Benchmark Salary Information
Rankings for Richmond
Compared to Virginia
Richmond Psychology Teachers earn an average of $84,120 or $40.44 per hour which is almost same as Virginia average salary of $83,580.
| Average | Richmond | Virginia | % Difference |
|---|---|---|---|
| Hourly Wage | $40.44 | $40.18 | 0.65% |
| Annual Salary | $84,120 | $83,580 | 0.65% |
Compared to the U.S.
Richmond Psychology Teachers earn an average of $84,120 or $40.44 per hour which is 4% less than the U.S. average salary of $88,390.
| Average | Richmond | U.S. | % |
|---|---|---|---|
| Hourly Wage | $40.44 | $42.50 | -4.83% |
| Annual Salary | $84,120 | $88,390 | -4.83% |
Salary Adjusted for Cost-of-Living
When adjusted for cost-of-living, Psychology Teachers in Richmond earns an average annual salary of $88,139 which compares to the Virginia average annual salary of $83,580. per year.
Cost-of-living in Richmond is 5% less than the Virginia average, which means Richmond residents have an overall less cost for food, housing, utilities and transportation compared to Virginia average.
| Location | Average Annual Wage | Cost of Living | Adjusted COL Wage |
|---|---|---|---|
| Richmond | $84,120 | 95.44% | $88,139 |
| Virginia | $83,580 | 100.98% | $82,769 |
| U.S. | $88,390 | – | $88,390 |
Salary Ranges for Education and Experience
In Richmond, 50% of Psychology Teachers earn between $51,370 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 $132,840, 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 | 22 | Under $39,680 |
| 15% | 2 – 4 years | 33 | $39,680 – $51,370 |
| 25% | 5 – 9 years | 55 | $51,370 – $77,450 |
| 25% | 10 – 14 years | 55 | $77,450 – $104,270 |
| 15% | 15 – 20 years | 33 | $77,450 – $132,840 |
| 10% | 20+ years | 22 | Above $132,840 |
Salary Compared to Related Professions
With an average annual salary of $84,120, Richmond Psychology Teachers tend to earn less than Clinical and Counseling Psychologists ($101,240), and Forensic Psychologists ($90,660).
However, Psychology Teachers tend to earn more than Marriage and Family Therapists ($46,190), Social Workers ($52,250), Substance Abuse Counselors ($52,660), Health Care Social Workers ($55,190), and School Psychologists ($72,750).
| Title | Annual Salary |
|---|---|
| Clinical and Counseling Psychologists | $101,240 |
| Forensic Psychologists | $90,660 |
| Psychology Teachers | $84,120 |
| School Psychologists | $72,750 |
| Health Care Social Workers | $55,190 |
| Substance Abuse Counselors | $52,660 |
| Social Workers | $52,250 |
| Marriage and Family Therapists | $46,190 |
FAQ for Richmond Psychology Teachers
Additional Salary Reports for Psychology Teachers in Virginia cities and Metros and U.S. States.
Official Data Sources for Psychology Teachers: Salary Data | Projected Employment | Cost of Living Data