Average All Occupations Salary in Central Kentucky nonmetropolitan area
The average annual salary for All Occupations in the Central Kentucky nonmetropolitan area stands at $51,650. This figure is notably below the national average of $67,140, reflecting the economic landscape and specific industry demands prevalent in this region. Factors such as the local economic structure and the concentration of specific industries contribute to this pay differential.
Executive Summary
- Average Salary: $51,650 per year.
- Growth Trend: Salaries have shifted 19.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $85,950.
- Outlook: With a substantial local workforce of 172,880 individuals and a Location Quotient of 1.0, the job market for All Occupations in Central Kentucky is stable and mirrors national employment concentrations. The consistent presence of jobs per 1,000 workers indicates a steady demand that aligns with the broader economic trends, suggesting a robust but not rapidly expanding employment environment.
Salary Overview
The average All Occupations in Central Kentucky nonmetropolitan area earns-23.1%below the national average.
$24.8
$993
$4,304
All Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for All Occupations in Central Kentucky have experienced gradual growth over the past four years, consistent with national trends. This growth is likely driven by inflation, increased demand for skilled labor, and general economic expansion, albeit at a pace potentially moderated by regional economic factors.
All Occupations Salary Distribution in Central Kentucky nonmetropolitan area
Salary progression for All Occupations in Central Kentucky typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while senior roles command significantly higher compensation. The widening gap between entry-level and senior salaries, often seen across different pay percentiles, signifies clear opportunities for career advancement and increased earning potential within the region.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $23,920 | $11.5 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $38,738 | $18.6 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $42,840 | $20.6 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $64,563 | $31 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $85,950 | $41.3 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$51,650
Gross Pay
Real Wage (Purchasing Power)
$51,650
Adjusted for COL (100)
The nominal average salary of $51,650 in Central Kentucky aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of the salary in this region is equivalent to the national average, suggesting that the lower nominal wage is offset by a comparable cost of living, making it neither exceptionally expensive nor inexpensive to reside here.
Job Market Context
172,880
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Central Kentucky nonmetropolitan area 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 Central Kentucky indicates that the concentration of these jobs in the region is precisely at the national average. This suggests a balanced job market where the availability of workers closely matches the demand for these roles, implying moderate competition and a stable employment landscape without significant over or under-supply.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY All Occupations Salary | $59,990↑ 16% | 28 mi |
| Elizabethtown, KY All Occupations Salary | $52,980↑ 3% | 66 mi |
| Louisville/Jefferson County, KY-IN All Occupations Salary | $60,330↑ 17% | 72 mi |
| Cincinnati, OH-KY-IN All Occupations Salary | $64,020↑ 24% | 100 mi |
Comparing salaries near Central Kentucky nonmetropolitan area
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Central Kentucky nonmetropolitan area?
The median annual salary for a All Occupations in Central Kentucky nonmetropolitan area is $51,650. This typically ranges from $23,920 for entry-level positions to $85,950 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Kentucky nonmetropolitan area is 23.1% lower than the national median of $67,140.
Is Central Kentucky nonmetropolitan area a lucrative place for All Occupationss?
No, it is not exceptionally lucrative compared to national averages.The average salary of $51,650 is significantly lower than the national average of $67,140. However, the cost of living is also at the national average, meaning purchasing power is comparable.
Is Central Kentucky nonmetropolitan area a good place to live for All Occupations?
The Cost of Living Index in Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($59,990) and Elizabethtown, KY.
How does the cost of living in Central Kentucky compare to the national average?
The cost of living in the Central Kentucky nonmetropolitan area is exactly at the national average, indicated by a Cost of Living Index of 100.
What is the size of the workforce for All Occupations in Central Kentucky?
The total local workforce for All Occupations in Central Kentucky comprises 172,880 individuals.
How concentrated are All Occupations jobs in Central Kentucky compared to the rest of the country?
The concentration of All Occupations jobs in Central Kentucky is at the national average, with a Location Quotient of 1.0.
What is the average salary for All Occupations nationally?
The national average annual salary for All Occupations is $67,140.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 172,880 employees in the Central Kentucky nonmetropolitan area 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 Central Kentucky nonmetropolitan area