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Average All Occupations Salary in East Kentucky nonmetropolitan area

In the East Kentucky nonmetropolitan area, the average annual salary for all occupations stands at $48,450. This figure is notably below the national average of $67,140, reflecting the unique economic landscape and industry concentrations prevalent in this region. Factors such as local industry demand and the cost of doing business often influence compensation levels, leading to this localized pay scale.

Executive Summary

  • Average Salary: $48,450 per year.
  • Growth Trend: Salaries have shifted 20.9% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $78,020.
  • Outlook: With a substantial local workforce of 92,480 individuals and a Location Quotient of 1.0, the job market in East Kentucky for all occupations is stable and mirrors national employment patterns. The concentration suggests that the number of jobs available is proportionally aligned with the national average, indicating a steady demand for labor across various sectors within the region.
2024 Market Data

Salary Overview

$48,450

The average All Occupations in East Kentucky nonmetropolitan area earns-27.8%below the national average.

BreakdownBased on 40h/week
Hourly

$23.3

Weekly

$932

Monthly

$4,038

All Occupations Salary Distribution in East Kentucky nonmetropolitan area

Salary progression in East Kentucky, like elsewhere, is significantly influenced by experience and skill level. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise and leadership responsibilities offer substantially higher compensation. The percentile gaps between these levels signify clear career progression pathways and the increasing value placed on seasoned professionals within the local workforce.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$22,360$10.8
ExperiencedProficient professional working independently.25% (Junior)$36,338$17.5
Mid-LevelEstablished expert. Standard market value.50% (Median)$38,250$18.4
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$60,563$29.1
Top TierIndustry leader / Executive level compensation.90% (Expert)$78,020$37.5

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$48,450

Gross Pay

Real Wage (Purchasing Power)

$48,450

Adjusted for COL (100)

The nominal average annual salary of $48,450 in East Kentucky aligns precisely with the national average Cost of Living Index of 100. This means that while the take-home pay is lower than the national average, the purchasing power of that salary is equivalent to the national standard, making the region's affordability a key factor in evaluating overall financial well-being.

Job Market Context

92,480

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, East 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 East Kentucky indicates that the concentration of these jobs in the region is exactly in line with the national average. This suggests a balanced job market where the availability of positions is neither exceptionally high nor low compared to the rest of the country, implying a competitive yet accessible employment landscape.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near East Kentucky nonmetropolitan area

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in East Kentucky nonmetropolitan area?

The median annual salary for a All Occupations in East Kentucky nonmetropolitan area is $48,450. This typically ranges from $22,360 for entry-level positions to $78,020 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in East Kentucky nonmetropolitan area is 27.8% lower than the national median of $67,140.

Is East Kentucky nonmetropolitan area a lucrative place for All Occupationss?

No, not in terms of nominal salary.The average salary of $48,450 is significantly lower than the national average of $67,140. However, the cost of living being at the national average means the purchasing power is comparable.

Is East Kentucky nonmetropolitan area a good place to live for All Occupations?

The Cost of Living Index in East Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near East Kentucky nonmetropolitan area?

Some top paying nearby cities include Lexington-Fayette, KY ($59,990) and Elizabethtown, KY.

How does the East Kentucky job market compare to the national average in terms of job concentration?

The job market in East Kentucky for all occupations has a Location Quotient of 1.0, which is identical to the national average. This indicates that the proportion of jobs available in the region is consistent with national trends.

What is the total workforce size in East Kentucky?

The total local workforce in the East Kentucky nonmetropolitan area comprises 92,480 individuals, reflecting a significant labor pool within the region.

How does the cost of living in East Kentucky affect the salary?

The cost of living in East Kentucky is at the national average (100). This means that the lower nominal salary of $48,450 offers purchasing power equivalent to the national average, balancing the lower pay with affordability.

What does a Location Quotient of 1 mean for job seekers?

A Location Quotient of 1 signifies that the industry or occupation is present in the region at the same proportion as the national average. For job seekers, this suggests a stable but not necessarily booming market for these roles.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 92,480 employees in the East 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.