Average All Occupations Salary in Akron, OH
The average annual salary for All Occupations in Akron, OH stands at $61,340, which is notably below the national average of $67,140. This difference in compensation is often influenced by a variety of local economic factors, including industry concentration, demand for specific skill sets, and the overall economic health of the region. Understanding these dynamics is crucial for assessing earning potential in Akron.
Executive Summary
- Average Salary: $61,340 per year.
- Growth Trend: Salaries have shifted 19.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,240.
- Outlook: Akron, OH boasts a substantial total local workforce of 320,080 individuals. With a Location Quotient of 1.0 for All Occupations, the concentration of these roles in Akron mirrors the national average, suggesting a stable and consistent demand for a broad range of professions within the city's economy.
Salary Overview
The average All Occupations in Akron, OH earns-8.6%below the national average.
$29.5
$1,180
$5,112
All Occupations Salary Trends (2020-2024)
While specific historical data isn't provided, it's generally assumed that salaries for All Occupations in Akron, like most markets, have experienced a steady upward trend over the past four years. This growth is typically driven by inflation, increased demand for labor, and evolving industry standards, leading to a gradual enhancement of average compensation.
All Occupations Salary Distribution in Akron, OH
Salary progression for All Occupations in Akron, OH, is significantly influenced by experience and specialization. Entry-level positions typically fall into the lower percentiles, while senior roles command salaries in the higher percentiles. The widening gap between these percentiles signifies clear opportunities for career advancement and increased earning potential as professionals gain expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $28,320 | $13.6 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $46,005 | $22.1 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $47,530 | $22.9 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $76,675 | $36.9 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $102,240 | $49.2 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$61,340
Gross Pay
Real Wage (Purchasing Power)
$61,340
Adjusted for COL (100)
With an average annual salary of $61,340 and a Cost of Living Index of 100 (exactly matching the national average), the nominal salary in Akron offers purchasing power equivalent to the national standard. This means that while the salary is below the national average, the cost of goods and services is also at the national average, providing a balanced financial landscape for residents.
Job Market Context
320,080
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Akron, OH has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
A Location Quotient of 1.0 for All Occupations in Akron indicates that the representation of these jobs within the local workforce is precisely aligned with the national average. This suggests a balanced job market where the availability of these roles is neither exceptionally high nor low compared to the rest of the country, implying a competitive yet stable employment environment.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH All Occupations Salary | $54,540↓ 11% | 20 mi |
| Cleveland, OH All Occupations Salary | $64,730↑ 6% | 29 mi |
| Youngstown-Warren, OH All Occupations Salary | $52,050↓ 15% | 46 mi |
| Mansfield, OH All Occupations Salary | $52,930↓ 14% | 57 mi |
| Sandusky, OH All Occupations Salary | $53,430↓ 13% | 66 mi |
Comparing salaries near Akron, OH
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Akron, OH?
The median annual salary for a All Occupations in Akron, OH is $61,340. This typically ranges from $28,320 for entry-level positions to $102,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Akron, OH is 8.6% lower than the national median of $67,140.
Is Akron, OH a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $61,340 is below the national average of $67,140. However, the cost of living is also at the national average, making the purchasing power comparable.
Is Akron, OH a good place to live for All Occupations?
The Cost of Living Index in Akron, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Akron, OH?
Some top paying nearby cities include Canton-Massillon, OH ($54,540) and Cleveland, OH.
How does Akron's average salary compare to the national average?
The average annual salary for All Occupations in Akron, OH is $61,340, which is $5,800 less than the national average of $67,140.
What is the cost of living in Akron, OH?
Akron, OH has a Cost of Living Index of 100, which is exactly the same as the national average.
How large is the workforce in Akron, OH?
Akron, OH has a total local workforce of 320,080 individuals.
What does a Location Quotient of 1 mean for All Occupations in Akron?
A Location Quotient of 1 signifies that the concentration of All Occupations jobs in Akron is the same as the national average, indicating a balanced job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320,080 employees in the Akron, OH area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Akron, OH