Average All Occupations Salary in Evansville, IN
In Evansville, Indiana, the average annual salary for all occupations stands at $55,650. This figure is notably lower than the national average of $67,140, reflecting regional economic factors and industry concentrations that influence compensation levels within the local job market. Understanding these local dynamics is crucial for setting realistic salary expectations.
Executive Summary
- Average Salary: $55,650 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $94,230.
- Outlook: Evansville, IN supports a substantial workforce of 134,960 individuals, with 1,000 jobs per thousand workers, indicating a robust local employment landscape. The location quotient of 1.0 suggests that the concentration of jobs in Evansville aligns precisely with the national average, signifying a stable and balanced demand for labor across various sectors.
Salary Overview
The average All Occupations in Evansville, IN earns-17.1%below the national average.
$26.8
$1,070
$4,638
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries across most occupations in a stable market like Evansville tend to experience modest annual growth over a four-year period, driven by inflation, increased demand for skilled labor, and evolving economic conditions. This gradual upward trend typically helps to maintain the purchasing power of local wages.
All Occupations Salary Distribution in Evansville, IN
Salary progression in Evansville, IN, like elsewhere, is significantly influenced by experience. Entry-level positions typically command lower salaries, while senior roles with extensive experience and specialized skills can earn substantially more. The widening gap between the 25th percentile (entry-level) and the 75th percentile (experienced) salaries clearly illustrates the career advancement and earning potential available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $27,360 | $13.2 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $41,738 | $20.1 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $45,220 | $21.7 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $69,563 | $33.4 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $94,230 | $45.3 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$55,650
Gross Pay
Real Wage (Purchasing Power)
$55,650
Adjusted for COL (100)
With an average annual salary of $55,650 and a Cost of Living Index of 100, Evansville, IN offers a salary that is directly in line with the national average cost of living. This means that the nominal income earned locally has a purchasing power equivalent to the national average, providing a stable financial foundation for residents.
Job Market Context
134,960
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Evansville, IN has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
The location quotient of 1.0 for all occupations in Evansville, IN indicates that the concentration of jobs in this sector is precisely at the national average. This suggests a balanced job market where the availability of positions closely mirrors the national distribution, implying neither an oversupply nor a significant undersupply of opportunities relative to the workforce.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Owensboro, KY All Occupations Salary | $51,400↓ 8% | 28 mi |
| Paducah, KY-IL All Occupations Salary | $55,410↓ 0% | 88 mi |
| Bowling Green, KY All Occupations Salary | $52,570↓ 6% | 92 mi |
| Elizabethtown, KY All Occupations Salary | $52,980↓ 5% | 93 mi |
| Bloomington, IN All Occupations Salary | $59,030↑ 6% | 98 mi |
Comparing salaries near Evansville, IN
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Evansville, IN?
The median annual salary for a All Occupations in Evansville, IN is $55,650. This typically ranges from $27,360 for entry-level positions to $94,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Evansville, IN is 17.1% lower than the national median of $67,140.
Is Evansville, IN a lucrative place for All Occupationss?
No, not comparatively lucrative.The average salary of $55,650 is below the national average of $67,140, indicating lower earning potential for general occupations. However, the cost of living is at the national average, meaning the lower salary has equivalent purchasing power.
Is Evansville, IN a good place to live for All Occupations?
The Cost of Living Index in Evansville, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Evansville, IN?
Some top paying nearby cities include Owensboro, KY ($51,400) and Paducah, KY-IL.
How does Evansville's average salary compare to the national average?
The average annual salary in Evansville, IN for all occupations is $55,650, which is less than the national average of $67,140.
What is the Cost of Living Index in Evansville, IN?
Evansville, IN has a Cost of Living Index of 100, which is exactly the national average.
How large is the workforce in Evansville, IN?
The total local workforce in Evansville, IN comprises 134,960 individuals.
What does a Location Quotient of 1 mean for Evansville, IN?
A Location Quotient of 1 signifies that the concentration of jobs for all occupations in Evansville, IN 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 134,960 employees in the Evansville, IN 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 Evansville, IN