Average All Occupations Salary in Florence-Muscle Shoals, AL
In Florence-Muscle Shoals, AL, the average annual salary for All Occupations stands at $48,720. This figure is notably below the national average of $67,140, suggesting that local economic factors and industry demands in this specific region influence compensation levels. The prevailing wage in Florence-Muscle Shoals is shaped by the unique economic landscape and the concentration of various industries within the area.
Executive Summary
- Average Salary: $48,720 per year.
- Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $80,800.
- Outlook: With a total local workforce of 55,490 and a Location Quotient of 1.0, the job market for All Occupations in Florence-Muscle Shoals, AL, mirrors the national average in terms of concentration. This indicates a stable presence of these roles relative to the national distribution, suggesting a consistent demand that aligns with the overall U.S. employment trends for these positions.
Salary Overview
The average All Occupations in Florence-Muscle Shoals, AL earns-27.4%below the national average.
$23.4
$937
$4,060
All Occupations Salary Trends (2020-2024)
While specific historical data for Florence-Muscle Shoals, AL is not provided, it is generally assumed that salaries for All Occupations have experienced a steady upward trend over the past four years, mirroring national economic growth. This growth is typically driven by inflation, increased demand for labor, and evolving industry standards, leading to incremental salary increases for workers in the region.
All Occupations Salary Distribution in Florence-Muscle Shoals, AL
Salary progression for All Occupations in Florence-Muscle Shoals, AL, typically scales with experience. Entry-level positions often start 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 entry-level and senior roles highlight clear opportunities for career advancement and increased earning potential within the local job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $22,150 | $10.6 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $36,540 | $17.6 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $38,640 | $18.6 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $60,900 | $29.3 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $80,800 | $38.8 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$48,720
Gross Pay
Real Wage (Purchasing Power)
$48,720
Adjusted for COL (100)
The nominal average annual salary of $48,720 in Florence-Muscle Shoals, AL, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, indicating that the cost of goods and services in Florence-Muscle Shoals is neither significantly higher nor lower than the typical U.S. city.
Job Market Context
55,490
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Florence-Muscle Shoals, AL 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 Florence-Muscle Shoals, AL, signifies that the concentration of these jobs in the area is exactly in line with the national average. This suggests a balanced job market where the availability of these roles is neither exceptionally high nor low compared to the rest of the country, indicating a competitive but stable employment landscape.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Decatur, AL All Occupations Salary | $55,420↑ 14% | 42 mi |
| Huntsville, AL All Occupations Salary | $69,370↑ 42% | 59 mi |
| East Tennessee nonmetropolitan area All Occupations Salary | $46,100↓ 5% | 84 mi |
| South Central Tennessee nonmetropolitan area All Occupations Salary | $51,180↑ 5% | 84 mi |
| West Tennessee nonmetropolitan area All Occupations Salary | $48,980↑ 1% | 84 mi |
Comparing salaries near Florence-Muscle Shoals, AL
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Florence-Muscle Shoals, AL?
The median annual salary for a All Occupations in Florence-Muscle Shoals, AL is $48,720. This typically ranges from $22,150 for entry-level positions to $80,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florence-Muscle Shoals, AL is 27.4% lower than the national median of $67,140.
Is Florence-Muscle Shoals, AL a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to national averages.While the cost of living is average, the average salary of $48,720 is significantly lower than the national average of $67,140. This indicates that while your money may go as far, the nominal income is considerably less.
Is Florence-Muscle Shoals, AL a good place to live for All Occupations?
The Cost of Living Index in Florence-Muscle Shoals, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence-Muscle Shoals, AL?
Some top paying nearby cities include Decatur, AL ($55,420) and Huntsville, AL.
What is the average salary for All Occupations in Florence-Muscle Shoals, AL?
The average annual salary for All Occupations in Florence-Muscle Shoals, AL is $48,720.
How does the Florence-Muscle Shoals, AL salary compare to the national average?
The average salary in Florence-Muscle Shoals, AL ($48,720) is lower than the national average salary of $67,140.
What is the cost of living in Florence-Muscle Shoals, AL?
The Cost of Living Index in Florence-Muscle Shoals, AL is 100, which is the national average.
How many people are employed in All Occupations in Florence-Muscle Shoals, AL?
There are approximately 55,490 workers in the Florence-Muscle Shoals, AL local workforce, with jobs per 1,000 workers at 1000 for All Occupations.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 55,490 employees in the Florence-Muscle Shoals, AL 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 Florence-Muscle Shoals, AL