Over the last 18 years, Economic Policy Institute has closely tracked trends in teacher pay. Over these nearly two decades, a picture of increasingly alarming trends has emerged. Simply put, teachers are paid less (in weekly wages and total compensation) than their nonteacher college-educated counterparts, and the situation has worsened considerably over time. To analyze teacher pay and compensation through 2020 and 2021 this report uses two sources of data from the Bureau of Labor Statistics (BLS): the Current Population Survey Outgoing Rotation Groups (CPS-ORG) and BLS's National Compensation Survey's Employer Costs for Employee Compensation (ECEC). The findings are presented in four sections. First, trends in annual average weekly wages (adjusted for inflation) from 1979 through 2021 for teachers and other college graduates are presented. Next, annual estimates of the national teacher weekly wage penalty using standard regression techniques to control for systematic differences in age, education, state of residence, and other factors known to affect wage rates are reported. Third, regression-adjusted estimates of the teacher pay gap for each state and for the District of Columbia are offered. Finally, nonwage benefits to estimate a total compensation penalty that includes wages and benefits at the national level (which is not possible for each state) are factored in.