Average All Occupations Salary in Hickory-Lenoir-Morganton, NC
In Hickory-Lenoir-Morganton, NC, the average annual salary for All Occupations stands at $52,680. This figure is notably below the national average of $67,140, reflecting regional economic factors and industry concentrations. The local job market dynamics, influenced by the specific needs and economic output of the area, dictate this compensation level.
Executive Summary
- Average Salary: $52,680 per year.
- Growth Trend: Salaries have shifted 20.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $81,400.
- Outlook: With a substantial local workforce of 155,050 individuals, Hickory-Lenoir-Morganton demonstrates a significant labor pool. The Location Quotient of 1.0 indicates that the concentration of All Occupations in this area is precisely at the national average, suggesting a stable and balanced demand for these roles within the local economy. This suggests a robust, albeit not exceptionally concentrated, job market.
Salary Overview
The average All Occupations in Hickory-Lenoir-Morganton, NC earns-21.5%below the national average.
$25.3
$1,013
$4,390
All Occupations Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it is generally assumed that salaries across most occupations experience incremental growth over time due to inflation, increased demand, and skill development. Therefore, it's reasonable to infer that the average salary in Hickory-Lenoir-Morganton has likely seen a modest upward trend over the past four years, mirroring broader economic patterns.
All Occupations Salary Distribution in Hickory-Lenoir-Morganton, NC
Salary progression in All Occupations typically scales with experience and specialization. Entry-level positions often start at the lower end of the pay scale, while senior roles, requiring extensive expertise and leadership, command significantly higher compensation. The percentile gaps between these levels signify clear career advancement pathways and the increasing value placed on seasoned professionals within the workforce.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $27,300 | $13.1 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $39,510 | $19 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $43,270 | $20.8 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $65,850 | $31.7 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $81,400 | $39.1 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$52,680
Gross Pay
Real Wage (Purchasing Power)
$52,680
Adjusted for COL (100)
The nominal average annual salary of $52,680 in Hickory-Lenoir-Morganton 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 the cost of essential goods and services is neither a significant advantage nor a disadvantage for residents compared to the rest of the country.
Job Market Context
155,050
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Hickory-Lenoir-Morganton, NC 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 Hickory-Lenoir-Morganton signifies that the proportion of these jobs within the local workforce is exactly in line with the national average. This indicates a market that is neither over-saturated nor experiencing a significant shortage of these roles relative to national benchmarks, suggesting a steady and predictable employment landscape.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Charlotte-Concord-Gastonia, NC-SC All Occupations Salary | $67,690↑ 28% | 45 mi |
| Spartanburg, SC All Occupations Salary | $55,500↑ 5% | 65 mi |
| Winston-Salem, NC All Occupations Salary | $58,680↑ 11% | 65 mi |
| Asheville, NC All Occupations Salary | $57,410↑ 9% | 70 mi |
| Johnson City, TN All Occupations Salary | $52,610↓ 0% | 72 mi |
Comparing salaries near Hickory-Lenoir-Morganton, NC
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Hickory-Lenoir-Morganton, NC?
The median annual salary for a All Occupations in Hickory-Lenoir-Morganton, NC is $52,680. This typically ranges from $27,300 for entry-level positions to $81,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hickory-Lenoir-Morganton, NC is 21.5% lower than the national median of $67,140.
Is Hickory-Lenoir-Morganton, NC a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $52,680 is below the national average, though the cost of living is also at the national average, balancing out purchasing power.
Is Hickory-Lenoir-Morganton, NC a good place to live for All Occupations?
The Cost of Living Index in Hickory-Lenoir-Morganton, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hickory-Lenoir-Morganton, NC?
Some top paying nearby cities include Charlotte-Concord-Gastonia, NC-SC ($67,690) and Spartanburg, SC.
How does the Hickory-Lenoir-Morganton salary compare to the national average?
The average annual salary in Hickory-Lenoir-Morganton for All Occupations is $52,680, which is lower than the national average of $67,140.
What is the Cost of Living in Hickory-Lenoir-Morganton, NC?
The Cost of Living Index for Hickory-Lenoir-Morganton, NC is 100, which is exactly the national average.
How large is the workforce in Hickory-Lenoir-Morganton, NC?
The total local workforce in Hickory-Lenoir-Morganton, NC is 155,050 individuals.
What does a Location Quotient of 1 mean for All Occupations in this area?
A Location Quotient of 1 means that the concentration of All Occupations jobs in Hickory-Lenoir-Morganton 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 155,050 employees in the Hickory-Lenoir-Morganton, NC 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 Hickory-Lenoir-Morganton, NC