Average All Occupations Salary in Lexington-Fayette, KY
In Lexington-Fayette, KY, the average annual salary for All Occupations stands at $59,990. This figure is notably below the national average of $67,140, suggesting that local economic factors and industry demands may influence compensation levels. The specific pay rates in this region are shaped by a combination of local economic conditions, the cost of doing business, and the overall demand for various roles within the workforce.
Executive Summary
- Average Salary: $59,990 per year.
- Growth Trend: Salaries have shifted 24.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $101,020.
- Outlook: Lexington-Fayette, KY boasts a substantial workforce of 282,920 individuals, indicating a significant labor market. With a Location Quotient of 1.0 for All Occupations, the concentration of these roles aligns precisely with the national average. This suggests a stable and balanced job market where demand for these positions is neither exceptionally high nor low compared to the rest of the country, reflecting a steady employment landscape.
Salary Overview
The average All Occupations in Lexington-Fayette, KY earns-10.6%below the national average.
$28.8
$1,154
$4,999
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for All Occupations in Lexington-Fayette, KY have experienced gradual growth over the past four years, mirroring national trends. Economic development and inflation typically drive modest increases in compensation, ensuring that wages keep pace with the rising cost of living and evolving market demands.
All Occupations Salary Distribution in Lexington-Fayette, KY
Salary progression in All Occupations is typically tied to experience and skill development. Entry-level positions will naturally command lower salaries, while senior roles requiring extensive expertise and leadership responsibilities will see significantly higher compensation. The percentile gaps between these levels highlight clear career progression pathways, rewarding dedication and the acquisition of specialized knowledge within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $27,910 | $13.4 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $44,993 | $21.6 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $47,580 | $22.9 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $74,988 | $36.1 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $101,020 | $48.6 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$59,990
Gross Pay
Real Wage (Purchasing Power)
$59,990
Adjusted for COL (100)
The nominal average salary of $59,990 in Lexington-Fayette, KY aligns perfectly with the local Cost of Living Index of 100, which is also the national average. This means that the purchasing power of the average salary in Lexington-Fayette is equivalent to the national average, indicating a balanced economic environment where wages generally support the cost of everyday expenses.
Job Market Context
282,920
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Lexington-Fayette, KY 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 Lexington-Fayette, KY signifies that the proportion of these jobs within the local economy is exactly in line with the national average. This suggests a competitive yet stable job market; there are no overwhelming concentrations or significant shortages of these roles, implying a healthy balance between job availability and the workforce's capacity.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area All Occupations Salary | $51,650↓ 14% | 28 mi |
| South Central Kentucky nonmetropolitan area All Occupations Salary | $48,150↓ 20% | 28 mi |
| West Kentucky nonmetropolitan area All Occupations Salary | $50,180↓ 16% | 28 mi |
| East Kentucky nonmetropolitan area All Occupations Salary | $48,450↓ 19% | 28 mi |
| Louisville/Jefferson County, KY-IN All Occupations Salary | $60,330↑ 1% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Lexington-Fayette, KY?
The median annual salary for a All Occupations in Lexington-Fayette, KY is $59,990. This typically ranges from $27,910 for entry-level positions to $101,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 10.6% lower than the national median of $67,140.
Is Lexington-Fayette, KY a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $59,990 is below the national average of $67,140, although the cost of living is at the national average, making the purchasing power comparable.
Is Lexington-Fayette, KY a good place to live for All Occupations?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($51,650) and South Central Kentucky nonmetropolitan area.
How does the cost of living in Lexington-Fayette, KY compare nationally?
The cost of living in Lexington-Fayette, KY is exactly at the national average, indicated by a Cost of Living Index of 100.
What is the size of the workforce in Lexington-Fayette, KY?
Lexington-Fayette, KY has a total local workforce of 282,920 individuals.
Is there a high demand for All Occupations in Lexington-Fayette, KY?
With a Location Quotient of 1.0, the concentration of All Occupations jobs in Lexington-Fayette, KY is at the national average, suggesting a balanced demand.
How does the average salary in Lexington-Fayette, KY compare to the national average?
The average annual salary for All Occupations in Lexington-Fayette, KY is $59,990, which is lower than the national average of $67,140.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 282,920 employees in the Lexington-Fayette, KY 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 Lexington-Fayette, KY