Economics Teachers, Postsecondary Salary — Richmond, Virginia

The average Economics Teachers, Postsecondary in Richmond, Virginia earns $131,740 a year.

$131,740 / year, mean
↓ 11.5% below national average 100th percentile in Virginia

Richmond sits at the very top of the range for this role in Virginia — among the highest-paying cities in the state for this occupation. That's noticeably below the national average for economics teachers, postsecondary, worth factoring into any relocation math. Cost of living here is close to the national average — not a major factor either way. This is a high-confidence estimate, based on a large sample of reported wages.

Percentile within Virginia

0th 50th 100th
Employment (this metro)
60
Estimate confidence
RSE 3.2%
Cost of living 98 #76 most expensive of 188 cities in this dataset 100 = U.S. average · Source: BEA Regional Price Parities, 2024
Crime index 1524 #67 safest of 188 cities in this dataset Per 100k residents · Source: FBI Crime Data Explorer
Median home value $397,705 #53 priciest of 188 cities in this dataset Source: zillow_real
Median household income $84,405 #39 highest of 188 cities in this dataset Source: Census Bureau ACS 5-year

Combining these four figures gives a fuller picture than salary alone: Richmond ranks #76 for cost of living and #53 for home prices among the 188 cities in this pilot dataset, which matters as much as the headline salary number when comparing where to live.

Ann Arbor $234,120 Lexington $205,000 College Station $190,330 Santa Maria $182,030 San Francisco $181,860 San Jose $175,020 Riverside $174,140 Austin $170,300 Los Angeles $168,840 Trenton $164,990 Baltimore $162,470 San Diego $152,910 New York $151,960 Rochester $150,380 Philadelphia $138,710 Allentown $133,380 El Paso $133,080 Portland $132,850 Albany $131,890 Richmond $131,740 Houston $128,600 Syracuse $125,380 Seattle $124,770 Chicago $124,370 Sacramento $123,480 Virginia Beach $119,900 Dallas $119,590 San Antonio $114,460 Detroit $108,760 Miami $104,200
CityMean salaryvs. Richmond
Albany, New York$131,890+0.1%
Allentown, Pennsylvania$133,380+1.2%
Ann Arbor, Michigan$234,120+77.7%
Austin, Texas$170,300+29.3%
Baltimore, Maryland$162,470+23.3%
Chicago, Illinois$124,370-5.6%
College Station, Texas$190,330+44.5%
Dallas, Texas$119,590-9.2%
Detroit, Michigan$108,760-17.4%
El Paso, Texas$133,080+1.0%
Houston, Texas$128,600-2.4%
Lexington, Kentucky$205,000+55.6%
Los Angeles, California$168,840+28.2%
Miami, Florida$104,200-20.9%
New York, New York$151,960+15.3%
Philadelphia, Pennsylvania$138,710+5.3%
Portland, Oregon$132,850+0.8%
Riverside, California$174,140+32.2%
Rochester, New York$150,380+14.1%
Sacramento, California$123,480-6.3%
San Antonio, Texas$114,460-13.1%
San Diego, California$152,910+16.1%
San Francisco, California$181,860+38.0%
San Jose, California$175,020+32.9%
Santa Maria, California$182,030+38.2%
Seattle, Washington$124,770-5.3%
Syracuse, New York$125,380-4.8%
Trenton, New Jersey$164,990+25.2%
Virginia Beach, Virginia$119,900-9.0%
Gross salary
131,740/yr
Estimated take-home
94,549/yr
Est. total withheld
28.2%

Single filer, federal + Virginia state tax + FICA, 2025 rates. Does not include state-specific payroll withholdings beyond income tax (see Data transparency). Not tax advice — verify with a professional for your specific situation.

Data transparency

Sources used for this page

Official occupation and area metadata behind the visible salary, cost, housing and safety signals.

Occupation 25-1063 SOC code
Official area Richmond, VA BLS metro/geographic area
Area code 40060 Stable geographic key
Reference year 2025 BLS OEWS
Cost: bea_realHousing: zillow_realCrime: latest availableNet-pay source: va_tax_verificado 2025
No additional caveats are attached to this row.
Methodology

How this page is built

The salary figure is the mean annual wage reported by the BLS Occupational Employment and Wage Statistics (OEWS) program for this occupation and metro area. Percentile and national-average comparisons are calculated directly from the 188 cities currently in this dataset, not from a fixed external benchmark. Cost of living, crime and housing figures come from BEA, FBI and Zillow respectively — see "Data transparency" above for the exact sources and reference years used on this specific page.

Confidence: the RSE (relative standard error) shown under Overview indicates how reliable the salary estimate is for this metro — a lower RSE means a larger underlying sample.