Average College Professor Salary In 2023 (Data Statistics)

Studying dedicatedly and looking forward to a career in the field of education? You surely might be interested in knowing the salary earned by college professors around the Nation. 

54% of Professors in the United States have an opinion that the salaries they receive are enough for the cost of living in their area. The college professors are paid higher than the teachers and the other educational staff. 

In the following article, I have stated details about the average salary earned by college professors in different fields and sectors. I have also included details like the average salary earned by the professors in different states, cities, institutes, and companies.

How Much Do College Professors Earn?

On average, it was reported that college professors earned $157,570 annually. It is summed into $75.75 per hour. 

The college professors in law colleges reported that they receive the highest salary as compared to other fields of study. The average salary received by them is $137,120.

College Professor Salary - Overview

Furthermore, the highest salary is received by the college professors in the city of California, and the lowest average salary received is in the state of 

Some Important Stats Related To College Professors

  1. In the year 2021-2022, it was reported that the salary of full-time professors in the US was calculated to be an average of. $143,823. 
  1. The entry-level salary of the professors was reported to be $88,00 yearly. 
  1. The top professors, with years of experience and expertise, earned an average salary of $280,000. 
  1. The highest average salary is earned by the professor in the state of California.  The average salary there is reported to be $184,725. 

The following table includes the details about the states that provide the highest salary to college professors:

StateAverage Salary
California$184,725
Utah$179,789
New York$179,258
Connecticut$175,104
District of Columbia$170,189
  1. The college professors in Hawaii reported that they received an annual salary of $106,075. 

In the following table, I have listed the states that pay the lowest salary to college professors. 

StateAverage Salary
Hawaii$106,075
Wisconsin$115,257
Vermont$121,660
Illinois$123,891
Florida$125,167
  1. The professors in public universities reported that they earned an average salary of $134,580.
  1. The college professor in private colleges reported earning an average salary of $181,490. 
  1. The colleges that are religiously affiliated pay an average salary of $126,289 to their professors. 
  1. However, the associate professor earned an average of $97,724 in the year 2021-2022. 
  1. The assistant professors n the year 2021-2022 were reported to have an average salary of $85,063.
  1. The professors that received 90th percentile during their college years reported getting an annual pay of $280,000. 

The following table indicates the effect of the percentile on the salary of college professors:

PercentileHourly EarningAnnual Salary
90th Percentile $135$280,000
75th percentile $102$213,000
25th percentile$56$116,000
10th percentile$42$88,000

College Professor Salary According To The Subjects

According to the Bureau of Labour Statistics, the highest salary is earned by college professors in the law field. Annually they earn an average of $137,120. They are followed by professors in the health and humanities field and economics field. 

The following table includes the data issued by the BLS regarding the fields in which the college professors earn the highest. 

Field Average Salary Of The College Professors
Law $137,120
Health specialties$132,640
Economics$117,750
Engineering$109,950 
Business $102,600

Why Do Professors Receive The Same Salary In Spite Of The Rise In Leaving Expenses? 

Over the last decade, it was observed that there was a minor increase in the average salary of the professors, in spite of the rise in the cost of lifestyle and other necessities. 

There was only a 2% growth during this time period, and it made it difficult for the professors to sustain and purchase basic needs. 

On the other hand, college tuition has tremendously risen by more than 46%. This has surely enraged the professors and teachers working in the education industry in the US. 

As a consequence, there was a rise in the salaries of college professors in the year 2022-2023. Here the question arises, “Will the average salaries of college professors decline again due to the expected recession in the upcoming years? ”

How Much Do College Professors Earn In Different States? 

Let us take a look at the average salary earned by college professors in different states of the US. 

StateHourlyAverage Salary
Alabama$77.97$162,175
Alaska$71.26$148,230
Arizona$70.93$147,541
Arkansas$73.27$152,406
California$88.81$184,725
Colorado$73.81$153,528
Connecticut$84.18$175,104
Delaware$63.04$131,133
District of Columbia$81.82$170,189
Florida$60.18$125,167
Georgia$65.77$136,806
Hawaii$51.00$106,075
Idaho$63.66$132,414
Illinois$59.56$123,891
Indiana$73.07$151,984
Iowa$66.19$137,685
Kansas$66.49$138,292
Kentucky$67.24$139,849
Louisiana$71.54$148,799
Maine$75.38$156,784
Maryland$68.42$142,323
Massachusetts$81.30$169,102
Michigan$77.54$161,286
Minnesota$75.95$157,978
Mississippi$76.01$158,105
Missouri$65.01$135,213
Montana$67.76$140,936
Nebraska$69.33$144,196
Nevada$74.46$154,883
New Hampshire$62.54$130,081
New Jersey$67.57$140,543
New Mexico$75.60$157,242
33.New York$86.18$179,258
34. North Carolina$74.62$155,201
35.North Dakota$79.93$166,261
36.Ohio$65.46$136,153
37. Oklahoma$77.35$160,897
38. Oregon$76.68$159,500
39.Pennsylvania$71.90$149,559
40. Rhode Island$66.75$138,841
41. South Carolina$63.81$132,732
42. South Dakota$64.36$133,861
43. Tennessee$61.23$127,349
44. Texas$76.39$158,884
45. Utah$86.44$179,789
46. Vermont$58.49$121,660
47. Virginia$63.95$133,009
48.Washington$76.22$158,541
49. West Virginia$65.52$136,285
50. Wisconsin$55.41$115,257
51. Wyoming.$66.65$138,639

Which Are The Highest-Paying Cities For Professors Near The United States?

The highest salary earned by the professors was recorded in the city of San Francisco. The recorded average salary of college professors was $216,671. 

Let us take a look at the cities in the United States that pay the highest to college professors. 

CityHourly RateAverage Salary
San Francisco$104.17$216,671
New York$98.01$203,866
New Haven$94.06$195,643
Washington$91.15$189,600
Boston$89.05$185,217
Richardson$86.34$179,582
Ann Arbor$83.78$174,263
Minneapolis$80.69$167,838
Chapel Hill$80.59$167,622
Seattle$80.32$167,064

Which Are The Top Companies For Professors In The United States? 

Aiming to pursue your career in the field of education? 

 You surely might be interested to know the details about the companies that offer the highest salary to college professors. 

The following table comprises the details of the companies in the united states that offer the highest salary to college professors. 

Company NameHourly RateAverage Salary
Oregon Health & Science University$123.21$256,269
Stanford University$122.63$255,075
Baylor College of Medicine$118.73$246,950
University of Washington$118.44$246,346
Northwell Health$116.98$243,309
University of Massachusetts Medical School$115.44$240,105
University of California$113.66$236,419
Icahn School of Medicine at Mount Sinai$110.42$229,664
Massachusetts Institute of Technology$110.10$229,013
UTHealth$108.26$225,190

Which University Offers The Highest Salary To College Professors? 

At the University of Columbia, the college professors reported that they were paid the highest. They received a payment of $268,400 annually. 

The following table includes the top average salary offered by private universities in the year 2019-2020. 

University NameAverage Salary of The College Professors. 
New York University$221,000
Duke University$221,500
University of Pennsylvania$237,300
Massachusetts Institute of Technology$240,400
Yale University$242,200
University of Chicago$246,100
Harvard University$253,900
Princeton University$255,000
Stanford University$261,900
Columbia University$268,400

The College professors working in the University of California, Los Angeles received the highest salary among all the public universities. The amount received by them was approximately equal to $225,000 per year. 

The following table indicates the salary earned by the top Public universities in the United States. 

University NameAverage Salary of The College Professors. 
The University of California, Davis$182,600
the University of Texas at Austin$183,800
University of Virginia$185,100
New Jersey Institute of Technology$187,300
University of California, Irvine$189,200
  University of California, San Diego$191,500
Rutgers University at Newark$192,200
University of California, Santa Barbara$200,200
University of California, Berkeley$213,100
University of California, Los Angeles$225,000

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Wrapping Up: Average College Professor Salary (2023)

That’s all about the Salary earned by the college professor. 

The salary earned by college professors varies according to the field that they have opted for, the city, the state and the amount of experience they have. Besides, there are many other factors that can highly impact the monthly and annual salary.

I hope that the above article has helped you to get the required details about college professors’ salaries across the US. By now, you might have got a basic idea about which state you would like to start your career in and in which institution. 

FAQs

Do college professors make a lot of money?

The average salary earned by the professors ranges between $64,000 to $123,000. It is indeed better than the salary earned by the other faculties in the teaching field. In the academic year 2022-2023, the average salary of the college professors recorded was $157,570. 

Do you need to have a PHD to be a professor?

In order to become a professor at the college, you generally need to have a master’s degree. However, if you wish to teach students on higher levels, you will need to have a doctorate degree. Having a PhD makes you eligible to teach at a four-year college or at universities. 

How much do PHD professors make in California?

The full-time professors in California reported that they earned an average of $121,085 to $184,725 annually. While some reports state that they may earn more than the average amount. 

Is it hard to become a professor?

With the growing competition and the hard work that students put into fulfilling their career goals, it has become difficult to become a professor. You need to have at least a complete master’s degree. If you need to teach students n a four-year college or at higher educational levels, you need to complete your PhD. 

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