Average All Occupations Salary in Monroe, LA
In Monroe, Louisiana, the average annual salary for All Occupations stands at $47,300. This figure is notably lower than the national average of $67,140, reflecting regional economic factors and the specific demand dynamics within the Monroe labor market. Localized pay rates are often influenced by the cost of doing business, industry concentration, and the overall economic health of a specific geographic area.
Executive Summary
- Average Salary: $47,300 per year.
- Growth Trend: Salaries have shifted 17.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $82,060.
- Outlook: Monroe, LA supports a substantial workforce of 87,150 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. The presence of 1000 jobs per 1,000 workers further suggests a consistent level of employment opportunities relative to the population size, pointing towards a robust and steady demand for labor.
Salary Overview
The average All Occupations in Monroe, LA earns-29.6%below the national average.
$22.7
$910
$3,942
All Occupations Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it is generally assumed that salaries for All Occupations in Monroe, LA, have experienced modest growth, mirroring broader economic trends. Such growth is typically driven by inflation, increasing productivity, and evolving market demands for various roles within the local economy. Continued economic development and investment in the region would likely contribute to sustained salary appreciation over time.
All Occupations Salary Distribution in Monroe, LA
Salary progression in Monroe, LA, for All Occupations, typically follows a predictable path from entry-level to senior positions. Junior roles often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings between different experience levels underscore the career advancement opportunities available, rewarding accumulated expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $20,710 | $10 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $35,475 | $17.1 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $37,000 | $17.8 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $59,125 | $28.4 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $82,060 | $39.5 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$47,300
Gross Pay
Real Wage (Purchasing Power)
$47,300
Adjusted for COL (100)
The nominal average annual salary of $47,300 in Monroe, LA, when considered against a Cost of Living Index of 100 (which is the national average), suggests that the purchasing power of this income is on par with the national standard. This means that while the absolute salary is lower than the national average, the cost of essential goods and services in Monroe is also at the national average, potentially balancing out the perceived difference in earnings.
Job Market Context
87,150
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Monroe, LA has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
Monroe, LA, exhibits a Location Quotient of 1.0 for All Occupations, indicating that the concentration of these jobs in the area is exactly at the national average. This suggests a market that is neither significantly over-saturated nor experiencing a pronounced shortage of workers in these roles. The job market is likely competitive, with opportunities available but requiring individuals to be well-qualified and potentially possess in-demand skills to stand out.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA All Occupations Salary | $50,100↑ 6% | 88 mi |
| Southwest Louisiana nonmetropolitan area All Occupations Salary | $48,540↑ 3% | 94 mi |
| Central Louisiana nonmetropolitan area All Occupations Salary | $47,850↑ 1% | 94 mi |
| Northeast Louisiana nonmetropolitan area All Occupations Salary | $47,990↑ 1% | 94 mi |
Comparing salaries near Monroe, LA
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Monroe, LA?
The median annual salary for a All Occupations in Monroe, LA is $47,300. This typically ranges from $20,710 for entry-level positions to $82,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, LA is 29.6% lower than the national median of $67,140.
Is Monroe, LA a lucrative place for All Occupationss?
No, but it offers average purchasing power.The average salary of $47,300 is below the national average, but the cost of living is also at the national average, meaning your earnings may stretch similarly to other parts of the country.
Is Monroe, LA a good place to live for All Occupations?
The Cost of Living Index in Monroe, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, LA?
Some top paying nearby cities include Alexandria, LA ($50,100) and Southwest Louisiana nonmetropolitan area.
How does Monroe's cost of living compare to the national average?
Monroe, LA has a Cost of Living Index of 100, which is exactly the same as the national average. This means the general cost of goods and services is comparable to the rest of the United States.
What is the total workforce size in Monroe, LA for All Occupations?
The total local workforce for All Occupations in Monroe, LA, comprises 87,150 individuals, indicating a significant labor pool within the region.
What does a Location Quotient of 1.0 mean for All Occupations in Monroe, LA?
A Location Quotient of 1.0 signifies that the concentration of All Occupations jobs in Monroe, LA, is precisely the same as the national average. This suggests a balanced labor market without significant over or under-representation of these roles.
How many All Occupations jobs are there per 1,000 workers in Monroe, LA?
There are 1000 jobs per 1,000 workers for All Occupations in Monroe, LA, indicating a stable ratio of available jobs to the working population.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 87,150 employees in the Monroe, 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 Monroe, LA