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Illinois teachers make some of the highest Kâ12 educators' salaries in the country, averaging $59,113 a year. According to the Cost of Living Index, that's like $61,834.At $37,166, the starting salaries for teachers there are also some of the highest in the nation.1 Michigan. When cost of living is taken into account, Michigan teachersâ pay, at an average salary of $61,560, is the highest in the country. In that state dollars go further, so the adjusted income is more like $64,937. Michigan spends about 30 percent of all education expenditures on teachersâ salaries.
Many college and university teachers hold doctorate degrees, but some institutions, including community colleges, hire teachers with masterâs degrees. At Illinois Community College, the 2012 salary rate for a new teacher with a masterâs degree was $41,026.eographic Factors. The salaries for teachers with masterâs degrees varies from state to state. In 2007, for example, the average bump for teachers in Pennsylvania was $7,220, while the average was $2,945 for teachers in Florida. The average base salary also varies from state to state.