Average All Occupations Salary in Laredo, TX
In Laredo, Texas, the average annual salary for All Occupations stands at $47,070. This figure is notably below the national average of $67,140, reflecting regional economic factors and potentially a different industry focus within the Laredo metropolitan area. The local job market dynamics and specific industry demands significantly influence compensation levels for the workforce.
Executive Summary
- Average Salary: $47,070 per year.
- Growth Trend: Salaries have shifted 18.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $83,770.
- Outlook: Laredo boasts a substantial local workforce of 106,130 individuals, with 1,000 jobs available per thousand workers. The Location Quotient of 1.0 indicates that the concentration of All Occupations in Laredo is precisely in line with the national average. This suggests a stable, albeit not exceptionally concentrated, demand for these roles within the city's economy.
Salary Overview
The average All Occupations in Laredo, TX earns-29.9%below the national average.
$22.6
$905
$3,923
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for All Occupations in Laredo, like most markets, have experienced gradual growth over the past four years. Economic shifts, inflation, and evolving job market demands typically drive modest annual increases in average compensation.
All Occupations Salary Distribution in Laredo, TX
Salary progression for All Occupations in Laredo typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while senior or highly specialized roles command significantly higher compensation. The percentile gaps in earnings between different experience levels signify clear career advancement opportunities within the local job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $21,700 | $10.4 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $35,303 | $17 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $36,640 | $17.6 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $58,838 | $28.3 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $83,770 | $40.3 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$47,070
Gross Pay
Real Wage (Purchasing Power)
$47,070
Adjusted for COL (100)
The nominal average annual salary of $47,070 in Laredo, TX, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the absolute salary may be lower than the national average, the purchasing power of that income within Laredo is equivalent to the national standard, making it neither exceptionally affordable nor expensive.
Job Market Context
106,130
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Laredo, TX 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, Laredo's job market mirrors the national concentration of these roles. This indicates a balanced supply and demand, suggesting that the market is neither oversaturated nor experiencing a significant shortage of workers in these positions relative to the national landscape.
Nearby Job Markets
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Laredo, TX?
The median annual salary for a All Occupations in Laredo, TX is $47,070. This typically ranges from $21,700 for entry-level positions to $83,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Laredo, TX is 29.9% lower than the national median of $67,140.
Is Laredo, TX a lucrative place for All Occupationss?
No, Laredo, TX is not a particularly lucrative place for All Occupationss compared to the national average.The average salary of $47,070 is substantially lower than the national average of $67,140. However, the cost of living is also at the national average, meaning the lower salary has equivalent purchasing power locally.
Is Laredo, TX a good place to live for All Occupations?
The Cost of Living Index in Laredo, TX is 100. While higher than average, this often correlates with higher wages.
How does Laredo's average salary compare to the national average?
The average annual salary for All Occupations in Laredo, TX is $47,070, which is considerably lower than the national average of $67,140.
What is the cost of living in Laredo, TX?
Laredo, TX has a Cost of Living Index of 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.
Is there high demand for All Occupations in Laredo?
The Location Quotient of 1.0 suggests that the concentration of All Occupations in Laredo is in line with the national average, indicating a stable but not exceptionally high demand relative to other regions.
What is the total workforce size in Laredo, TX?
Laredo, TX has a total local workforce of 106,130 individuals, indicating a significant labor pool available in the area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 106,130 employees in the Laredo, TX 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 Laredo, TX