Best Places to Be a Teacher – 2022 Edition – Yahoo Finance | Vette Leader

SmartAsset: Best Places to Be a Teacher – 2022 Edition

Teachers play an important role in enriching the minds of the next generation. And while the work itself may be rewarding, the pay often isn’t. Educational jobs have consistently not kept pace with inflation and are among the least financially rewarding positions for positions that require a bachelor’s degree. Adjusted for inflation, teachers’ incomes have fallen by -3.8% over the last ten years.

Additionally, issues such as lack of funding and the fallout from the COVID-19 pandemic have made the field more challenging for educators today. Despite this, some areas of the country offer more job opportunities, higher incomes, and lower housing costs for teachers.

In this study, SmartAsset identified the best places to be a teacher by analyzing data for the 137 largest metro areas across the country. We compared areas based on nine metrics on topics such as employment, income, housing costs, classroom size, school funding and access to the internet. For details on our data sources and how we compile all of the information to create our final rankings, see the Data and Methodology section below.

This is SmartAsset’s seventh study of the best careers in teaching. View the previous version here.

Important Findings

  • Metropolitan areas in Ohio and Connecticut dominate the top 11. Four of the 11 major metro areas are in Ohio and another three are in Connecticut. Teachers in Ohio’s high-level metro areas saw larger increases in income between 2020 and 2021 compared to other locations. Similarly, teachers in Connecticut’s prime metro areas have relatively high incomes, higher expenditures per student, and lower student-to-teacher ratios.

  • Teacher income changes vary widely across the country. Nationwide, the average salary of a public school teacher has increased by 1.8% in one year. Of the top 150 metro areas, the Myrtle Beach-Conway-North Myrtle Beach, South Carolina-North Carolina metro area has the highest increase in teacher income for 2020-2021 (17.12%). In comparison, the metropolitan area of ​​Corpus Christi, Texas experienced the largest decline in teacher earnings (-16.17%) over the same period.

  • Teacher employment increased by more than 20% between 2020 and 2021 in nine metro areas. The Dayton-Kettering, Ohio metro area ranks highest for the year-on-year change in the number of people employed in teaching, with a 49.44% increase, followed by a 35.85% increase in Fort Wayne, Indiana and an increase of 34.40% in Myrtle Beach-Conway-North Myrtle Beach, South Carolina-North Carolina area.

1. Youngstown-Warren-Boardman, OH-PA

There are approximately 4,600 teachers in Youngstown-Warren-Boardman, Ohio-Pennsylvania (representing 2.39% of the region’s workforce and ranking 4th on this metric). For teachers in the region, there was a 15.52% increase in median earnings over a one-year period (the third highest). In addition, the cost of housing in the region is approximately $683 per month (fourth lowest).

2. Buffalo Cheektowaga, NY

Buffalo-Cheektowaga is New York’s top metropolis for teachers. This metro area has the fourth-lowest student-teacher ratio at about 12 students per teacher. Buffalo-Cheektowaga also does well on average expenditure per student ($20,912), ranking ninth on this metric.

3. Syracuse, New York

About two hours from metro area #2 is our metro area #3: Syracuse, New York. This metro area boasts the 8th highest average spend per student ($21,154) and the 10th lowest student-teacher ratio at 12.17 teachers per student.

4. Hartford-East Hartford-Middletown, CT

In Hartford-East Hartford-Middletown, Connecticut, teachers earn about $82,680 annually (18th highest total). Teachers can also expect significant financial support in their districts, as this metro area has the second-highest average spend per student ($22,750) of 137 metro areas in our study. Classrooms are also smaller on average, meaning teachers can give students more individual attention. Specifically, the student-to-teacher ratio is 12.13, the ninth lowest in the study.

5. Worcester, MA-CT

Teachers in the Worcester, Massachusetts-Connecticut metro area earn an average of about $76,000 and make up just over 2% of the workforce. Student spending averages about $18,300 per student (15th-highest). Teachers in the area, on average, have smaller classrooms with a student-to-teacher ratio of 13.23 (17th lowest).

6. Canton-Massillon, OH

The Canton-Massillon, Ohio metro area ranks in the top 10 on three metrics. First, the area offers low monthly housing costs, ranking seventh best with an average cost of $787. Teachers in the canton of Massillon represent 2.30% of the workforce (around 3,640 teachers), which is the eighth highest concentration for this metric. In addition, teachers in the region have seen their income increase by 12.28% in a one-year period since 2020 (ninth highest increase).

7. Toledo, Ohio

Toledo, Ohio has the fifth highest concentration of teachers compared to its total workforce (2.38%, made up of 6,630 teachers). This metro area also ranks 14th in annual teacher income change (up 9.35% since 2020) and housing costs ($839 monthly).

8. Lancaster, PA

The median salary for teachers in Lancaster, Pennsylvania is $71,864. Over a one-year period from 2020, incomes have increased by 6.36% (30th-highest) and the number of employed teachers by 11.08% (24th-highest). Likewise, the student-teacher ratio is the 16th best, with only 13.50 students per teacher. Even in smaller classrooms, the average spend per student is $18,203 (16th-highest).

9. Bridgeport-Stamford-Norwalk, Connecticut

Bridgeport-Stamford-Norwalk, Connecticut ranks 10th for both average teacher earnings ($87,160) and teachers’ percentage of the workforce (2.27%). On average, teachers in Bridgeport-Stamford-Norwalk can expect smaller classrooms (12.80 student-to-teacher ratio, ranked 13th) and higher average spend per student ($21,885, ranked fourth best).

10. Columbus, Ohio (tie)

Teachers in Columbus, Ohio earn an average of about $72,150. Over a one-year period, teachers’ earnings have increased by 5.77% (the 36th highest). During the same period, the number of employed teachers increased by 3.71% (45th-highest value). In total, the region employs over 19,000 teachers, representing nearly 2% of Columbus’ workforce.

10. Albany-Schenectady-Troy, NY (tie)

Albany-Schenectady-Troy, New York ranks 10th best metro area for teachers, tied with Columbus, Ohio. Albany-Schenectady-Troy has the sixth-best student-to-teacher ratio (11.87) and the 11th-highest average spend per student ($20,890). Additionally, the median income for teachers in our study is the 36th highest at approximately $72,800.

data and methodology

To find the best places to be a teacher, SmartAsset surveyed the 150 largest US metro areas, 137 of which had available data. We compared these areas using nine metrics:

  • teachers as a percentage of the workforce. Data is from the Bureau of Labor Statistics and is for 2021.

  • Average income for teachers. Data is from the Bureau of Labor Statistics and is for 2021.

  • Change in income by one year. This is the percentage change in median earnings for teachers from 2020 to 2021. Data comes from the Bureau of Labor Statistics.

  • Annual employment growth. This is the percentage change in the number of people employed as teachers from 2020 to 2021. The data comes from the Bureau of Labor Statistics.

  • expenses per student. Data is from the Census Bureau’s 2020 Public Elementary-Secondary Education Finance Data.

  • Living costs. The data comes from the Census Bureau’s five-year 2020 American Community Survey.

  • student-teacher relationship. Data is for the 2020-2021 school year and is from the Elementary/Secondary Information System published by the National Center for Education Statistics. For nine metro areas where data was missing, we used data from the previous school year.

  • Unemployment rate May 2022. The data comes from the Bureau of Labor Statistics.

  • Percentage of households with internet access. The data comes from the Census Bureau’s five-year 2020 American Community Survey.

We ranked each metro area in each metric and gave all nine metrics equal weight. We then determined the average ranking of each metro area. The metro area with the best average rankings comes first in our study, while the area with the lowest average rankings comes last.

Financial tips for teachers

  • Make sure you take advantage of retirement savings at work. Learn the basics of retirement planning and the benefits of employer-sponsored retirement plans compared to other retirement plans.

  • Educate yourself financially by working with a financial advisor. These professional financial experts can help you manage your wealth and get the most out of your money. SmartAsset’s free tool puts you in touch with up to three financial advisors operating in your area and you can interview your matching advisors for free to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, start now.

Questions about our study? Contact press@smartasset.com.

Photo credit: ©iStock/monkeybusinessimages

The Best Places to Be a Teacher – Edition 2022 post first appeared on the SmartAsset Blog.

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