SalaryNode

Average All Occupations Salary in Eastern and Southern Colorado nonmetropolitan area

In the Eastern and Southern Colorado nonmetropolitan area, the average annual salary for all occupations stands at $56,870. This figure is notably below the national average of $67,140, reflecting the economic dynamics and potentially lower demand for certain specialized roles often found in more urbanized centers. The unique economic landscape of this region shapes compensation trends.

Executive Summary

  • Average Salary: $56,870 per year.
  • Growth Trend: Salaries have shifted 28.2% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $91,430.
  • Outlook: With a total local workforce of 70,450 individuals, the Eastern and Southern Colorado nonmetropolitan area demonstrates a substantial labor pool. The location quotient of 1 indicates that the concentration of jobs in this region is precisely at the national average, suggesting a stable, albeit not rapidly expanding, job market that mirrors national employment patterns for various occupations.
2024 Market Data

Salary Overview

$56,870

The average All Occupations in Eastern and Southern Colorado nonmetropolitan area earns-15.3%below the national average.

BreakdownBased on 40h/week
Hourly

$27.3

Weekly

$1,094

Monthly

$4,739

All Occupations Salary Distribution in Eastern and Southern Colorado nonmetropolitan area

Salary progression in the Eastern and Southern Colorado nonmetropolitan area, as with most regions, is significantly influenced by experience and skill level. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise and a proven track record can earn considerably more. 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 local job market.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$31,030$14.9
ExperiencedProficient professional working independently.25% (Junior)$42,653$20.5
Mid-LevelEstablished expert. Standard market value.50% (Median)$46,940$22.6
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$71,088$34.2
Top TierIndustry leader / Executive level compensation.90% (Expert)$91,430$44

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$56,870

Gross Pay

Real Wage (Purchasing Power)

$56,870

Adjusted for COL (100)

The nominal average annual salary of $56,870 in the Eastern and Southern Colorado nonmetropolitan area aligns perfectly with the national average cost of living index of 100. This means that, on average, the purchasing power of the local salary is equivalent to the national average, suggesting that while the nominal pay is lower than the national average salary, the cost of goods and services locally does not present a significant disadvantage.

Job Market Context

70,450

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Eastern and Southern Colorado nonmetropolitan area has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

A location quotient of 1 for all occupations in the Eastern and Southern Colorado nonmetropolitan area signifies that the concentration of jobs in this region is exactly in line with the national average. This indicates a balanced job market where the availability of positions for various occupations is neither exceptionally high nor particularly low compared to the rest of the country, suggesting a steady level of competition and opportunity.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Eastern and Southern Colorado nonmetropolitan area

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Eastern and Southern Colorado nonmetropolitan area?

The median annual salary for a All Occupations in Eastern and Southern Colorado nonmetropolitan area is $56,870. This typically ranges from $31,030 for entry-level positions to $91,430 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Eastern and Southern Colorado nonmetropolitan area is 15.3% lower than the national median of $67,140.

Is Eastern and Southern Colorado nonmetropolitan area a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to national averages.The average salary of $56,870 is below the national average, although the cost of living is also at the national average, mitigating some of the disparity.

Is Eastern and Southern Colorado nonmetropolitan area a good place to live for All Occupations?

The Cost of Living Index in Eastern and Southern Colorado nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Eastern and Southern Colorado nonmetropolitan area?

Some top paying nearby cities include Colorado Springs, CO ($69,080) and Denver-Aurora-Centennial, CO.

How does the Eastern and Southern Colorado nonmetropolitan area's average salary compare to the national average?

The average annual salary in this region is $56,870, which is lower than the national average of $67,140.

What is the size of the workforce in Eastern and Southern Colorado nonmetropolitan area?

The total local workforce comprises 70,450 individuals.

How does the job concentration in this area compare to the national average?

The location quotient is 1, indicating that the concentration of jobs for all occupations is exactly at the national average.

Does the cost of living in Eastern and Southern Colorado nonmetropolitan area affect the salary's value?

The cost of living index is 100, which is the national average. This means the $56,870 salary has purchasing power equivalent to the national average, despite being lower than the national average salary.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 70,450 employees in the Eastern and Southern Colorado 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.