This was Rutgers - at Princeton, the ratio would be a bit better, at NJIT it would be worse. Don't even ask about podunk state.
It's a shitty career path. Unless you are fantastically good, don't waste your time.
[1] My adviser told me I could have been on the tenure track if I wanted to. Since I didn't put it to the test by applying for such jobs, I won't claim it as true.