Despite recent increases in teacher salaries, the earnings of teachers as compared to those of other college graduates in the Southeast have changed little in the last five years. This report compares the average annual earnings of teachers to the average annual earnings of college graduates in full-time, salaried nonteaching positions in the six states (Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina) served by the Southeastern Educational Improvement Laboratory. This report is the fifth in a series of annual analyses of wage comparability. (JD)