Average All Occupations Salary in Lafayette, LA
In Lafayette, Louisiana, the average annual salary for all occupations stands at $51,150. This figure is notably below the national average of $67,140, indicating a localized pay scale influenced by regional economic factors and industry demands specific to the area. Understanding these local dynamics is crucial for assessing earning potential within Lafayette.
Executive Summary
- Average Salary: $51,150 per year.
- Growth Trend: Salaries have shifted 18.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $87,200.
- Outlook: Lafayette, LA boasts a substantial workforce of 175,530 individuals, with 1,000 jobs per thousand workers, aligning perfectly with the national average (Location Quotient of 1.0). This indicates a stable and balanced job market where the number of available positions generally corresponds to the size of the local labor pool, suggesting consistent demand across various sectors.
Salary Overview
The average All Occupations in Lafayette, LA earns-23.8%below the national average.
$24.6
$984
$4,263
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for all occupations in Lafayette, LA have experienced gradual growth over the past four years, mirroring national trends. Economic development and inflation typically drive modest increases in compensation, reflecting an evolving job market and a sustained need for skilled labor.
All Occupations Salary Distribution in Lafayette, LA
Salary progression in Lafayette, LA, 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 considerably more. The widening gap between entry-level and senior compensation percentiles reflects the career advancement opportunities and the increased value placed on seasoned professionals within the local job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $21,490 | $10.3 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $38,363 | $18.4 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $39,600 | $19 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $63,938 | $30.7 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $87,200 | $41.9 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$51,150
Gross Pay
Real Wage (Purchasing Power)
$51,150
Adjusted for COL (100)
The nominal average salary of $51,150 in Lafayette, LA, when juxtaposed with a Cost of Living Index of 100 (precisely the national average), suggests that the purchasing power of local earnings is on par with the rest of the country. This means that while the salary is lower than the national average, the cost of essential goods and services does not disproportionately strain household budgets.
Job Market Context
175,530
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Lafayette, LA has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
With a Location Quotient of 1.0 for all occupations, Lafayette, LA's job market is neither significantly more nor less concentrated than the national average. This indicates a balanced employment landscape where the availability of jobs for various professions is consistent with national proportions, suggesting a competitive yet stable environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Baton Rouge, LA All Occupations Salary | $59,790↑ 17% | 56 mi |
| Southwest Louisiana nonmetropolitan area All Occupations Salary | $48,540↓ 5% | 67 mi |
| Central Louisiana nonmetropolitan area All Occupations Salary | $47,850↓ 6% | 67 mi |
| Northeast Louisiana nonmetropolitan area All Occupations Salary | $47,990↓ 6% | 67 mi |
| Lake Charles, LA All Occupations Salary | $54,950↑ 7% | 70 mi |
Comparing salaries near Lafayette, LA
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Lafayette, LA?
The median annual salary for a All Occupations in Lafayette, LA is $51,150. This typically ranges from $21,490 for entry-level positions to $87,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette, LA is 23.8% lower than the national median of $67,140.
Is Lafayette, LA a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $51,150 is below the national average of $67,140, although the cost of living is also at the national average, balancing potential purchasing power.
Is Lafayette, LA a good place to live for All Occupations?
The Cost of Living Index in Lafayette, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette, LA?
Some top paying nearby cities include Baton Rouge, LA ($59,790) and Southwest Louisiana nonmetropolitan area.
How does Lafayette's average salary compare to the national average?
The average salary in Lafayette, LA for all occupations is $51,150, which is lower than the national average of $67,140.
What is the cost of living in Lafayette, LA?
Lafayette, LA has a Cost of Living Index of 100, which is exactly the national average, meaning it is neither significantly more nor less expensive to live there than the typical US city.
How large is the workforce in Lafayette, LA?
Lafayette, LA has a total local workforce of 175,530 individuals.
Is there high demand for workers in Lafayette, LA?
With 1,000 jobs per 1,000 workers and a Location Quotient of 1.0, the demand for workers in Lafayette, LA is consistent with 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 175,530 employees in the Lafayette, LA 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 Lafayette, LA