Economics Teacher salary
Updated Updated for 2026 tax law
An economics teacher earns a median of $123,920 a year in the US, according to the Bureau of Labor Statistics (May 2025). The average is $138,850. About 11,560 people work in this job.
Take-home pay on $123,920
- Gross pay
- $4,766.15
- Federal income tax
- −$710.57
- Social Security (6.2%)
- −$295.50
- Medicare (1.45%)
- −$69.11
- Texas income tax
- $0.00No state income tax on wages
- Take-home pay
- $3,690.97
Annual breakdown
- Gross
- $123,920
- Federal
- $18,475
- FICA
- $9,480
- State + local
- $0
- Net
- $95,965
- Marginal federal rate
- 24.0%
- Marginal state rate
- 0.0%
2026 federal brackets (Rev. Proc. 2025-32) and 2026 state rules. Estimates assume wages are your only income and use annual liability, so your actual withholding can differ slightly.
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- Business Teacher: $99,080
BLS occupation: Economics Teachers, Postsecondary. Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 (SOC 25-1063). Excludes the self-employed. BLS publishes annual pay only for this occupation.
Frequently asked questions
How much does an economics teacher make an hour?
BLS reports annual pay only for this job: a median of $123,920 a year.
What is the salary range for an economics teacher?
The bottom 10% earn under $64,060 and the top 10% earn over $224,200 a year.
How much is $123,920 after taxes?
About $95,965 a year in Texas (no state income tax) or $87,075 in California for a single filer in 2026.
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Estimates for information only — not tax, legal or financial advice.