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As a Personal Finance Instructor, your contribution to financial education is invaluable. The average annual salary of $95,892 reflects the demand for skilled educators in this field. Salaries can vary significantly based on factors such as experience, location, and the type of institution. For instance, instructors in states like California and New York often earn higher wages due to the cost of living and demand for financial literacy education.
Examining salary variations across states can help prospective instructors make informed decisions about their career paths. For example, states with a higher cost of living typically offer salaries that align with those expenses. Additionally, metropolitan areas tend to provide better compensation compared to rural settings.
Various institutions, including colleges, universities, and community organizations, hire Personal Finance Instructors. Understanding where to find the highest-paying positions can enhance your job search. Whether you're just starting or have years of experience, knowing the salary landscape can significantly impact your career decisions.
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The highest-paying states for personal finance instructors are New York, Massachusetts, and Connecticut. The lowest average personal finance instructor salary states are Iowa, Texas, and Utah.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $143,495 | $68.99 |
| 2 | Connecticut | $121,483 | $58.41 |
| 3 | New Jersey | $120,182 | $57.78 |
| 4 | Massachusetts | $132,438 | $63.67 |
| 5 | Michigan | $105,731 | $50.83 |
| 6 | Rhode Island | $108,723 | $52.27 |
| 7 | West Virginia | $113,099 | $54.37 |
| 8 | Indiana | $107,456 | $51.66 |
| 9 | Delaware | $107,613 | $51.74 |
| 10 | Wisconsin | $99,792 | $47.98 |
| 11 | Pennsylvania | $101,558 | $48.83 |
| 12 | New Hampshire | $113,700 | $54.66 |
| 13 | Vermont | $96,492 | $46.39 |
| 14 | Illinois | $101,312 | $48.71 |
| 15 | Maine | $108,905 | $52.36 |
| 16 | South Carolina | $94,316 | $45.34 |
| 17 | North Carolina | $89,128 | $42.85 |
| 18 | Maryland | $96,896 | $46.58 |
| 19 | Virginia | $91,024 | $43.76 |
| 20 | Kentucky | $89,083 | $42.83 |
| 21 | Georgia | $92,027 | $44.24 |
| 22 | Minnesota | $87,887 | $42.25 |
| 23 | District of Columbia | $105,126 | $50.54 |
| 24 | Missouri | $88,604 | $42.60 |
| 25 | Tennessee | $85,050 | $40.89 |
| 26 | Louisiana | $85,824 | $41.26 |
| 27 | California | $83,144 | $39.97 |
| 28 | Alabama | $83,935 | $40.35 |
| 29 | South Dakota | $83,369 | $40.08 |
| 30 | Nebraska | $81,519 | $39.19 |
| 31 | Colorado | $75,331 | $36.22 |
| 32 | Mississippi | $78,867 | $37.92 |
| 33 | Hawaii | $59,264 | $28.49 |
| 34 | Wyoming | $70,848 | $34.06 |
| 35 | North Dakota | $71,691 | $34.47 |
| 36 | Arizona | $82,638 | $39.73 |
| 37 | Oklahoma | $82,355 | $39.59 |
| 38 | Ohio | $79,264 | $38.11 |
| 39 | Florida | $76,264 | $36.67 |
| 40 | Oregon | $66,488 | $31.97 |
| 41 | Kansas | $79,440 | $38.19 |
| 42 | Utah | $62,221 | $29.91 |
| 43 | Alaska | $29,510 | $14.19 |
| 44 | Texas | $65,590 | $31.53 |
| 45 | Idaho | $72,880 | $35.04 |
| 46 | Nevada | $70,928 | $34.10 |
| 47 | Arkansas | $74,183 | $35.66 |
| 48 | Iowa | $65,823 | $31.65 |
| 49 | Washington | $66,274 | $31.86 |
| 50 | New Mexico | $69,242 | $33.29 |
| 51 | Montana | $61,705 | $29.67 |
The highest-paying cities for personal finance instructors are New York, NY, Wayne, NJ, and Chicago, IL.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $184,315 | $88.61 |
| 2 | Wayne, NJ | $136,239 | $65.50 |
| 3 | Chicago, IL | $111,990 | $53.84 |
| 4 | Milwaukee, WI | $111,165 | $53.44 |
| 5 | Richmond, KY | $93,157 | $44.79 |
| 6 | Santa Barbara, CA | $84,840 | $40.79 |
| 7 | Fort Collins, CO | $76,860 | $36.95 |
| 8 | Dallas, TX | $66,195 | $31.82 |
A personal finance instructor's salary ranges from $31,000 a year at the 10th percentile to $291,000 at the 90th percentile.

| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $291,000 | $24,250 | $140 |
| 75th Percentile | $172,000 | $14,333 | $83 |
| Average | $95,892 | $7,991 | $46 |
| 25th Percentile | $53,000 | $4,417 | $25 |
| 10th Percentile | $31,000 | $2,583 | $15 |
The highest paying types of personal finance instructors are private music instructor, piano instructor, and instructor.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Dance Teacher | $47,909 | $3,992 | $23.03 | 71,355 |
| Instructor, Adjunct Faculty | $52,225 | $4,352 | $25.11 | 37,739 |
| Instructor | $53,426 | $4,452 | $25.69 | 39,273 |
| Guitar Instructor | $46,506 | $3,875 | $22.36 | 24,514 |
| Adjunct Instructor | $52,030 | $4,336 | $25.01 | 40,633 |
| Martial Arts Instructor | $34,287 | $2,857 | $16.48 | 24,925 |
How would you rate the starting salaries for personal finance instructors, as well as the prospects for salary advancement?
David McMahan Ph.D.
Charles A. Dana Professor of Religious Studies, Franklin and Marshall College
Top companies hiring personal finance instructors now:
Personal finance instructor salaries at CHRISTUS Health and Eastern Kentucky University are the highest-paying according to our most recent salary estimates. In addition, the average personal finance instructor salary at companies like Rutgers University and Fordham University are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | CHRISTUS Health | $160,979 | $77.39 |
| 2 | Eastern Kentucky University | $126,019 | $60.59 |
| 3 | Rutgers University | $98,143 | $47.18 |
| 4 | Fordham University | $83,067 | $39.94 |
| 5 | UC Santa Barbara | $79,476 | $38.21 |
| 6 | Bryant & Stratton College | $77,673 | $37.34 |
| 7 | Robert Half | $75,442 | $36.27 |
| 8 | Syracuse University | $74,780 | $35.95 |
| 9 | Marquette University | $64,225 | $30.88 |
| 10 | MasteryPrep | $62,272 | $29.94 |
| 11 | Metropolitan State University of Denver | $47,124 | $22.66 |
| 12 | North Central Texas College | $37,542 | $18.05 |
| 13 | Central Texas College | $37,214 | $17.89 |
| 14 | William Paterson University Athletics | $33,979 | $16.34 |
| 15 | Guilford Technical Community College | $26,288 | $12.64 |
The average personal finance instructor salary has risen by $9,263 over the last ten years. In 2014, the average personal finance instructor earned $86,629 annually, but today, they earn $95,892 a year. That works out to a 7% change in pay for personal finance instructors over the last decade.
Compare personal finance instructor salaries for cities or states with the national average over time.
Compare personal finance instructor salaries for individual cities or states with the national average.
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $95,900 | $46.10 | +1.9% |
| 2024 | $94,000 | $45.21 | +1.2% |
| 2023 | $92,900 | $44.67 | +0.7% |
| 2022 | $92,200 | $44.35 | +2.9% |
| 2021 | $89,600 | $43.07 | +1.7% |
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