Though adjuncts hold at least a master's degree, if not a PhD, the salary for these positions is relatively low. Many adjuncts must work at several schools at once in order to earn a living in academia. Non-tenure-track faculty earn much less than tenure-track professors; median pay per course is $2,700 and average yearly pay is between $20,000 and $25,000. Adjunct pay in state and community colleges varies; however, it can be as little as US$1,400 for a 3-credit hour lecture-based course. At many private institutions on the East Coast, payment for a 3-credit hour course hovers around US$3,000–4,000, with average pay nationwide as of 2014 estimated at around US$2,000–3,000.