SalaryNode

Average All Occupations Salary in Nashville-Davidson--Murfreesboro--Franklin, TN

The average annual salary for All Occupations in the Nashville-Davidson--Murfreesboro--Franklin, TN area is $64,320. This figure is slightly below the national average of $67,140, a common occurrence in metropolitan areas where specific industry concentrations can influence overall compensation trends. Local economic drivers and the specific demand for various roles within the broad category of 'All Occupations' contribute to this localized pay scale.

Executive Summary

  • Average Salary: $64,320 per year.
  • Growth Trend: Salaries have shifted 23.3% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $109,840.
  • Outlook: The Nashville metropolitan area boasts a substantial workforce of 1,096,500 individuals, indicating a large and active labor market. With a Location Quotient of 1.0 for All Occupations, the concentration of these roles is precisely at the national average. This suggests a stable and balanced demand for a wide array of professions, reflecting a healthy and consistent job market that can support a diverse range of employment opportunities.
2024 Market Data

Salary Overview

$64,320

The average All Occupations in Nashville-Davidson--Murfreesboro--Franklin, TN earns-4.2%below the national average.

BreakdownBased on 40h/week
Hourly

$30.9

Weekly

$1,237

Monthly

$5,360

All Occupations Salary Distribution in Nashville-Davidson--Murfreesboro--Franklin, TN

Salary potential for All Occupations in Nashville escalates significantly with experience. Entry-level positions typically fall within the lower percentiles, while senior and highly specialized roles command salaries in the upper percentiles. The widening gap between entry-level and senior salaries underscores the substantial career progression and earning potential available to those who develop expertise and advance within their chosen fields.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$29,550$14.2
ExperiencedProficient professional working independently.25% (Junior)$48,240$23.2
Mid-LevelEstablished expert. Standard market value.50% (Median)$48,840$23.5
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$80,400$38.7
Top TierIndustry leader / Executive level compensation.90% (Expert)$109,840$52.8

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$64,320

Gross Pay

Real Wage (Purchasing Power)

$64,320

Adjusted for COL (100)

With an average annual salary of $64,320 and a Cost of Living Index of 100, the nominal income in Nashville-Davidson--Murfreesboro--Franklin, TN aligns perfectly with the national average cost of living. This means that the purchasing power of the average salary is comparable to the national average, offering a stable financial environment for residents without significant advantages or disadvantages related to living expenses.

Job Market Context

1,096,500

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Nashville-Davidson--Murfreesboro--Franklin, TN 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 the Nashville area indicates that the proportion of these jobs relative to the total workforce is exactly the same as the national average. This suggests a job market that is neither over-concentrated nor under-represented in general occupations, implying a balanced competitive landscape where opportunities exist without extreme saturation or scarcity.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Nashville-Davidson--Murfreesboro--Franklin, TN

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Nashville-Davidson--Murfreesboro--Franklin, TN?

The median annual salary for a All Occupations in Nashville-Davidson--Murfreesboro--Franklin, TN is $64,320. This typically ranges from $29,550 for entry-level positions to $109,840 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Nashville-Davidson--Murfreesboro--Franklin, TN is 4.2% lower than the national median of $67,140.

Is Nashville-Davidson--Murfreesboro--Franklin, TN a lucrative place for All Occupationss?

No, not significantly more lucrative than the national average.The average salary of $64,320 is slightly below the national average of $67,140, and the cost of living is exactly at the national average. This indicates a comparable, rather than lucrative, earning environment for general occupations.

Is Nashville-Davidson--Murfreesboro--Franklin, TN a good place to live for All Occupations?

The Cost of Living Index in Nashville-Davidson--Murfreesboro--Franklin, TN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Nashville-Davidson--Murfreesboro--Franklin, TN?

Some top paying nearby cities include East Tennessee nonmetropolitan area ($46,100) and South Central Tennessee nonmetropolitan area.

How does Nashville's cost of living compare to the national average?

Nashville-Davidson--Murfreesboro--Franklin, TN has a Cost of Living Index of 100, which is exactly the national average. This means that the overall cost of goods and services is comparable to the rest of the United States.

What is the total workforce size in the Nashville area?

The total local workforce in the Nashville-Davidson--Murfreesboro--Franklin, TN area is substantial, numbering 1,096,500 individuals, indicating a large and dynamic labor market.

Does the Location Quotient suggest a high demand for All Occupations in Nashville?

A Location Quotient of 1.0 for All Occupations means the concentration of these jobs in Nashville is at the national average. This indicates a stable, balanced demand rather than a particularly high or low demand.

How does the average salary for All Occupations in Nashville compare to the national average?

The average annual salary for All Occupations in Nashville is $64,320, which is slightly 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 1,096,500 employees in the Nashville-Davidson--Murfreesboro--Franklin, TN area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.