Economics Professors in Michigan
Is Michigan a good place for you to work as an Economics Professor?
You’re in luck! Jobs for Economics Professors in Michigan are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Economics Professors in Michigan is growing faster than average.
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Economics Professors in Michigan earn higher salaries than the typical U.S. wage earner.
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How Many Economics Professors Work in Michigan?
300 people worked as Economics Professors in 2018 in this state.
There were 260 Economics Professors employed in this state in 2017.
That’s growth of 40 jobs between 2017 and 2018.
The typical state has 180 Economics Professors working in it, which means Michigan has more Economics Professors than average.
Job Projections for Michigan
Jobs for Economics Professors in this state are growing at a rate of 8.7% which is slower than the nationwide estimated projection of 10.9%.
Michigan Annual Job Openings
The BLS is projecting 20 annual Economics Professors job openings in Michigan, and 250 total jobs in the year 2026.
Nationwide, the prediction is 1,500 annual jobs and 18,300 total jobs in 2026.
What do Economics Professors Make in Michigan?
In 2018 wages for Economics Professors ranged from $44,290 to $175,650 with $103,650 being the median annual salary.
The median salary in Michigan is higher than the nationwide median salary.
Top Michigan Metros for Economics Professors
The table below shows some of the metros in this state with the most Economics Professors.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Detroit-Warren-Dearborn, MI | 70 | $96,040 |
Top States for Economics Professors Employment
The table below shows the states where most Economics Professors work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| New York | 1,650 | $110,710 |
| Texas | 1,020 | $97,220 |
| Massachusetts | 870 | $110,630 |
| Pennsylvania | 710 | $109,360 |
| California | 700 | $125,160 |
| North Carolina | 580 | $91,330 |
| Illinois | 520 | $110,310 |
| Ohio | 470 | $99,920 |
| Virginia | 440 | $92,790 |
| Florida | 340 | $100,530 |
| New Jersey | 340 | $102,430 |
| Michigan | 300 | $103,650 |
| Minnesota | 300 | $95,020 |
| Indiana | 300 | $113,370 |
| Colorado | 290 | $97,920 |
| Washington | 260 | $70,300 |
| Connecticut | 240 | $94,260 |
| District of Columbia | 230 | $101,460 |
| Maryland | 230 | $96,970 |
| Wisconsin | 200 | $95,620 |
Below are the states where Economics Professors get paid the most:
| State | Annual Median Salary |
|---|---|
| New Hampshire | $134,270 |
| Rhode Island | $133,140 |
| California | $125,160 |
| Iowa | $120,140 |
| Tennessee | $115,120 |
| Indiana | $113,370 |
| Utah | $112,470 |
| Kansas | $112,120 |
| New York | $110,710 |
| Massachusetts | $110,630 |
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By pixabay under License
More about our data sources and methodologies.
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