Benchmark Salary Information
Rankings for Lexington-Fayette
Compared to Kentucky
Lexington-Fayette Psychology Teachers earn an average of $68,470 or $32.92 per hour which is 7% more than the Kentucky average salary of $63,940.
| Average | Lexington-Fayette | Kentucky | % Difference |
|---|---|---|---|
| Hourly Wage | $32.92 | $30.74 | 7.08% |
| Annual Salary | $68,470 | $63,940 | 7.08% |
Compared to the U.S.
Lexington-Fayette Psychology Teachers earn an average of $68,470 or $32.92 per hour which is 22% less than the U.S. average salary of $88,390.
| Average | Lexington-Fayette | U.S. | % |
|---|---|---|---|
| Hourly Wage | $32.92 | $42.50 | -22.54% |
| Annual Salary | $68,470 | $88,390 | -22.54% |
Salary Adjusted for Cost-of-Living
When adjusted for cost-of-living, Psychology Teachers in Lexington-Fayette earns an average annual salary of $73,505 which compares to the Kentucky average annual salary of $63,940. per year.
Cost-of-living in Lexington-Fayette is 7% less than the Kentucky average, which means Lexington-Fayette residents have an overall less cost for food, housing, utilities and transportation compared to Kentucky average.
| Location | Average Annual Wage | Cost of Living | Adjusted COL Wage |
|---|---|---|---|
| Lexington-Fayette | $68,470 | 93.15% | $73,505 |
| Kentucky | $63,940 | 89.78% | $71,219 |
| U.S. | $88,390 | – | $88,390 |
Salary Ranges for Education and Experience
In Lexington-Fayette, 50% of Psychology Teachers earn between $54,980 and $77,100 a year, depending on factors such as level of education, experience, location and place of employment.
About 10% of Psychology Teachers earn more than $97,340, which is a rate for highly skilled, experienced and educated Psychology Teachers.
Approximately 10% of Psychology Teachers earn under $47,510, a rate generally reserved for less experienced or entry level Psychology Teachers.
| Percent | Experience | Employed | Annual Salary |
|---|---|---|---|
| 10% | Less than a Year | 3 | Under $47,510 |
| 15% | 2 – 4 years | 4 | $47,510 – $54,980 |
| 25% | 5 – 9 years | 8 | $54,980 – $66,360 |
| 25% | 10 – 14 years | 8 | $66,360 – $77,100 |
| 15% | 15 – 20 years | 4 | $66,360 – $97,340 |
| 10% | 20+ years | 3 | Above $97,340 |
Salary Compared to Related Professions
With an average annual salary of $68,470, Lexington-Fayette Psychology Teachers tend to earn less than Clinical and Counseling Psychologists ($86,440).
However, Psychology Teachers tend to earn more than Substance Abuse Counselors ($46,950), Social Workers ($49,010), Marriage and Family Therapists ($53,730), Health Care Social Workers ($59,910), and School Psychologists ($68,000).
| Title | Annual Salary |
|---|---|
| Clinical and Counseling Psychologists | $86,440 |
| Psychology Teachers | $68,470 |
| School Psychologists | $68,000 |
| Health Care Social Workers | $59,910 |
| Marriage and Family Therapists | $53,730 |
| Social Workers | $49,010 |
| Substance Abuse Counselors | $46,950 |
FAQ for Lexington-Fayette Psychology Teachers
Additional Salary Reports for Psychology Teachers in Kentucky cities and Metros and U.S. States.
Official Data Sources for Psychology Teachers: Salary Data | Projected Employment | Cost of Living Data