Economics Teachers, Postsecondary Salary in Richmond, VA

Economics Teachers, Postsecondary pay range in Richmond

New workers and the lowest-paid 10% earn about $64,010 a year or less, while the top 10% make $214,720 or more. The middle half of economics teachers, postsecondary in Richmond earn between $87,330 and $158,760.

*Hourly figures assume 2,080 paid hours a year (BLS publishes this job's pay as annual only). Hourly to annual salary.

Economics Teachers, Postsecondary pay in Richmond vs. Virginia and the U.S.

Economics teachers, postsecondary in Richmond earn 5% less than the Virginia average ($139,310) and 5% less than the U.S. average ($138,850). At the median the gap is +4% against the U.S. median of $123,920.

State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.

Economics Teachers, Postsecondary salary after taxes in Richmond

On the average salary of $131,740, a single filer in Richmond takes home about $94,549 a year, or $7,879 a month and $3,637 every two weeks. Taxes take 28% of gross pay.

Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).

Virginia paycheck calculator: try your own salary

Is Richmond a good place for economics teachers, postsecondary? Pay vs. cost of living

Prices in the Richmond area are 2% below the U.S. average (BEA price parity 97.9), so the average $131,740 buys what about $134,624 would buy in a typical U.S. metro. This job pays 2.5 times the median wage of all jobs in Richmond ($51,460). A typical home costs $397,705, or 3.0 years of this average salary before tax.

See what $131,740 is worth in another city

Economics Teachers, Postsecondary salary in other Virginia cities

Richmond ranks 1st of 2 Virginia metro areas for this job, the best-paid in the state.

All Economics Teachers, Postsecondary salaries in Virginia

Highest-paying cities for economics teachers, postsecondary

Ann Arbor, MI pays this job the most of the metro areas we cover ($234,120).

Economics Teachers, Postsecondary salary by city

Related jobs in Richmond

• Law Teachers, Postsecondary$149,400 a year
• Health Specialties Teachers, Postsecondary$130,720 a year
• Engineering Teachers, Postsecondary$122,550 a year
• Business Teachers, Postsecondary$115,140 a year
• Computer Science Teachers, Postsecondary$110,060 a year
• Political Science Teachers, Postsecondary$105,960 a year
• Physics Teachers, Postsecondary$101,600 a year
• Chemistry Teachers, Postsecondary$97,030 a year

Average salary in Richmond and every job