Benchmark Salary Information
Rankings for Madison
Compared to Wisconsin
Madison Psychology Teachers earn an average of $92,970 or $44.70 per hour which is 14% more than the Wisconsin average salary of $81,270.
| Average | Madison | Wisconsin | % Difference |
|---|---|---|---|
| Hourly Wage | $44.70 | $39.07 | 14.40% |
| Annual Salary | $92,970 | $81,270 | 14.40% |
Compared to the U.S.
Madison Psychology Teachers earn an average of $92,970 or $44.70 per hour which is 5% more than the U.S. average salary of $88,390.
| Average | Madison | U.S. | % |
|---|---|---|---|
| Hourly Wage | $44.70 | $42.50 | 5.18% |
| Annual Salary | $92,970 | $88,390 | 5.18% |
Salary Adjusted for Cost-of-Living
When adjusted for cost-of-living, Psychology Teachers in Madison earns an average annual salary of $95,835 which compares to the Wisconsin average annual salary of $81,270. per year.
Cost-of-living in Madison is 3% less than the Wisconsin average, which means Madison residents have an overall less cost for food, housing, utilities and transportation compared to Wisconsin average.
| Location | Average Annual Wage | Cost of Living | Adjusted COL Wage |
|---|---|---|---|
| Madison | $92,970 | 97.01% | $95,835 |
| Wisconsin | $81,270 | 93.19% | $87,209 |
| U.S. | $88,390 | – | $88,390 |
Salary Ranges for Education and Experience
In Madison, 50% of Psychology Teachers earn between $50,600 and $104,270 a year, depending on factors such as level of education, experience, location and place of employment.
About 10% of Psychology Teachers earn more than $169,410, which is a rate for highly skilled, experienced and educated Psychology Teachers.
Approximately 10% of Psychology Teachers earn under $39,680, a rate generally reserved for less experienced or entry level Psychology Teachers.
| Percent | Experience | Employed | Annual Salary |
|---|---|---|---|
| 10% | Less than a Year | 23 | Under $39,680 |
| 15% | 2 – 4 years | 34 | $39,680 – $50,600 |
| 25% | 5 – 9 years | 58 | $50,600 – $81,980 |
| 25% | 10 – 14 years | 58 | $81,980 – $104,270 |
| 15% | 15 – 20 years | 34 | $81,980 – $169,410 |
| 10% | 20+ years | 23 | Above $169,410 |
Salary Compared to Related Professions
Psychology Teachers tend to earn more than Social Workers ($50,760), Substance Abuse Counselors ($53,270), Health Care Social Workers ($63,780), School Psychologists ($73,960), Forensic Psychologists ($78,600), and Clinical and Counseling Psychologists ($88,030).
| Title | Annual Salary |
|---|---|
| Psychology Teachers | $92,970 |
| Clinical and Counseling Psychologists | $88,030 |
| Forensic Psychologists | $78,600 |
| School Psychologists | $73,960 |
| Health Care Social Workers | $63,780 |
| Substance Abuse Counselors | $53,270 |
| Social Workers | $50,760 |
FAQ for Madison Psychology Teachers
Additional Salary Reports for Psychology Teachers in Wisconsin cities and Metros and U.S. States.
Official Data Sources for Psychology Teachers: Salary Data | Projected Employment | Cost of Living Data