Income that is taxable must be reported on your return and is subject to tax. Income that is nontaxable may have to be shown on your tax return but is not taxable. A list is available in Publication 525, Taxable and Nontaxable Income.
By rank, the average was $98,974 for professors, $69,911 for associate professors, $58,662 for assistant professors, $42,609 for instructors, and $48,289 for lecturers. Faculty in 4-year institutions earn higher salaries, on average, than do those in 2-year schools.In 2006â07, faculty salaries averaged $84,249 in private independent institutions, $71,362 in public institutions, and $66,118 in religiously affiliated private colleges and universities.n 2006, the overall median 9-month salary for all professors in the U.S. was reported to be $73,000, placing a slight majority of professors among the top 15% of earners at age 25 or older.
Geographically, pay varies from $53,000 for a professor at the University of Alaska to a starting salary of $43,000 for tenure-track professors at a California state university to a maximum of $209,000 for a leading professor at the State University of New York.ccording to BLS, the average median earnings for all postsecondary teachers is $58,000 across the U.S., as of publication. Full-time faculty members have an annual average salary of $79,000, while professors average $108,000, according to the American Association of University Professors.