Average All Occupations Salary in Montgomery, AL
The average annual salary for All Occupations in Montgomery, AL stands at $53,720, which is notably below the national average of $67,140. This disparity is often influenced by regional economic factors, industry concentration, and the overall demand for labor within the state capital. Understanding these local dynamics is crucial for assessing earning potential.
Executive Summary
- Average Salary: $53,720 per year.
- Growth Trend: Salaries have shifted 18.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $95,640.
- Outlook: Montgomery, AL boasts a substantial workforce of 163,140 individuals across all occupations. With a Location Quotient of 1.0, the concentration of jobs in Montgomery aligns precisely with the national average, indicating a stable and balanced job market. This suggests consistent demand for a wide range of skills and professions, reflecting the city's role as a significant economic hub.
Salary Overview
The average All Occupations in Montgomery, AL earns-20.0%below the national average.
$25.8
$1,033
$4,477
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for All Occupations in Montgomery, AL have experienced steady growth over the past four years, mirroring national trends. Economic development and inflation typically drive incremental increases in compensation, reflecting an evolving job market and a commitment to maintaining competitive wages.
All Occupations Salary Distribution in Montgomery, AL
Salary progression in Montgomery, AL for All Occupations typically scales with experience. Entry-level positions often start at the lower percentiles, while senior and highly specialized roles command salaries in the upper percentiles. The widening gap between entry-level and senior compensation signifies clear career advancement opportunities and the increasing value placed on expertise and tenure within the local workforce.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $23,400 | $11.3 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $40,290 | $19.4 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $42,600 | $20.5 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $67,150 | $32.3 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $95,640 | $46 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$53,720
Gross Pay
Real Wage (Purchasing Power)
$53,720
Adjusted for COL (100)
With an average annual salary of $53,720 and a Cost of Living Index of 100 (matching the national average), the nominal income in Montgomery, AL offers purchasing power equivalent to the national standard. While the salary is below the national average, the cost of living being at par means that the effective value of the $53,720 salary is directly comparable to the national median, without significant inflation or deflationary pressures on daily expenses.
Job Market Context
163,140
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Montgomery, AL has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
Montgomery, AL's Location Quotient of 1.0 for All Occupations indicates that the concentration of these jobs within the city is exactly in line with the national average. This suggests a balanced job market where demand and supply for labor are relatively stable and predictable. It implies that while opportunities exist, the market is not exceptionally saturated nor is there a significant undersupply of workers in these broad occupational categories.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Northeast Alabama nonmetropolitan area All Occupations Salary | $46,230↓ 14% | 44 mi |
| Southeast Alabama nonmetropolitan area All Occupations Salary | $49,640↓ 8% | 44 mi |
| Northwest Alabama nonmetropolitan area All Occupations Salary | $46,470↓ 13% | 44 mi |
| Southwest Alabama nonmetropolitan area All Occupations Salary | $47,880↓ 11% | 44 mi |
| Auburn-Opelika, AL All Occupations Salary | $49,870↓ 7% | 49 mi |
Comparing salaries near Montgomery, AL
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Montgomery, AL?
The median annual salary for a All Occupations in Montgomery, AL is $53,720. This typically ranges from $23,400 for entry-level positions to $95,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Montgomery, AL is 20.0% lower than the national median of $67,140.
Is Montgomery, AL a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $53,720 is below the national average of $67,140, although the cost of living is at the national average. This means your purchasing power is standard, but your earning potential is lower.
Is Montgomery, AL a good place to live for All Occupations?
The Cost of Living Index in Montgomery, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Montgomery, AL?
Some top paying nearby cities include Northeast Alabama nonmetropolitan area ($46,230) and Southeast Alabama nonmetropolitan area.
How does Montgomery, AL's average salary compare to the national average?
The average annual salary for All Occupations in Montgomery, AL is $53,720, which is $13,420 less than the national average of $67,140.
What is the Cost of Living in Montgomery, AL?
Montgomery, AL has a Cost of Living Index of 100, which is exactly the national average. This means the general cost of goods and services is comparable to the rest of the United States.
How large is the workforce in Montgomery, AL?
Montgomery, AL has a total local workforce of 163,140 individuals across all occupations, indicating a significant labor pool.
What does a Location Quotient of 1.0 mean for Montgomery, AL?
A Location Quotient of 1.0 signifies that the concentration of All Occupations jobs in Montgomery, AL is the same as the national average, suggesting 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 163,140 employees in the Montgomery, AL 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 Montgomery, AL