Average All Occupations Salary in Kokomo, IN
In Kokomo, Indiana, the average annual salary for All Occupations stands at $56,610, which is below the national average of $67,140. This disparity is often influenced by local economic factors, industry concentration, and the specific demand for various roles within the Kokomo metropolitan area.
Executive Summary
- Average Salary: $56,610 per year.
- Growth Trend: Salaries have shifted 18.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $89,230.
- Outlook: Kokomo, IN supports a substantial workforce of 35,550 individuals across all occupations. With a Location Quotient of 1.0, the concentration of these jobs aligns precisely with the national average, indicating a stable and balanced job market that mirrors national employment patterns.
Salary Overview
The average All Occupations in Kokomo, IN earns-15.7%below the national average.
$27.2
$1,089
$4,718
All Occupations Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for All Occupations in Kokomo, IN have experienced gradual growth over the past four years, aligning with national economic trends and inflation adjustments. This suggests a steady, albeit potentially modest, upward trajectory in compensation for workers in the region.
All Occupations Salary Distribution in Kokomo, IN
Salary progression in Kokomo, IN, for All Occupations, typically scales with experience. Entry-level positions may start at the lower percentiles of the $56,610 average, while senior or highly specialized roles can command salaries significantly above this figure, reflecting increased responsibility and expertise. The widening gap between entry-level and senior salaries underscores clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $27,460 | $13.2 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $42,458 | $20.4 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $47,310 | $22.7 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $70,763 | $34 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $89,230 | $42.9 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$56,610
Gross Pay
Real Wage (Purchasing Power)
$56,610
Adjusted for COL (100)
The average annual salary of $56,610 in Kokomo, IN, is directly comparable to the national average cost of living index of 100. This means that, on average, the purchasing power of a Kokomo resident's salary is equivalent to that of a national average resident, suggesting a balanced financial landscape for those earning the median income.
Job Market Context
35,550
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Kokomo, IN 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 Kokomo, IN, signifies that the employment landscape for these roles is neither more nor less concentrated than the national average. This suggests a competitive yet stable job market where opportunities are present but not necessarily in oversupply compared to other regions.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Lafayette-West Lafayette, IN All Occupations Salary | $57,780↑ 2% | 39 mi |
| Muncie, IN All Occupations Salary | $54,380↓ 4% | 43 mi |
| Northern Indiana nonmetropolitan area All Occupations Salary | $51,420↓ 9% | 43 mi |
| Southern Indiana nonmetropolitan area All Occupations Salary | $53,520↓ 5% | 43 mi |
| Central Indiana nonmetropolitan area All Occupations Salary | $51,780↓ 9% | 43 mi |
Comparing salaries near Kokomo, IN
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Kokomo, IN?
The median annual salary for a All Occupations in Kokomo, IN is $56,610. This typically ranges from $27,460 for entry-level positions to $89,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kokomo, IN is 15.7% lower than the national median of $67,140.
Is Kokomo, IN a lucrative place for All Occupationss?
No, Kokomo, IN is not a particularly lucrative place for All Occupationss compared to the national average.The average salary of $56,610 is notably lower than the national average of $67,140, despite a cost of living that is on par with the national average.
Is Kokomo, IN a good place to live for All Occupations?
The Cost of Living Index in Kokomo, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kokomo, IN?
Some top paying nearby cities include Lafayette-West Lafayette, IN ($57,780) and Muncie, IN.
What is the average salary for All Occupations in Kokomo, IN?
The average annual salary for All Occupations in Kokomo, IN is $56,610.
How does Kokomo's cost of living compare to the national average?
Kokomo, IN has a cost of living index of 100, which is exactly the same as the national average.
How many people are employed in All Occupations in Kokomo, IN?
There are approximately 35,550 individuals employed across all occupations in Kokomo, IN.
Is the job market for All Occupations in Kokomo, IN concentrated?
The job market for All Occupations in Kokomo, IN has a Location Quotient of 1.0, indicating it is not more or less concentrated than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 35,550 employees in the Kokomo, 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 Kokomo, IN