,203 | $44.33 |
| 28 | Ohio | $91,579 | $44.03 |
| 29 | South Dakota | $77,301 | $37.16 |
| 30 | Connecticut | $91,577 | $44.03 |
| 31 | Nebraska | $77,699 | $37.36 |
| 32 | Tennessee | $79,273 | $38.11 |
| 33 | Montana | $81,779 | $39.32 |
| 34 | Kansas | $77,573 | $37.29 |
| 35 | Colorado | $77,107 | $37.07 |
| 36 | Washington | $87,775 | $42.20 |
| 37 | Florida | $80,883 | $38.89 |
| 38 | Wisconsin | $75,448 | $36.27 |
| 39 | Missouri | $78,317 | $37.65 |
| 40 | Kentucky | $72,664 | $34.93 |
| 41 | Hawaii | $79,242 | $38.10 |
| 42 | West Virginia | $62,967 | $30.27 |
| 43 | South Carolina | $74,727 | $35.93 |
| 44 | Wyoming | $73,738 | $35.45 |
| 45 | Arkansas | $76,922 | $36.98 |
| 46 | Minnesota | $77,488 | $37.25 |
| 47 | North Dakota | $75,637 | $36.36 |
| 48 | Iowa | $69,392 | $33.36 |
| 49 | Oklahoma | $74,381 | $35.76 |
| 50 | Georgia | $71,919 | $34.58 |
| 51 | New Mexico | $70,286 | $33.79 |
The highest-paying cities for assistant professors of economics are Providence, RI, Washington, DC, and Poughkeepsie, NY.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Providence, RI | $140,324 | $67.46 |
| 2 | Washington, DC | $137,308 | $66.01 |
| 3 | Poughkeepsie, NY | $123,561 | $59.40 |
| 4 | Boston, MA | $119,006 | $57.21 |
| 5 | Santa Clara, CA | $112,685 | $54.18 |
| 6 | Philadelphia, PA | $108,402 | $52.12 |
| 7 | Richmond, VA | $108,169 | $52.00 |
| 8 | Baltimore, MD | $99,811 | $47.99 |
| 9 | Grand Rapids, MI | $95,058 | $45.70 |
| 10 | Ogden, UT | $94,682 | $45.52 |
| 11 | Huntsville, AL | $94,006 | $45.20 |
| 12 | Durham, NC | $93,343 | $44.88 |
| 13 | Middletown, CT | $91,837 | $44.15 |
| 14 | Athens, OH | $91,481 | $43.98 |
| 15 | San Antonio, TX | $86,884 | $41.77 |
| 16 | Urban Honolulu, HI | $79,345 | $38.15 |
| 17 | Saint Louis, MO | $78,772 | $37.87 |
| 18 | Minneapolis, MN | $77,477 | $37.25 |
| 19 | Kennesaw, GA | $71,764 | $34.50 |
An assistant professor of economics's salary ranges from $61,000 a year at the 10th percentile to $165,000 at the 90th percentile.

| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $165,000 | $13,750 | $79 |
| 75th Percentile | $130,000 | $10,833 | $63 |
| Average | $100,665 | $8,389 | $48 |
| 25th Percentile | $77,000 | $6,417 | $37 |
| 10th Percentile | $61,000 | $5,083 | $29 |
The highest paying types of assistant professors of economics are professor, economics department chairperson, and associate professor of economics.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Professor | $157,570 | $13,131 | $75.75 | 21,861 |
Top companies hiring assistant professors of economics now:
Assistant professor of economics salaries at Emory University and Stanford University are the highest-paying according to our most recent salary estimates. In addition, the average assistant professor of economics salary at companies like California Institute of Technology and Columbia University in the City of New York are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Emory University | $164,178 | $78.93 |
| 2 | Stanford University | $153,689 | $73.89 |
| 3 | California Institute of Technology | $153,080 | $73.60 |
| 4 | Columbia University in the City of New York | $148,880 | $71.58 |
| 5 | Vanderbilt University Medical Center | $146,517 | $70.44 |
| 6 | Carnegie Mellon University | $144,778 | $69.60 |
| 7 | The George Washington University | $140,684 | $67.64 |
| 8 | Princeton University | $138,716 | $66.69 |
| 9 | Northwestern University | $137,102 | $65.91 |
| 10 | Marshall University | $132,425 | $63.67 |
| 11 | IUPUI | $130,396 | $62.69 |
| 12 | Brown University | $130,250 | $62.62 |
| 13 | The University System of Maryland Foundation | $126,098 | $60.62 |
| 14 | University of Pittsburgh | $125,364 | $60.27 |
| 15 | University of Rochester | $125,250 | $60.22 |
| 16 | University of Kentucky | $125,160 | $60.17 |
| 17 | Our Lady of the Lake University | $124,008 | $59.62 |
| 18 | WASHINGTON UNIVERSITY OF VIRGINIA | $122,448 | $58.87 |
| 19 | Saint Louis University | $121,761 | $58.54 |
| 20 | Yeshiva University | $120,627 | $57.99 |
The average assistant professor of economics salary has risen by $20,600 over the last ten years. In 2014, the average assistant professor of economics earned $80,065 annually, but today, they earn $100,665 a year. That works out to a 12% change in pay for assistant professors of economics over the last decade.
Compare assistant professor of economics salaries for cities or states with the national average over time.
Compare assistant professor of economics salaries for individual cities or states with the national average.
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $101,000 | $48.40 | +2.7% |
| 2025 | $98,000 | $47.09 | +2.8% |
| 2024 | $95,200 | $45.79 | +3.1% |
| 2023 | $92,300 | $44.38 | +2.6% |
| 2022 | $89,900 | $43.21 | +1.8% |
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| St. Olaf College | Assistant Professor of Economics (Macro) | Northfield, MN | 06/29/2025 | $84,000 |
| Staff and Faculty | Assistant Professor Economics | Ithaca, NY | 06/19/2025 | $75,640 |
| Ithaca College | Assistant Professor Economics | Ithaca, NY | 06/18/2025 | $75,640 |
| President and Board of Trustees of Santa Clara College | Assistant Professor, Department of Economics (Leavey School of Business) | Santa Clara, CA | 05/23/2025 | $147,000 |
| Wofford College | Assistant Professor of Economics | Spartanburg, SC | 04/28/2025 | $90,600 |
| University of Maryland Eastern Shore | Assistant Professor In Agricultural Economics | Princess Anne, MD | 04/18/2025 | $80,000 |
| Cuny | Assistant Professor-Finance, Information Systems and Economics | New York, NY | 04/09/2025 | $99,532 |
| Wofford College | Assistant Professor of Economics | Spartanburg, SC | 03/28/2025 | $90,600 |
| Saginaw Valley State University | Assistant Professor of Economics | Center, MI | 03/24/2025 | $78,500 |
| North Carolina Agricultural & Technical State University | Assistant Professor of Economics | Greensboro, NC | 03/21/2025 | $109,500 |
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