How Much Did Professors Earn This Year? Barely Enough to Beat Inflation - Audrey Williams June, Chronicle of Higher Ed

A rise in the cost of living chipped away at salary gains by full-time faculty members in the 2017-18 academic year, according to new survey data published on Wednesday by the American Association of University Professors.  Full-time faculty earned an average of 3 percent more than they did in the prior academic year. But that salary increase was cut by nearly two-thirds, to 1.1 percent, after adjusting for inflation. The average salary ranged widely, depending on rank: Full professors earned $104,820, associate professors made $81,274, and assistant professors took in $70,791. The average pay for lecturers was about $57,000 while, for instructors, it was $59,400. https://www.chronicle.com/article/How-Much-Did-Professors-Earn/243085