Average All Occupations Salary in Bangor, ME
In Bangor, Maine, the average annual salary for All Occupations stands at $59,940. This figure is notably below the national average of $67,140, suggesting that local economic factors and industry demand play a significant role in compensation levels within the city. While the cost of living is on par with the national average, the lower salary indicates a potentially different economic landscape compared to other regions.
Executive Summary
- Average Salary: $59,940 per year.
- Growth Trend: Salaries have shifted 20.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $97,080.
- Outlook: Bangor, ME supports a substantial workforce of 71,650 individuals across all occupations. With a Location Quotient of 1.0, the concentration of these jobs aligns precisely with the national average, indicating a stable and balanced job market. The presence of 1000 jobs per 1,000 workers further underscores the consistent demand and availability of employment opportunities within the region, suggesting a robust and predictable employment environment.
Salary Overview
The average All Occupations in Bangor, ME earns-10.7%below the national average.
$28.8
$1,153
$4,995
All Occupations Salary Trends (2020-2024)
While specific historical data for Bangor's All Occupations is not provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Such growth would typically be driven by inflation, increased demand for skilled labor, and evolving industry standards, leading to incremental increases in average compensation across various roles.
All Occupations Salary Distribution in Bangor, ME
Salary progression in All Occupations in Bangor, ME, is typically marked by experience. Entry-level positions will naturally fall at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps between these levels represent clear career progression pathways and the increasing value placed on expertise and tenure within the local job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $32,030 | $15.4 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $44,955 | $21.6 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $47,120 | $22.7 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $74,925 | $36 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $97,080 | $46.7 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$59,940
Gross Pay
Real Wage (Purchasing Power)
$59,940
Adjusted for COL (100)
The nominal average salary of $59,940 in Bangor, ME, is directly offset by a Cost of Living Index of 100, which is the national average. This means that while the take-home pay is lower than the national average, the purchasing power of that salary within Bangor is equivalent to the national average. Therefore, relocating to Bangor for an All Occupations role does not present a significant financial advantage or disadvantage from a cost-of-living perspective.
Job Market Context
71,650
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Bangor, ME has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
Bangor, ME, exhibits a Location Quotient of 1.0 for All Occupations, signifying that the concentration of these jobs is exactly in line with the national average. This indicates a balanced job market where the availability of roles for All Occupations is neither exceptionally high nor particularly low compared to the rest of the country. The market is neither oversaturated nor experiencing a significant deficit of these positions.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Southwest Maine nonmetropolitan area All Occupations Salary | $59,260↓ 1% | 31 mi |
| Northeast Maine nonmetropolitan area All Occupations Salary | $57,100↓ 5% | 31 mi |
| Lewiston-Auburn, ME All Occupations Salary | $60,500↑ 1% | 85 mi |
Comparing salaries near Bangor, ME
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Bangor, ME?
The median annual salary for a All Occupations in Bangor, ME is $59,940. This typically ranges from $32,030 for entry-level positions to $97,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bangor, ME is 10.7% lower than the national median of $67,140.
Is Bangor, ME a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to national averages.While the cost of living in Bangor matches the national average, the average salary for All Occupations is below the national benchmark. This suggests that while your money may go as far, the overall earning potential is less than in many other parts of the country.
Is Bangor, ME a good place to live for All Occupations?
The Cost of Living Index in Bangor, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bangor, ME?
Some top paying nearby cities include Southwest Maine nonmetropolitan area ($59,260) and Northeast Maine nonmetropolitan area.
How does Bangor's average salary compare to the national average?
The average annual salary for All Occupations in Bangor, ME, is $59,940, which is lower than the national average of $67,140.
What is the cost of living in Bangor, ME?
Bangor, ME has a Cost of Living Index of 100, which is exactly the national average, meaning it is neither more nor less expensive to live there than the typical U.S. city.
How large is the job market for All Occupations in Bangor, ME?
Bangor, ME has a total local workforce of 71,650, with 1000 jobs per 1,000 workers in All Occupations, indicating a stable and consistent job market.
Does the concentration of All Occupations jobs in Bangor match the national trend?
Yes, Bangor, ME has a Location Quotient of 1.0 for All Occupations, which means the concentration of these jobs is precisely at the national average level.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 71,650 employees in the Bangor, ME 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 Bangor, ME